Related Entries of the International Encyclopedia:

1. Trade Negotiations Committee Trade Negotiations Committee (TNC) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Trade Negotiations Committee (TNC): The steering group established at the outset of the GA 1TUruguay Round (Sec. I) to [...]...
2. Multilateral Trade Negotiations Negotiations among many nations acting in concert for the purpose of reducing trade barriers. Since the inception of the General Agreement on Tariffs and Trade (read about the GATT for further details). in 1947, the mos......
3. Green Round Green Round and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Green Round: A term referring to a proposed new GATT Round of multilateral negotiations that would address environmental [...]...
4. Geneva Rounds Geneva Rounds and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Geneva Rounds: The first and fourth GATT Round of multilateral trade negotiations, held in Geneva, Switzerland. The [...]...
5. Track Track I and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Track I: Designation for consolidated negotiating activities in the final phase of the Uruguay Roundconcerning market access in goods....
6. Dillon Round A series of multinational trade discussions conducted during 1960-1962 under the sponsorship of the general agreement of tariffs and Trade (read this and related legal terms for further details). The principal result of ......
7. Torquay Round Detais can be found in General Agreement on Tariffs and Trade).......
8. GATT Round GATT Round and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of GATT Round: A cycle of multilateral trade negotiations conducted under the auspices of the GATT. Each Round has constituted a [...]...
9. Substantial Supplier Substantial Supplier and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Substantial Supplier: An exporting country accounting for at least 10 percent of a country's imports of a given [...]...
10. Tropical Products Tropical Products and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Tropical Products: Agricultural and other products of export interest to countries in tropical regions of Latin [...]...
11. Kennedy Round A series of international trade discussions commencing in Geneva in May 1964, under the auspices of the General Agreement on Tariffs and Trade (read about the GATT for further details). The discussions were prompted by ......
12. Counterfeit Code Counterfeit Code and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Counterfeit Code: A draft agreement, initiated in the closing stages of the Tokyo Round but never concluded, which [...]...
13. Marketing Agreement Orderly Marketing Agreement (OMA) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Orderly Marketing Agreement (OMA): A contractual agreement between two or more governments to restrain [...]...
14. Shiping Transshipment and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Transshipment: Shipping goods through one country to another country in order to conceal the true country of origin. [...]...
15. Surveillance Body Surveillance Body and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Surveillance Body: A body created at the outset of the Uruguay Round to monitor participating countries' trade [...]...
16. Protocol Relating to Trade Negotiations Among Developing Countries Protocol Relating to Trade Negotiations Among Developing Countries and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Protocol Relating to Trade Negotiations Among Developing Countries: [...]...
17. Ministerial Declaration Ministerial Declaration and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Ministerial Declaration: A decision by trade ministers of GATT members to launch a GATT Round of multilateral [...]...
18. Compound Tariff Compound Tariff and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Compound Tariff: A combination of a specific duty and an ad valorem tariff on the same imported item (e.g., $100 per [...]...
19. Margin of Preference Margin of Preference and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Margin of Preference: The difference between the duty paid under a system of tariff preferences and the duty [...]...
20. Import Quota Import Quota and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Import Quota: A means of restricting or controlling imports by specifying the quantity or value of a commodity, which may [...]...
21. Market Access Negotiations Market Access Negotiations and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Market Access Negotiations: In the context of the Uruguay Round as well as bilateral trade negotiations, [...]...
22. Free Riders Free-Riders Free-Riders and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Free-Riders: In the context of the Uruguay Round discussions of a proposed Multilateral Trade Organization, [...]...
23. Tariff Rate Quota Tariff Rate Quota (TRQ) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Tariff Rate Quota (TRQ): Alternative term for tariff quota....
24. Sensitive Products Sensitive Products and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Sensitive Products: Goods produced by a domestic industry employing large numbers of workers, for which the costs of [...]...
25. Applied Tariff Rate Applied Tariff Rate and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Applied Tariff Rate: The tariff rate actually used to determine the amount of duty owed on a particular import [...]...
26. Principal Supplier A nation that serves as the major source of supply to another country for a specific product.......
27. Rebalancing Rebalancing and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Rebalancing: A term used in GATT agriculture negotiations, referring to the ability to shift import protection from one [...]...
28. Framework Agreement Framework Agreement and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Framework Agreement: A package of agreements negotiated during the Tokyo Round, dealing with (a) differential and [...]...
29. Supply Access Supply Access and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Supply Access: Assurances that importing countries will have fair and equitable access at reasonable prices to supplies of [...]...
30. Trade-Related Investment Measures Trade-Related Investment Measures (TRIMs) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Trade-Related Investment Measures (TRIMs): Designation for a Uruguay Round "' [...]...
31. Plurilateral Plurilateral and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Plurilateral: In GATT parlance, refers to a consultation or negotiating session involving more than two countries [...]...
32. Concessions Schedule of Concessions and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Schedule of Concessions: A list of import duties applicable to specific goods which a GATT Contracting Party [...]...
33. Horizontal Reduction Horizontal Reduction and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Horizontal Reduction: Negotiated cuts in tariff rates by the same percentage for all parties to an agreement. Also [...]...
34. Snapback Snapback and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Snapback: Provisions in a trade agreement that allow a signatory to temporarily rescind concessions under specified [...]...
35. Degressivity Degressivity and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Degressivity: The characteristic of a trade restriction, which diminishes in severity over time. A degressive measure could [...]...
36. Environmental Dumping Environmental Dumping and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Environmental Dumping: Refers to an unfair trade practice whereby an exporter achieves a cost advantage over its [...]...
37. Reverse Preferences Reverse Preferences and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Reverse Preferences: Tariff advantages once offered by LDCs to imports from certain industrial countries that have [...]...
38. Rollback Rollback and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Rollback: A commitment to phase out all trade restrictions or policies that distort trade or bring them into conformity with [...]...
39. Initial Negotiating Right Initial Negotiating Right (INR) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Initial Negotiating Right (INR): A right held by a GA TT member to be compensated by another member if a [...]...
40. Import Surcharge Import Surcharge and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Import Surcharge: A temporary tax on imports over and above established tariffs, usually enacted in times of economic [...]...
41. Tariff Escalation Tariff Escalation and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Tariff Escalation: The application of tariff rates on raw materials that are lower than on processed versions of the [...]...
42. Environmental Trade Measures Environmental Trade Measures and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Environmental Trade Measures: Trade measures applied by importing or exporting countries in conjunction [...]...
43. Demarche Demarche and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Demarche: A formal diplomatic communication of a country's position on an issue, presented to an official representative of [...]...
44. Multilateral Steel Agreement Multilateral Steel Agreement (MSA) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Multilateral Steel Agreement (MSA): A proposed agreement that would phase out tariffs, eliminate [...]...
45. Tariffication Tariffication and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Tariffication: Conversion of a quota or other nontariff barrier (NTB) to a tariff providing an equivalent amount of [...]...
46. State Trading Nations State Trading Nations and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of State Trading Nations: Countries that rely on government entities instead of private corporations to conduct their [...]...
47. Single-Column Tariff Single-Column Tariff and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Single-Column Tariff: A tariff schedule specifying only one rate of duty for each imported commodity....
48. Global Quotas Global Quotas and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Global Quotas: Explicit limits set by a country on the overall value or quantity of goods, which may be imported from or [...]...
49. Preferential Arrangement Preferential Arrangement and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Preferential Arrangement: A group of countries that grant each other special trade advantages, such as [...]...
50. Green Box Green Box and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Green Box: A term used in the context of GA TT negotiations on agriculture and on export subsidiesto refer to a category of [...]...
51. Free Trade Agreement Free Trade Agreement and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Free Trade Agreement: An agreement between two or more countries establishing a free trade area (FTA)....
52. Grey Area Grey Area Measures and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Grey Area Measures: Import relief measures taken outside the scope of GATT rules by countries seeking to protect [...]...
53. Pipeline Protection Pipeline Protection and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Pipeline Protection: In international negotiations on protection of intellectual property rights, refers to the [...]...
54. Offer List A list of products, usually prepared in conjunction with multilateral trade negotiations, upon which a nation is prepared to negotiate trade liberalization; the list may also identify products that are to be specifically exempted from discussion.......
55. Grandfather Clause Grandfather Clause and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Grandfather Clause: A provision in the GATT and other trade agreements permitting signatories to retain domestic [...]...
56. Specific Limitations on Trade Specific Limitations on Trade and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Specific Limitations on Trade: Measures that limit imports or exports of a product during a specified [...]...
57. South-South Trade South-South Trade and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of South-South Trade: In the parlance of the 1970s and 1980s, refers to trade among developing countries ("the [...]...
58. GATT Codes GATT Codes and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of GATT Codes: Agreements negotiated under GATT auspices to remove or lessen the trade-distorting effects of nontariff measures [...]...
59. Sherpa Sherpa and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Sherpa: An official of sub-cabinet rank from each of the major industrial countries responsible for coordinating his or her [...]...
60. 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 [...]...
61. Procedural Protectionism Procedural Protectionism and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Procedural Protectionism: Abusive administration of import control procedures allowed under GATT (especially [...]...
62. Rectifications Rectifications and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Rectifications: Changes made in a country's schedule of GATT concessions, usually .involving correction of errors but [...]...
63. Service Mark Service Mark and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Service Mark: A distinctive mark used in the sale or advising of services to distinguish them from the services of others. [...]...
64. Voluntary Restraint Agreement Voluntary Restraint Agreement (VRA) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Voluntary Restraint Agreement (VRA): An arrangement by which an exporting country takes steps [...]...
65. Administrative Review Administrative Review and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Administrative Review: In unfair trade cases, a mechanism for parties to a case to appeal a ruling on [...]...
66. Enabling Clause Enabling Clause and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Enabling Clause: Pan of the 1979 Framework Agreement providing a legal basis in GATT for industrial countries to grant [...]...
67. General Tariff A tariff schedule in which a single rate of duty applies to a given commodity irrespective of the country of origin. A general tariff makes no provision for preferential duties.......
68. Mixed Credits Mixed Credits and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Mixed Credits: Exceptionally liberal financing terms for an export sale. Ostensibly provided for foreign aid purposes, [...]...
69. Double Column Tariff Double-Column Tariff and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Double-Column Tariff: A tariff schedule listing two duty rates for some or all commodities. In any given case, the [...]...
70. Framework Initiative Framework Initiative and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Framework Initiative: (Also known as the New Economic Partnership). An initiative launched by the United States in [...]...
71. Authors' Rights Authors' Rights and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Authors' Rights: A term used primarily in Latin American countries to refer to copyrights....
72. Disciplines Disciplines and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Disciplines: In GATT parlance, refers to members' substantive obligations undertaken by members to refrain from [...]...
73. Export Credits Group on Export Credits and Credit Guarantees in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Group on Export Credits and Credit Guarantees: A subgroup of the OECD Trade .Committee,comprising all OECD [...]...
74. User Fee User Fee and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of User Fee: A fee for a service --such as the provision of customs operations by the government of the importing country [...]...
75. Structural Impediments Initiative Structural Impediments Initiative (SII) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Structural Impediments Initiative (SII): A series of bilateral negotiations begun in 1989 by the [...]...
76. Economic Summit Economic Summit and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Economic Summit: Although the term can be used more generally, its most prominent use is in referring to the annual [...]...
77. Normal Price Within the scope of the Brussels Definition Of Value (read this and related legal terms for further details), the value basis upon which ad valorem duties will be assessed on imports. The normal price is the price the go......
78. Normal Valu Normal Valu in International Trade Meaning of Normal Valu, according to the Dictionary of International Trade (Global Negotiator): A customs term meaning the price at which merchandise is sold or offered for sale in principal markets of the country from which it is exported. In some countries [...]...
79. Normal School Resources See Also School...
80. Normal Trade Loss The amount of product in a bulk shipment that is routinely lost during the routine course of transit, for example, the amount of grain that remains in the hold of a ship after normal discharge and cannot economically be retrieved. Such losses, within defined parameters, are not usually covered by in......
81. Ever-Normal Granary An agricultural price stabilization scheme predicated upon the principle that excess output in years of plenty should be taken off the market, to keep farm prices high and to avoid scarcities during periods of agricultural shortfalls.......
82. Nondumping Certificate A seller's certification, either in the form of a separate document or as a notation upon the invoice, that the merchandise described is being sold at a price no lower than that applicable to like sales in the country of origin. The purpose of the certification is to allay concerns of [...]...
83. Nontariff Measures Nontariff Measures (NTMs) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Nontariff Measures (NTMs): A broader term than NTBs, including not only import-restricting barriers but also [...]...
84. Nondiscrimination Nondiscrimination and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Nondiscrimination: Equal application of tariffs, quotas, or other trade restrictions to products from different [...]...
85. Non-Paper Non-Paper Non-Paper and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Non-Paper: In GATT parlance, a proposed agreement or negotiating text circulated informally among delegations for [...]...
86. Notification Notification and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Notification: In the context of GATT, refers to the procedure of informing the GATT Secretariat of a change in a [...]...
87. Non-application Non-application and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Non-application: In the context of Uruguay Round discussions of a proposed Multilateral Trade Organization, refers to a [...]...
88. North-South Trade North-South Trade and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of North-South Trade: In the parlance of the 1970s and 1980s, trade between the developed market economies ("the [...]...
89. Nontariff Barriers Nontariff Barriers (NTBs) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Nontariff Barriers (NTBs): Measures other than tariffs that burden or restrict international trade. NTBs may [...]...
90. National Treatment History of Commercial Treaties National Treatment The attainment of national treatment through treaty was strengthened in the 13th century. Venice, an Italian city-state that traded chiefly with Central and East Asia, exacted by treaty from the sultan of _alab (Aleppo) the right to have its [...]...
91. Note Verbale Note Verbale and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Note Verbale: A formal diplomatic communication delivered orally to an official representative of another country. The [...]...
92. Negotiating Group Negotiating Group and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Negotiating Group: A group of country delegates in a GATT Round charged with planning and managing multilateral [...]...
93. Negotiations Item-by-Item Negotiations and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Item-by-Item Negotiations: A method of tariff negotiations in which the expected trade effects of each [...]...
94. National Trade Estimate National Trade Estimate (NTE) Report and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of National Trade Estimate (NTE) Report: A report on significant foreign trade barriers published in [...]...
95. Natural Resource-Based Products Natural Resource-Based Products and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Natural Resource-Based Products: Designation for one of the negotiating groups in the Uruguay Round that [...]...
96. Nonviolation Complaints Nonviolation Complaints and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Nonviolation Complaints: In GATT dispute settlement negotiations, refers to provisions allowing the Contracting [...]...
97. Blockade Summary of Blockade An interdiction of maritime traffic to and/or from a given port or nation by the naval forces of another nation. Blockades usually arise out of declared war or other belligerent condition between the country whose area is blockaded and the country whose forces have [...]...
98. Boycott Summary of Boycott A conspiracy or coalition for the purpose of impeding the commerce of another. Boycotts are often attempts to advance political objectives by economic means and fall into two categories; the primary boycott, in which a party to the boycott refrains from trading with the [...]...
99. Codex Alimentarius A document published by the Codex Alimentarius Commission establishing international standards for raw and processed food products. The commission was established in 1963 by the Food and Agriculture Organization in conjunction with the World Health Organization. Member states of either the FAO [...]...
100. 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 [...]...
101. 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 [...]...
102. Confrontation and Justification A mechanism employed during multinational trade negotiations to define the positions of the various national delegations. Typically, each participating nation submits to its trading partners a statement of views, proposed tariff cuts, et cetera. During a series of meetings each nation is [...]...
103. Country of Origin For customs tariff purposes, the country in which an imported product was manufactured, grown, or produced. When goods pass through more than one country in the process of manufacture, the country of origin does not change unless the product has been transformed substantially; minor [...]...
104. Customs Union Summary of Customs Union An arrangement among participating countries whereby tariffs are eliminated or virtually eliminated on products moving between members, and a common external tariff (read this and related legal terms for further details) is adopted to provide uniform treatment to [...]...
105. Dual Pricing The sale of an identical product at different prices in different markets.......
106. East- West Trade A general reference to trade between the industrial nations of the West, particularly those nations that are members of the Organization for Economic Cooperation and Development ("https://lawin.org/list-of-international-trade-law-terms/">read this and related legal terms for [...]...
107. Economic Union Summary of Economic Union Also known as an economic community, an advanced form of economic integration on the part of several states. The economic union incorporates the features of a Common market (read this and related legal terms for further details)—unrestricted free trade among [...]...
108. Exceptions Products specifically exempted from trade liberalization, such as duty reductions; usually, exceptions are made to protect domestic industries that would suffer serious harm from increased imports.......
109. Export Subsidy Summary of Export Subsidy A direct payment, tax relief, or other incentive provided by a government to encourage export sales. The use of such devices is apt to be regarded as undesirable by the importing nation and may result in the imposition of Countervailing Duties (read this legal term [...]...
110. Harmonized System Known formally as the Harmonized Commodity Description and Coding System.. a product statistical classification system based upon the Customs Cooperation Council Nomenclature (CCCN) and designed to replace various statistical classification schemes now employed by various trading nations....
111. Least Developed Countries Summary of Least Developed Countries Those nations suffering the most severe economic and development problems, and requiring substantial and ongoing economic assistance. As a general rule, they are nations with a literacy rate of less than 20 percent and per capita income below two hundred [...]...
112. North-South Dialogue Various discussions and negotiating sessions between the industrialized (North) and developing (South) countries directed toward a restructuring of the global economy. See New International Economic Order.......
113. Paris Convention Known formally as the Paris Convention for the Protection of Industrial Property, an international agreement formulated to protect rights to industrial property including inventions, trademarks, service marks, trade names, and appellations of origin. The substantive provisions of the convention [...]...
114. Preemption The prerogative of customs authorities to seize and sell merchandise that an importer has deliberately undervalued to avoid payment of dudes.......
115. Quantitative Restriction A limitation on the quantity of a given commodity that may be imported into a country during a specified period of time. A quantitative restriction is manifested as a Quota ("https://lawin.org/list-of-international-trade-law-terms/">read this and related legal terms for further [...]...
116. Restitutions Export and producer subsidies granted by the European Economic Community to EEC farmers and processors. The subsidies are a feature of the Common Agricultural Policy (read this and related legal terms for further details......
117. Subsidy Summary of Subsidy A payment or other emolument prodded by a governmental authority for the purpose of advancing an economic objective defined as being in the public interest. Usually the object is to make available certain goods or services that, in the absence of a subsidy to the [...]...
118. 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 [...]...
119. Tokyo Declaration The pronouncement of a 1973 gathering in Tokyo of foreign, finance, and trade ministers of the major industrial nations, meeting to discuss economic and trade problems. The joint communique issued by the ministers called for increased trade through the elimination of tariff and nontariff [...]...
120. Tokyo Round The seventh, and latest, round of multilateral trade negotiations sponsored by the General Agreement on Tariffs and Trade (read about the GATT for further details). Running from 1973 to 1979, the Tokyo Round resulted in......