Diplomacy & Politics Glossary

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

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

The most favored nation principle requires WTO members to treat all other members equally regarding trade tariffs and regulations without discrimination.

A treaty between countries that reduces tariffs for certain products to promote trade among the signatories.

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

Provisions in WTO agreements granting developing countries flexibilities and longer timeframes to implement commitments.

The WTO entity responsible for resolving trade disagreements between member countries through established legal procedures.

A WTO agreement aiming to expedite the movement, release, and clearance of goods across borders by simplifying customs procedures.

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

Negotiation sessions under the GATT/WTO framework where multiple countries discuss and agree on reducing trade barriers.

WTO agreement setting minimum standards for protecting intellectual property across member countries.

An international institution that regulates and facilitates global trade agreements and dispute resolution.