WTO praises USA for trade policies

15 July 1999

WTO praises USA for trade policies

THE USA has come out with flying colours from the World Trade Organisation (WTO) for its liberal trade policies despite a few instances of restriction in the agricultural sector.

The WTO praises the USA for resisting “by and large” protectionist pressures in the face of a huge current-account deficit.

It warns that this stance might become more difficult if the economy turns down.

The USA has been criticised for recent anti-dumping, anti-subsidy action on lamb.

It has also been under attack for imposing high tariffs on farm goods exported by developing countries.

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