20 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
tiered formula
Economy; International trade
A formula where higher tariffs have steeper cuts than lower tariffs - products with higher tariffs are put in a higher category or tier, which has a steeper cut than lower tiers. Also used for ...
tariff line
Economy; International trade
A product as defined in lists of tariff rates. Products can be sub-divided, the level of detail reflected in the number of digits in the Harmonized System (HS) code use to identify the product.
Textiles Monitoring Body (TMB)
Economy; International trade
The body consisting of a chairman plus 10 members acting in a personal capacity. Until expiry of the ATC on 1 January 2005 it saw to the implementation of commitments under this agreement.
Trade Policy Review Body (TPRB)
Economy; International trade
The General Council operating under special procedures for meetings to review trade policies and practices of individual WTO members under the Trade Policy Review Mechanism.
trade-balancing measure
Economy; International trade
Requirement that the investor use earnings from exports to pay for imports.
trade facilitation
Economy; International trade
Removing obstacles to the movement of goods across borders (e.g. simplification of customs procedures).
