Accession

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:

Collect to Blossary

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