International Trade Barriers
World Trade Organization
The WTO is the only international body dealing with the rules of trade between nations. At its heart are the WTO agreements, the legal ground-rules for international commerce and for trade policy.
WTO – Safeguard Measures
The WTO’s members agreement on the type of “safeguard” action (i.e., restrict imports of a product temporarily) to protect a specific domestic industry from an increase in imports of any product which is causing, or which is threatening to cause, serious injury to the industry.
WTO – Technical Barriers to Trade
The Agreement on Technical Barriers to Trade tries to ensure that regulations, standards, testing and certification procedures by member countries do not create unnecessary obstacles to the importation of goods and products.