Question

Mention any two unfair trade means practised by the developed countries.

Answer 1

Unfair trade practice refers to the use of various deceptive, fake, or unethical methods to obtain business. Unfair trade practices by the developing countries are:

1. Fraudulent advertising or representations of goods or services, deceptive pricing, debt traps, fraudulent offers of freebies or gifts, and noncompliance with production standards are all examples of unfair commercial practices.
2. Dumping and subsidies are examples of unfair trade practices that are contested in global trade. Even though these tactics might benefit the customer, they are deemed negative because they harm the nation’s industry.