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FrançaisGetting around commitments in the World Trade Organization (WTO) such as commitments to limit agricultural export subsidies. Includes: avoiding quotas and other restrictions by altering the country of origin of a product; measures taken by exporters to evade anti-dumping or…
Read MoreCommercial treaty
An agreement between two or more countries setting forth conditions under which business between or among the countries may be transacted. It may outline tariff privileges, terms on which property may be owned, the manner in which claims may be…
Read MoreCommon market
A common market (as opposed to a free trade area) has a common external tariff and may allow for labour mobility and common economic policies among the participating nations. The common market has the same features as a customs union,…
Read MoreComparative advantage
A central concept in international trade which holds that a country or region should specialize in the production and export of those goods and services that it can produce relatively more efficiently that others goods or services, and import those…
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