WTO: Benefits for business
Creation of a stable, rule based, multilateral trading regime
Market access translates into market opportunities
The rule based system creates certain tights of access
Security of access
Tariff bindings and disciplines on barriers to trade whether tariff or non tariff. It also provides non discriminatory treatment of products and services.
The application of uniform rules in key areas of the trading process e.g. customs valuation, import licenses etc.
Rights against unfair trade practices for
Domestic industry
Export industry
Import industry