International trade

International trade

The buying and selling of goods, services and capital across international borders or territories.

Industry: Economy

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Contributors in International trade

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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.

Horizontal

Economy; International trade

Cutting across or common to several issues.

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 ...