Nullification and impairment

Nullification and impairment

Damage to a country's benefits and expectations from its WTO membership through another country's change in its trade regime or failure to carry out its WTO obligations.

This is auto-generated content. You can help to improve it.

0 0

Improve it

Add an image

Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Economy
Category: International trade
Organization: WTO
Product:
Acronym-Abbreviation:

Collect to Blossary

Other Languages:

Related terms

nullification and impairment

Economy; International trade

Damage to a country's benefits and expectations from its WTO membership through another country's change in its trade regime or failure to carry out its WTO obligations.

Nullification

History; American history

The doctrine, devised by John C. Calhoun, that a state has the power to nullify a federal legislation within its borders.

impairment

Fire safety; Prevention & protection

A condition where a fire protection system or unit or portion thereof is out of order, and the condition can result in the fire protection system or unit not functioning in a fire ...

impairment

Health care; Cancer treatment

A loss of part or all of a physical or mental ability, such as the ability to see, walk, or learn.

impairment

Health care; General

Any loss or abnormality of psychological, physiological, or anatomical structure or function from injury or disease. It represents a deviation from the person's usual biomedical ...

impairment

Health care; General

An alteration of health status, assessed by objective medical criteria. This is a medical finding.

United Nations Center for International Trade Law (UNCITRAL)

Economy; International trade

An international body that drafts model laws such as the one on government procurement.

Uruguay Round

Economy; International trade

Multilateral trade negotiations launched at Punta del Este, Uruguay in September 1986 and concluded in Geneva in December 1993. Signed by Ministers in Marrakesh, Morocco, in April ...

variable levy

Economy; International trade

Customs duty rate which varies in response to domestic price criterion.

voluntary restraint arrangement (VRA)

Economy; International trade

Bilateral arrangements whereby an exporting country (government or industry) agrees to reduce or restrict exports without the importing country having to make use of quotas, ...

waiver

Economy; International trade

Permission granted by WTO members allowing a WTO member not to comply with normal commitments. Waivers have time limits and extensions have to be justified.