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Accession
Becoming a member of the WTO, signing on to its agreements. New members have to negotiate terms bilaterally with individual WTO members and multilaterally: (1) to convert the results of the bilateral negotiations so that they apply to all WTO members, and (2) on required legislation and institutional reforms that are need to meet WTO obligations.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International trade
- Organization: WTO
- Product:
- Acronym-Abbreviation:
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