A B C D E F G H I J K L M N O P Q R S T U V W Z

Commercial 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…

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Commodity

Broadly speaking, any article exchanged in trade, but commonly used to refer to raw materials and bulk-produced agricultural products such as cereals, coffee or tea.

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Common 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,…

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Comparative 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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Compensation deal

A type of countertrade that involves the exports of goods in one direction. The payment of the goods is split into two parts: Part payment in cash by the importer. For the rest of the payment the original exporter makes…

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