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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
Generalised System of Preferences (GSP)
Economy; International trade
Programmes by developed countries granting preferential tariffs to imports from developing countries.
Green box
Economy; International trade
Domestic support for agriculture that is allowed without limits because it does not distort trade, or at most causes minimal distortion.
High-Level Meeting (HLM)
Economy; International trade
The WTO High-Level Meeting for least-developed countries, held in October 1997 in Geneva.
National treatment
Economy; International trade
The principle of giving others the same treatment as ones own nationals. GATT Article 3 requires that imports be treated no less favourably than the same or similar domestically-produced goods once ...
Non-trade concerns
Economy; International trade
Similar to multifunctionality. The preamble of the Agriculture Agreement specifies food security and environmental protection as examples. Also cited by members are rural development and employment, ...
Nuisance tariff
Economy; International trade
Tariff so low that it costs the government more to collect it than the revenue it generates. Sometimes, a tariff that does not have any protective effect some countries defend this as necessary in ...
