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What provisions are in place to ensure that the trading practices are fair to all parties in a global economy?
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To ensure that trading practices are fair to all parties in a global economy, there are a variety of provisions in place to monitor and regulate international trade. These include regional and international agreements such as the World Trade Organization (WTO) and agreements like the North American Free Trade Agreement (NAFTA), which seek to ensure that all parties in global markets have access to fair and equitable trading practices and opportunities. WTO, in particular, is responsible for monitoring and resolving any disputes between countries and enforcing international trading regulations and standards. Additionally, many countries have their own laws and regulations to ensure fair trade practices within their own borders, as well as with their trading partners.