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A way of understanding the determinants of the balance of trade, noting that it is equal to income minus absorption. Due to Alexander (1952)
Industry:Economy
A group of academic economists and lawyers who are specialized in international trade policy and international economic law. ACIT's purpose is to prepare and circulate policy statements and papers that deal with important, current issues of international trade policy.
Industry:Economy
A group of African, Caribbean, and Pacific less developed countries that were included in the Lomé Convention and now the Cotonou Agreement. As of June 2007, the group included 79 countries.
Industry:Economy
A subsidy that is not prohibited by the WTO but that member countries are permitted to levy countervailing duties against.
Industry:Economy
A price for a good or service that is set and maintained by government, usually requiring accompanying restrictions on trade if the administered price differs from the world price.
Industry:Economy
A unit of government charged with the administration of particular laws. In the United States, those most important for administering laws related to international trade are the ITC and ITA.
Industry:Economy
A requirement that some proportion of the value of imports, or of import duties, be deposited prior to payment, without competitive interest being paid.
Industry:Economy
A terms of trade that is considered unfavorable relative to some benchmark or to past experience. Developing countries specialized in primary products are sometimes said to suffer from adverse or declining terms of trade.
Industry:Economy
A plan of action adopted at the Rio Summit to promote sustainable development.
Industry:Economy
