Pros: Using Tax Credits to maintain standards will bring uniformity among various firms who are producing equipments for renewable energy
Cons: Following the standards and proper disposal will increase cost but it would save the environment
Work with foreign counterparts and the WTO to develop a strong, effective and enforceable rules-based international trading system that promotes free and open trade.
Pros: No tariff and duty would be imposed on exporting and importing respectively which will result in lower prices.
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Cons: With free trade system, it becomes hard to impose anti-dumping strategies.
Get intellectual property and grand equity and take that to WTO
WTO acts a platform where all member companies can go settle their disputes with the help of negotiations.
Pros: This will have positive impact on trade overall thus standardizing its procedures and facilitating its members.
Cons: Every trade organization is not part of WTO and even if they are, they have to some amount in order to retain themselves as members of WTO.
