Pro-rating

Pro-rating

In Doha Round agriculture, a proposal, to adapt the calculation for triggering the SSM safeguard so that it takes into account the effect of an SSM in an earlier period. Imports in an earlier period when a safeguard was being used might be lower than the general trend. Therefore the earlier safeguard might exaggerate an import surge in a subsequent year, triggering the use of the safeguard again.

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Part of Speech: noun
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Industry/Domain: Economy
Category: International trade
Organization: WTO
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pro-rating

Economy; International trade

In Doha Round agriculture, a proposal, to adapt the calculation for triggering the SSM safeguard so that it takes into account the effect of an SSM in an earlier period. Imports ...

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.

Washington Treaty

Economy; International trade

Treaty for the protection of intellectual property in respect of lay-out designs of integrated circuits.

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Mohammed ben Rachid Al Maktoum

Or Sheikh Mohammed bin Rashid Al Maktoum,he is the Prime Minister and Vice President of the United Arab Emirates (UAE), and absolute monarch of Dubai. ...