International Trade and Labor Standards

International trade refers to the exchange of goods and services between countries. Labor standards are guidelines or regulations that ensure fair working conditions, including safe environments, reasonable working hours, and fair wages. The relationship between the two is significant; many argue that trade agreements should include labor standards to prevent exploitation in countries with weaker regulations. By promoting fair labor practices globally, we aim to improve working conditions, support economic development, and create a level playing field, ensuring that trade benefits workers as well as businesses.