1 Terms
Home > Industry/Domain > Economy > International trade
International trade
The buying and selling of goods, services and capital across international borders or territories.
Industry: Economy
Add a new termContributors in International trade
International trade
Southern African Customs Union (SACU)
Economy; International trade
An African customs union comprising Botswana, Lesotho, Namibia, South Africa and Swaziland.
Harmonised System
Economy; International trade
An international nomenclature developed by the World Customs Organization, which is arranged in six-digit codes allowing all participating countries to classify traded goods on a common basis. Beyond ...
Green Room
Economy; International trade
The informal name of the director-general's conference room. It is used to refer to meetings of 20-40 delegations, usually at the level of heads of delegations. These meetings can take place ...
Government Procurement Agreement (GPA)
Economy; International trade
An agreement (ie, signed by only some WTO members) covering the procurement of goods, services and capital infrastructure by governments and other public authorities.
Government use
Economy; International trade
For patents: when the government itself uses or authorises other persons to use the rights over a patented product or process, for government purposes, without the permission of the patent owner.
Harmonising formula
Economy; International trade
Used in tariff negotiations for much steeper reductions in higher tariffs than in lower tariffs, the final rates being harmonized i.e. closer together.
