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Multilateral 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.

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Multinational 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…

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