--- title: "Meaning & Key Takeaway of: A multilateral world trade system is our…" description: "\"A multilateral world trade system is our very best hope for addressing the broad range of issues such as market access, tariff and nontariff barriers t..." image: "https://sms4smile.com/quotes/i/71c/victor-fung-106794_access_a-multilateral-world-trade-system-is-our_3121970.jpg" --- # A multilateral world trade system is our very best hope… ![“A multilateral world trade system is our very best hope for addressing the broad range of issues such as market access, tariff and nontariff barriers to trade, trade in services, and trade facilitation.” quote by Victor Fung](https://sms4smile.com/quotes/i/71c/victor-fung-106794_access_a-multilateral-world-trade-system-is-our_3121970.jpg) [Download](https://sms4smile.com/quotes/i/71c/victor-fung-106794_access_a-multilateral-world-trade-system-is-our_3121970.jpg) [Open image](https://sms4smile.com/quotes/i/71c/victor-fung-106794_access_a-multilateral-world-trade-system-is-our_3121970.jpg) > “A multilateral world trade system is our very best hope for addressing the broad range of issues such as market access, tariff and nontariff barriers to trade, trade in services, and trade facilitation.” Victor Fung ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Multilateral trade offers the best chance to tackle varied global challenges by improving market access, reducing barriers, and facilitating services. **In simple terms:** World trade cooperation helps solve many economic issues. Key Takeaway Support and strengthen multilateral trade agreements. Themes trade globalization cooperation policy economics Mood optimistic analytical Type policy economic When to use this quote - business negotiations - policy making - international development Key Concepts multilateralism market access tariff barriers trade facilitation Questions to Reflect On - How can nations balance sovereignty with trade? - What barriers are hardest to remove? A Different Perspective Political tensions can hinder cooperation. ★ ★ ★ ★ ★ No ratings yet [Access](https://sms4smile.com/quotes/about/access/) [Addressing](https://sms4smile.com/quotes/about/addressing/) [Barriers](https://sms4smile.com/quotes/about/barriers/) [Hope](https://sms4smile.com/quotes/about/hope/) [Investing](https://sms4smile.com/quotes/about/investing/) [Issues](https://sms4smile.com/quotes/about/issues/) [Market](https://sms4smile.com/quotes/about/market/) [System](https://sms4smile.com/quotes/about/system/) [Tariff](https://sms4smile.com/quotes/about/tariff/) [Trade](https://sms4smile.com/quotes/about/trade/) [World](https://sms4smile.com/quotes/about/world/) [World trade](https://sms4smile.com/quotes/about/world-trade/) ## Related quotes > [For the future world-trading regime to mirror economic reality and to allow the use of modern business strategies, we need a single overarching multilateral…](https://sms4smile.com/quotes/victor-fung/for-the-future-world-trading-regime-to-mirror-economic-reality-and-to/) Victor Fung > [Fully implementing the WTO trade facilitation agreement is one ingredient to reduce border delays and costs for traded merchandise.](https://sms4smile.com/quotes/arancha-gonzalez/fully-implementing-the-wto-trade-facilitation-agreement-is-one/) [Arancha Gonzalez](https://sms4smile.com/quotes/author/arancha-gonzalez/) > [Responsive governments committed to improving the broader trade facilitation and business environment can help companies of all sizes by improving infrastructure: roads, transportation, ports,…](https://sms4smile.com/quotes/arancha-gonzalez/responsive-governments-committed-to-improving-the-broader-trade/) [Arancha Gonzalez](https://sms4smile.com/quotes/author/arancha-gonzalez/) > [What exactly is trade facilitation? In a nutshell, it is an effort to enable global trade by reducing red tape and streamline customs. 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They listened to Trump's rhetoric on the campaign.…](https://sms4smile.com/quotes/donald-trump/when-donald-trump-was-first-elected-there-was-a-lot-of-fear-of-a/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [A protective tariff is a typical conspiracy in restraint of trade.](https://sms4smile.com/quotes/thorstein-veblen/a-protective-tariff-is-a-typical-conspiracy-in-restraint-of-trade/) [Thorstein Veblen](https://sms4smile.com/quotes/author/thorstein-veblen/) > [What I am anxious to do is to get the best bill possible with the least amount of friction… I wish to avoid \[splitting…](https://sms4smile.com/quotes/william-howard-taft/what-i-am-anxious-to-do-is-to-get-the-best-bill-possible-with-the/) [William Howard Taft](https://sms4smile.com/quotes/author/william-howard-taft/) > [TARIFF, n. A scale of taxes on imports, designed to protect the domestic producer against the greed of his consumer.](https://sms4smile.com/quotes/ambrose-bierce/tariff-n-a-scale-of-taxes-on-imports-designed-to-protect-the-domestic/) [Ambrose Bierce](https://sms4smile.com/quotes/author/ambrose-bierce/) ## More by Victor Fung > [For the future world-trading regime to mirror economic reality and to allow the use of modern business strategies, we need a single overarching multilateral…](https://sms4smile.com/quotes/victor-fung/for-the-future-world-trading-regime-to-mirror-economic-reality-and-to/) Victor Fung Explore all 2 Victor Fung quotes ## More Access quotes > [Conservatism is not about leaving people behind. 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