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International trade

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

Contributors in International trade

International trade

Variable levy

Economy; International trade

Customs duty rate which varies in response to domestic price criterion.

Ad valorem equivalent (AVE)

Economy; International trade

A tariff that is not a percentage (eg, dollars per ton) can be estimated as a percentage of the price - the ad valorem equivalent.

Association of Southeast Asian Nations (ASEAN)

Economy; International trade

Eight ASEAN members are members of the WTO — Brunei, Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore and Thailand. The other ASEAN members — Laos and Vietnam — are negotiating WTO ...

Anti-dumping duties

Economy; International trade

GATT’s Article 6 allows anti-dumping duties to be imposed on goods that are deemed to be dumped and causing injury to producers of competing products in the importing country. These duties are equal ...

Agreement on Textiles and Clothing (ATC)

Economy; International trade

The WTO Agreement on Textiles and Clothing which integrated trade in this sector back to GATT rules, expired on 1 January 2005.

Appellate body

Economy; International trade

An independent seven-person body that considers appeals in WTO disputes. When one or more parties to the dispute appeals, the Appellate Body reviews the findings in panel reports.

Automatic import licencing

Economy; International trade

When applications for import licences are approved in all cases.

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