Trade Policy Definitions
Definitions of the most commonly used terms in trade policy.
Bilateral Trade Agreements
Definition of the bilateral trade agreements, which benefit both sides.
Definition of the bilateral trade agreements, which benefit both sides.
Current Account Deficit
What happens when a country buys more than it produces.
What happens when a country buys more than it produces.
Dumping
A definition of the trade violation known as dumping.
A definition of the trade violation known as dumping.
Most Favored Nation Status
A definition of the Most Favored Nation trading status.
A definition of the Most Favored Nation trading status.
Peg
Many countries peg their currency to the dollar. This means this keep the value of their currency at a certain level relative to the dollar.
Many countries peg their currency to the dollar. This means this keep the value of their currency at a certain level relative to the dollar.
Multilateral Trade Agreements
A definition of a multilateral trade agreements, which benefit all sides.
A definition of a multilateral trade agreements, which benefit all sides.
Tariffs
A definition of a trade tariffs, which are taxes on imports.
A definition of a trade tariffs, which are taxes on imports.
Trade Deficit
What happens when a country consumes more than it produces
What happens when a country consumes more than it produces
Trade Promotion Authority
Trade Promotion Authority allows the President to negotiate trade agreements efficiently.
Trade Promotion Authority allows the President to negotiate trade agreements efficiently.
Unilateral Trade Agreements
A definition of unilateral trade agreements, which benefit only one side.
A definition of unilateral trade agreements, which benefit only one side.