Español
FrançaisA market with a single buyer, for example in certain countries, railway machinery and equipment.
Read MoreMost Favoured Nation treatment (MFN)
A non discriminatory trade policy commitment on the part of one country to extend to another country the lowest tariff rates it applies to any other country. All contracting parties to the General Agreement on Tariffs and Trade (GATT) –…
Read MoreMultilateral agreement
A international agreement involving three or more parties. For example, the GATT (General Agreement o Tariffs and Trade) has been, since its establishments in 1947, seeking to promote trade liberalization through multilateral negotiations. See also bilateral trade agreement.
Read MoreMultinational corporation (MNC)
A large commercial organization with affiliates operating companies in a number of different countries. A typically one normally functions with a headquarters that is based in one country, while other facilities are based in locations in other countries. In some…
Read MoreMutual Recognition Agreements (MRAs)
Mutual Recognition Agreements are negotiated on a sectoral basis (such as processed foods, telecommunications. medical devices, chemicals, etc.) ) and allow countries to accept each other´s final test results, although quality assurances may be required. Under MRAs the entire testing…
Read More
