4 Terms
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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
Multi-modal
Economy; International trade
Transportation using more than one mode. In the GATS negotiations, essentially door-to-door services that include international shipping.
Modality
Economy; International trade
A way to proceed. In WTO negotiations, modalities set broad outlines such as formulas or approaches for tariff reductions for final commitments.
Most-favored-nation (MFN) tariff
Economy; International trade
Normal non-discriminatory tariff charged on imports (excludes preferential tariffs under free trade agreements and other schemes or tariffs charged inside quotas).
Modes of delivery
Economy; International trade
How international trade in services is supplied and consumed. Mode 1: cross border supply; mode 2: consumption abroad; mode 3: foreign commercial presence; and mode 4: movement of natural persons.
Multifunctionality
Economy; International trade
Idea that agriculture has many functions in addition to producing food and fiber, e.g. environmental protection, landscape preservation, rural employment, food security, etc.
Non-agricultural market access (NAMA)
Economy; International trade
Protocol Broadly covers industrial, fisheries and forestry products.
Montreal Protocol
Economy; International trade
A multilateral environmental agreement dealing with the depletion of the earth's ozone layer.
