Diplomacy & Politics Glossary

Measures taken to protect domestic industries from foreign companies selling products below cost to gain market share.

The WTO entity responsible for resolving trade disputes between member countries.

The weighted average exchange rate of a country's currency against a basket of other currencies, reflecting trade patterns and currency values.

A government-imposed limit on the quantity or value of a specific good that can be imported during a given period.

A tax imposed by a government on goods brought into the country to protect domestic industries and generate revenue.

Specific cases in trade agreements where the Most-Favored-Nation principle does not apply, allowing preferential treatment.

A limit on the quantity or value of goods that can be imported or exported during a specified period.

The method by which import or export quotas are distributed among countries or companies.

A treaty between two or more countries in a specific region to reduce trade barriers and increase economic integration.

Financial assistance provided by governments to domestic industries to make their products more competitive internationally.

A tax imposed on imported goods to protect domestic industries or raise government revenue.

The difference between the monetary value of a country's exports and imports over a period.

The process of expanding the variety of products and markets in a country’s trade portfolio to reduce dependency risks.

Measures that simplify and streamline international trade procedures to reduce costs and delays at borders.

Expenses associated with complying with trade procedures, including documentation, inspections, and delays at borders.

A composite measure evaluating countries on customs efficiency, infrastructure quality, and regulatory environment for trade.

Policies and procedures that simplify and expedite the movement, release, and clearance of goods across borders to reduce trade costs and delays.

An international treaty aimed at liberalizing trade and investment in services sectors among participating countries.

Policies that regulate foreign investment linked to trade, such as local content requirements or export performance rules.

An agreement where exporting countries limit the quantity of goods exported to another country voluntarily.