texts: The significance of understanding the nuance and distinctions of foreign customs and business practices are a continual challenge for global entrepreneurs and trader . Despite many countries accession to TO membership , trade and investment frictions are still predominant among existing membership . However , these frictions will be better managed under the TO trade rules and the organization's dispute settlement mechanism .
labels: In spite of this , international business contracts and arrangement must be precise , specific and all-inclusive to lessen misunderstanding , misconceptions and disagreements to the minimum 。