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FrançaisThe Pacific Alliance is a regional integration initiative created in 2011 in Latin America whose member states are Chile, Colombia, Mexico and Peru. Its main objective is create an area of deep economic integration and to move gradually toward the…
Read MoreParallel imports
Imports made by parties other than the factory-authorized importer. See also gray market.
Read MoreParent company
A parent company, sometimes called a holding company, is a corporation that has subsidiaries which are wholly or partially-owned separate businesses controlled by the parent. Although corporate law varies from one country to another there are several ways in which…
Read MorePerfect competition
A market situation where a large number of suppliers have equal opportunity to offer comparable goods or services to a large number of buyers. It is the opposite to oligopoly. Also called pure competition.
Read MorePost-tender-negotiation (PTN)
A practice the public sector uses to negotiate better terms after receiving formal tenders and before awarding contracts.
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