- Industry: Government
- Number of terms: 7177
- Number of blossaries: 0
- Company Profile:
The World Trade Organization (WTO) deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
Member countries are encouraged to use international standards, guidelines and recommendations where they exist. When they do, they are unlikely to be challenged legally in a WTO dispute. However, members may use measures which result in higher standards if there is scientific justification. They can also set higher standards based on appropriate assessment of risks so long as the approach is consistent, not arbitrary. And they can to some extent apply the precautionary principle, a kind of safety first approach to deal with scientific uncertainty.
Industry:Economy
Undertaking by an exporter to raise the export price of the product to avoid the possibility of an anti-dumping duty.
Industry:Economy
In Doha Round agriculture, a proposal, to adapt the calculation for triggering the SSM safeguard so that it takes into account the effect of an SSM in an earlier period. Imports in an earlier period when a safeguard was being used might be lower than the general trend. Therefore the earlier safeguard might exaggerate an import surge in a subsequent year, triggering the use of the safeguard again.
Industry:Economy
Requirement that the investor export to certain countries or region.
Industry:Economy
Additional agreements attached to the GATS. The Second Protocol deals with the 1995 commitments on financial services. The Third Protocol deals with movement of natural persons. The Fourth Protocol deals with telecommunications, and the Fifth Protocol deals with financial services.
Industry:Economy
In financial services, terms used to describe an objective of market regulation by authorities to protect investors and depositors, to avoid instability or crises.
Industry:Economy
The practice of employing specialized private companies to check shipment details of goods ordered overseas i.e. price, quantity, quality, etc.
Industry:Economy
Specific limits on the quantity or value of goods that can be imported (or exported) during a specific time period.
Industry:Economy
A term used to describe the four country block that includes Canada, EU, Japan and the United States.
Industry:Economy
The Uruguay Round Agriculture Agreement starts a reform process. It sets out a first step, in the <b>process</b>, i.e. a <b>Program</b> for reducing subsidies and protection and other reforms. Current negotiations launched under Article 20 are for continuing the reform <b>process</b>.
Industry:Economy
