What is reciprocity in wto?

Answer 1

Reciprocity in the World Trade Organization (WTO) refers to the principle that countries should provide equivalent concessions and benefits to each other in trade agreements. This means that if one country reduces tariffs or opens its markets, other countries are expected to do the same in return, promoting fairness and mutual benefit in international trade. Reciprocity helps to ensure that trade relationships are balanced and encourages countries to engage in negotiations, facilitating smoother trade flows.