Related Entries of the International Encyclopedia:

1. Target Price An important concept within the common agricultural policy (read this and related legal terms for further details) of the European Economic Community. It represents an optimum wholesale price within the community for a g......
2. Withdrawal Price A floor price at which European Economic Community producers of certain food products may withhold their goods from the market. The withdrawal price is generally below the base price (i.e., the target price set for a given commodity) and the purchase price at which EEC governments will intervene in ......
3. Consumer Price Index Summary of Consumer Price Index An index of the retail price of four hundred consumer products and services, computed monthly by the Bureau of Labor Statistics. Formerly known as the Cost of Living Index, the compilation includes retail price inputs of given items from many cities across [...]...
4. Base Price As used in conjunction with the Common Agricultural Policy of the European Economic Community, a trigger price for specific commodities at which member states will intervene to support the market price of a commodity. Member states may respond to a decline in market prices below the base price by la......
5. Threshold Price A minimum import price for commodities established under the common Agricultural Policy (read this and related legal terms for further details) of the European Economic Community, set so as not to hamper sales of EEC pro......
6. Buffer Stocks Buffer Stocks and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Buffer Stocks: Commodity stocks managed by countries or international organizations to moderate market price fluctuations. When prices rise [...]...
7. Orientation Price As used in conjunction with the Common Agricultural Policy of the European Economic Community it is the target price (read this and related legal terms for further details) for cattle and calves, i.e., the equilibrium pr......
8. Commercial Policy Common Commercial Policy and Europe There is an entry on common commercial policy in the European legal encyclopedia. Resources See Also Economic Development Social development Resources See Also Further Reading Entry "Common Commercial Policy" in the work "A Concise [...]...
9. Intervention Price The price at which the European Economic Community, in accordance with the Common Agricultural Policy (read this and related legal terms for further details), will intervene in the market to buy excess agricultural produ......
10. Reference Price A mechanism of the Common Agricultural policy (read this and related legal terms for further details) of the European Economic Community designed to prevent disruptive import competition for certain vegetables, fruits, f......
11. Common External Tariff Summary of Common External Tariff The uniform customs tariff applied by all the member states of a customs union or common market to imports from nonmember nations.(Main Author: William J. Miller) Common External Tariff and the GATT Policy Negotiations In relation to the GATT [...]...
12. Compensatory Tax A special import levy imposed by the European Economic Community upon certain agricultural imports when the entry price of such products falls below a reference, or minimum target, price and the import is priced so as to reflect an export subsidy. Compensatory taxes are institutionalized in the [...]...
13. Spot Price The price of a commodity in the Spot Market (read this and related legal terms for further details), i.e., the price quoted for immediate sale and delivery. ......
14. Labor Advisory Committee Labor Advisory Committee (LAC) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Labor Advisory Committee (LAC): A policy-level committee that forms part of the private sector advisory system established by [...]...
15. Guide Price As used in conjunction with the European Economic Community's Common Agricultural Policy on cattle and calves, it is synonymous with Orientation Price (read this and related legal terms for further details).......
16. Purchase Price Defined in 19 U.S.C. 162 as the price at which imported merchandise has been purchased, or will be purchased, prior to exportation. It is usually based on the ex factory price excluding any export duties levied in the country of manufacture. Within the framework of the European Economic Community......
17. World Price The price at which a given commodity is selling internationally under market conditions in effect at the time of sale. To provide a valid comparison between prices, the world price quoted must normally include quality, location, and perhaps other factors, depending upon the commodity.......
18. Indicative Price Also known as the norm price, the Target Price (read this and related legal terms for further details) for producers of olive oil under the common agricultural policy (...
19. Price Discrimination Price Discrimination and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Price Discrimination: The practice of charging unequal prices to different buyers of products that are essentially identical, when such [...]...
20. Administered Pricing A condition in which the prices of certain goods and/or services are determined by governmental authority, supplier cartels (legal or illegal), or trade associations, and not by market forces. The purpose of administered pricing is to eliminate price competition or to maintain price stability [...]...
21. European Community European Community (EC) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of European Community (EC): (Previously known as the European Economic Community, or EEC; the term "European Communities" [...]...
22. Commercial Arbitration In the U.S., commercial arbitration is used most often in the construction, garment, and textile industries; in cases involving insurance and negligence; in maritime disputes; and in controversies involving members of stock and commodity exchanges. All but six states have adopted modern [...]...
23. List of Consumer Law Online Journals ContentsList of Consumer Law Online JournalsSee AlsoConclusionNotesReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries List of Consumer ... Read more...
24. Standard Price The target price (read this and related legal terms for further details) for tobacco under the Common Agricultural Policy of the European Economic Community.......
25. Montant De Soutien A plan devised by the European Economic Community in 1963 as the basis of agricultural trade negotiations during the Kennedy round. The plan is predicated upon a reference price for a given agricultural commodity; any imports below the reference price would incur a levy equal to the spread between t......
26. Export Quota Agreement An arrangement arising under an international commodity agreement whereby each participating exporting nation is allocated a portion of the market. Participating importing nations agree to limit imports from nonmember nations. The object of the system is to maintain price stability, thus [...]...
27. Minimum Import Price As used in conjunction with the Common Agricultural Policy of the European Economic Community, Gate price (read this and related legal terms for further details).......
28. Countervailing Charge Countervailing Charge and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Countervailing Charge: A charge in addition to normal import duties that may be imposed under the European [...]...
29. Arbitrage Summary of Arbitrage The practice whereby foreign exchange or commodities are purchased in one market at lower cost and rapidly traded off in another, higher cost market. For example, if the pound sterling sells for $1.50 in Paris, but only $1.45 in New York, an arbitrageur could buy [...]...
30. Entry Price Under the common agriculture POLICY (read this and related legal terms for further details) of the European Economic Community, the price at which certain imported agricultural products enter EEC commerce. If the entry p......
31. Gate Price The minimum price at which pork, poultry, and eggs werw permitted to enter the European Economic Community under the common AGRICULTURAL POLICY (read this and related legal terms for further details) without imposition o......
32. Common Commercial Policy Common commercial policy and the Treaties of the European Union Description of Common commercial policy provided by the European Union Commission: The Community has exclusive responsibility for the common commercial policy (Article 133 of the EC Treaty, formerly Article 113). Under the policy [...]...
33. Competition Policy Competition Policy and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Competition Policy: A broad category encompassing antitrust and other policies to remedy the imperfectly competitive nature of key [...]...
34. Deficiency Payments Deficiency Payments and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Deficiency Payments: Government payments to compensate producers --usually farmers --for all or part of the [...]...
35. Price Base Price or Basic Price and International Trade Resources See Also Further Reading Information related to price in the Max Planck Encyclopedia of International Law(MPEPIL), Germany, United Kingdom Resources See Also Common Agricultural Policy Gate Price and International Trade Resources [...]...
36. Chicken War A protracted dispute between the United States and the European Economic Community arising from the adoption of Europe's COMMON AGRICULTURAL POLICY (read this and related legal terms for further details) on chicken i......
37. Supplementary Levy An additional tax that may be imposed upon imports of pork, poultry, or eggs into the European Economic Community when the purchase price of such items falls below the Gate Price ("https://lawin.org/list-of-international-trade-law-terms/">read this and related legal terms for [...]...
38. Common Transport Policy Common transport policy and the Treaties of the European Union Description of Common transport policy provided by the European Union Commission: The goal of the common transport policy is to remove obstacles at the borders between Member States so as to facilitate the free movement of persons [...]...
39. Community Powers Community powers and the Treaties of the European Union Description of Community powers provided by the European Union Commission: Community powers are those which are conferred on the European Union in specific areas by the Member States. The European Union is thus able to act only within the [...]...
40. Airbus Airbus and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Airbus: Refers to commercial aircraft produced by Airbus Industry, a government- backed consortium comprising Aerospatiale (France), Daimler [...]...
41. International Tin Council International Tin Council Outline The International Tin Agreement was made for the purpose of stabilising the price of tin on the world markets. The first agreement was made in 1953 and came into operation in 1956. This agreement expired in 1961. It was followed by five agreements between 19......
42. Freer Trade History of Commercial Treaties: Freer TradeHopeful omens, however, began to appear. In 1934 the United States passed the Reciprocal Trade Agreement, by which the president was empowered to lower import duties on a country's goods if that country reciprocated. The United States thereby m......
43. Community Competences Community competences and the Treaties of the European Union Description of Community competences provided by the European Union Commission: Community competences are those which are conferred on the European Union in specific areas by the Member States. The European Union is thus able to act [...]...
44. Economic Rent Economic Rent and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Economic Rent: The gain to a producer or resource owner resulting from a trade barrier or other restriction of supply that leads to a higher [...]...
45. Consumer Subsidy Equivalent Consumer Subsidy Equivalent (CSE) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Consumer Subsidy Equivalent (CSE): The percentage by which consumer prices on an item are affected by [...]...
46. Trade In the United States For information about Trade in the context of international trade, click here Trade and the Laws of International Trade Prohibited actions Export Administration System Trade and the Laws of International Trade Intent Export Administration System American Coasting Trade: [...]...
47. Commodity Agreement Commodity Agreement and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Commodity Agreement: A formal international arrangement among exporters and importers of a commodity. Such [...]...
48. Commodity Summary of Commodity A nondifferentiated product produced with commonly available technology.(Main Author: William J. Miller) The Legal History of Commodity in Islamic Law This section provides an overview of Commodity in Islamic Law Commodity in International Trade Meaning of [...]...
49. Commodity Control List A listing of products subject to U.S. export controls administered by the Department of Commerce. The list includes items under controls imposed by COCOM (read this and related legal terms for further details) as well as......
50. Commodity Credit Corporation A Federally chartered corporation controlled by the U.S. government and administered as a part of the Department of Agriculture. In addition to various domestic agricultural stabilization efforts, the CCC administers three foreign sales promotion programs.......
51. Commodity Paper Drafts or bills of exchange arising from transactions involving the sale of commodities. The draft is usually accompanied by negotiable bills of lading, warehouse receipts, or similar documents of title permitting the holder of the draft to dispose of the commodities in the event the drawee defaults......
52. Commodity Price Index An index of prices for a stipulated list of commodities. Prices may be on a spot or futures basis. Customarily, major commodities are traded on exchanges (although there are some exceptions), and price fluctuations can be monitored accordingly. The U.S. Department of Labor maintains an index of twen......
53. Commodity Jurisdiction In the United States For information about Commodity jurisdiction in the context of international trade, click here...
54. Commodity Future Resources See Also Futures contract...
55. Commodity Futures Contract Resources See Also Futures contract...
56. Commodity Option Resources See Also Option...
57. Commission on International Commodity Trade An agency of the United Nations established in 1954 to monitor activities of primary commodities markets. The basic function of the commission is to compile statistics on commodities trading, observe the impact of the markets upon developing countries, and make reports and recommendations to [...]...
58. Cash Commodity A tangible, physical commodity or financial instrument, the delivery of which to a purchaser could be effected immediately or nearly so.......
59. Common Market Summary of Common Market A supranational organization of trading nations, created to promote economic collaboration and minimize constraints on the free movement of goods among the member states. Features of a common market include elimination of tariffs on goods moving between member [...]...
60. Market Access Summary of Market Access The degree of participation in the domestic market that a nation allows to foreign suppliers. Tariffs, quotas, and similar protective devices are devices imposed to limit market access. (Main Author: William J. Miller) Market Access and National Treatment in the [...]...
61. Cornering the Market Resources See Also Corner...
62. Domestic Market Resources See Also Trade Market White Market Financial Market Trade Law Competition Law...
63. Financial Market Resources See Also Trade Market White Market Financial Market Trade Law Competition Law...
64. International Market Resources See Also Trade Market White Market Financial Market Trade Law Competition Law...
65. Market Planning Resources See Also Trade Market White Market Financial Market Trade Law Competition Law...
66. Market Stabilization Resources See Also Trade Market White Market Financial Market Trade Law Competition Law...
67. Market Study Resources See Also Trade Market White Market Financial Market Trade Law Competition Law...
68. International Commodity Agreement A multilateral trade agreement aimed at promoting price and supply stability as related to the production of a particular commodity. Such agreements are characterized by the adherence of the principal producing and consuming nations, and the establishment of a commission to ensure the orderly implem......
69. International Commodity Organization An organization of the producing nations of a particular commodity. The principal motive for the organization is to foster price collaboration among the producers; the organization may establish buffer stocks to prevent wide swings in the market price of the commodity. The principal [...]...
70. International Commodity Agreements International Commodity Agreements OutlineThe 'International Commodity Agreements', or 'Commodity Agreements', are expressions referring to a number of international agreements on specified commodities. For example, there were agreements on tin, wheat, sugar, coffee, cocoa a......
71. Harmonized Commodity Description Harmonized Commodity Description and Coding System: Legal text, heading, and subheading provisions Harmonized Commodity Description,Harmonized System (HS) and Harmonized System Codes (HS Code) ...
72. Harmonized Commodity Description and Coding System Process and Production Methods (PPMs) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Process and Production Methods (PPMs): In the context of environmental trade measures, refers to [...]...
73. Central Market A spot commodity market that serves as a national or regional center of trading activity, and often large-scale distribution of the products as well. Transactions are usually performed by dealers who serve as intermediary brokers between buyers and sellers.......
74. Clear Market Value Resources See Also Fair market value...
75. Current Market Value Resources See Also Fair market value...
76. Capital Market Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
77. Carribbean Community And Common Market Commonly known as Caricom, the successor organization to the defunct Caribbean Free Trade Association (Carifta). The object of CARICOM was to stimulate regional development through the adoption of a common external tariff and uniform protectionist measures, harmonization of fiscal affairs, and conce......
78. Central American Common Market Summary of Central American Common Market A free trade area among the nations of Central America, established in 1960 by a treaty between El Salvador, Guatemala, Honduras, and Nicaragua. The common market began operations in 1961, and Costa Rica joined the group in 1962. Honduras dropped [...]...
79. Caribbean Community and Common Market Caribbean Community and Common Market (CARICOM), organization established in 1973 to promote regional unity and to coordinate economic and foreign policy among Caribbean nations. Member countries include Antigua and Barbuda, Barbados, Belize, Dominica, G......
80. Caribbean-Canadian Common Market Caribbean-Canadian Common Market (CARIBCAN) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Caribbean-Canadian Common Market (CARIBCAN): A non-reciprocal preferential [...]...
81. Capital Market Liability Capital Market Liability in Private International Law This section contain conflict of laws information and cross references related to capital market liability on some major countries and additional jurisdictions. It covers key issues involved when citizens face international situations. [...]...
82. Clear Market Price Resources See Also Fair market value...
83. Market Market Reserve Policies and International Trade Resources See Also Economy Economic System Legal System Capitalism Resources See Also Law of Similars...
84. Market Value Embracing mainstream international law, this section on market value explores the context, history and effect of the area of the law covered here. Resources Further Reading The entry "market value" in the Parry and Grant Encyclopaedic Dictionary of International Law (currently, the [...]...
85. At the Market Resources See Also Market order...
86. Market-Inalienability ContentsMarket-InalienabilityConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries Market-Inalienability   Margaret Jane Radin   Things that ... Read more...
87. Black Market Black Market Definition Black Market is the term designating the illicit sale of commodities in violation of government rationing and price-fixing. The term originated in Europe during World War I, when the introduction of rationing in belligerent countries tempted some persons with access [...]...
88. Fair Market Value The value an imported product would fetch, under similar circumstances of sale, were the goods sold in the country of origin. Customs authorities are usually interested in the fair market value of imported merchandise inasmuch as sales below such value may serve as the basis of a Dumping (...
89. Free Market The economic system of a nation in which market forces determine which goods and services are produced, and at what price they are offered. Free market economies do not contain substantial government controls on resource availability, price levels, or central planning of economic objectives.......
90. Interbank Market A market for the purchase and sale in the spot and forward markets for foreign exchange among major commercial banks. Very often, these banks will offer to purchase or sell exchange through brokers, thereby initially protecting the identity of the market participants in a given currency at a point i......
91. Market Disruption A condition in which foreign imports of a given product increase in quantity so rapidly as to cause, or threaten to cause, material injury to a competing domestic industry. A finding of market disruption before the International Trade Commission may result in retaliatory actions against the [...]...
92. Primary Market A spot commodity market dealing in a local producing area. Ordinarily such markets develop around local transportation centers.......
93. Single Market Summary of Single Market A component feature of the Common Agricultural policy (read this and related legal terms for further details) of the European Economic Community.(Main Author: William J. Miller) Single Market and Europe There is an entry on single market in the European [...]...
94. Spot Market A market for commodities or currency in which the sale results in an immediate or nearly immediate exchange of the goods or instruments for cash, as compared with a futures market, which trades in contracts for the future delivery of the product.......
95. Bonds Market Bonds in this SectionBondHow Bonds WorkTypes of BondsIssu......
96. Market Failure Market Imperfections or Market Failure and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Market Imperfections or Market Failure: Often refers to two sources of departure from perfect competition, i.e., [...]...
97. Market Structure Market Structure and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Market Structure: Refers to the structure of an industry or market, as reflected in the number and size distribution of sellers and buyers, [...]...
98. Market Power Market Power and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Market Power: The ability of an individual firm to exert control over prices prevailing in the markets for its products or services. The highest [...]...
99. Market Performance Market Performance and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Market Performance: The principal focus of competition policy, market performance refers to the degree to which a particular industry or [...]...
100. Grey Market Grey Market in International Trade Meaning of Grey Market, according to the Dictionary of International Trade (Global Negotiator): A situation that consists of unauthorized traders buying and selling a company's product in different countries. Companies confronted with a grey situation can [...]...
101. Market Risk Market Risk in International Trade Meaning of Market Risk, according to the Dictionary of International Trade (Global Negotiator): The possibility that results at the time a product is delivered may differ from expectations held at a time it was ordered. For instance, the market price may have [...]...
102. Market Intelligence Improving Competitiveness Through Organizational Market Intelligence: Market Intelligence, the Law and other Social Sciences Market intelligence (MI) is a concept that results in real opportunities for knowledge management in organizations. MI is a cyclic process to deliver knowledge for [...]...
103. Internal Market Meaning of Internal market Here is a very short concept of internal market in the European Union framework: Another term for the single market; also known as the common market, although that expression has wider connotations. Resources Notas y References See Also...
104. Over-the-counter Market Resources See Also NASD NASDAQ...
105. Actual Market Value Resources See Also Market volume...
106. Agricultural Market Resources See Also Farming Farm Bill Agricultural Law Agriculture Reform Agriculture...
107. Market Economy Resources See Also Economy Economic System Legal System Capitalism...
108. Labor Market Resources See Also Labor Employment Law International Labor Law Industrial Safety Labour Labor Right Labor Policy...
109. Market Research Resources See Also Price Policy Price Control Pricing Strategy Dumping...
110. Market Definition Resources See Also Business Law Antitrust Laws...
111. Market Scope Resources See Also Business Law Antitrust Laws...
112. Andean Common Market Considered in Andean Group.......
113. European Common Market European Common MarketCross-reference: European Economic Community and European Union.......
114. Dual Exchange Market A governmentally mandated system for the handling of foreign exchange transactions under which officially sanctioned imports or other approved transactions are accommodated at a given, prescribed rate of exchange while other transactions employ the market rate of exchange. For a listing of countries......
115. Foreign Market Price For purposes of customs valuation comparisons, generally the price of like merchandise sold for consumption in the country of origin.......
116. London Discount Market The group of London discount houses that make a market for short-term government and commercial paper. The discount market is financed by secured loans from the London clearing banks.......
117. Market-Oriented Distribution Center A product distribution center located close to the point of consumption rather than the point of manufacture. For example, an American manufacturer of a product sold in Europe might supply European customers from a (market-oriented) distribution center in Rotterdam, rather than directly from the U.S......
118. Open Market Captive See Captive Insurance Company.......
119. Open Market Operations A principal vehicle of the Federal Reserve system in expanding or contracting bank reserves. The Federal Open Market Committee, consisting of the entire Board of Governors of the Federal Reserve system, plus representatives of five of the twelve regional Federal Reserve banks (the New York Federal R......
120. Arab Common Market Arab Common Market Outline The ACM came into existence in 1965, pursuant to an agreement signed in 1964 by the Arab League states. Its initial members included Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine Liberation Organisation, Somalia, Sudan, Syria, United Arab Emirates, Yeme......