Diplomacy & Politics Glossary

A WTO rule allowing countries temporary trade restrictions to address serious balance of payments difficulties without violating trade obligations.

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.

Trade principle requiring states to treat all WTO members equally regarding trade advantages and tariffs.

A trade principle requiring a state to grant another state the same trade advantages it provides to any third party.

A temporary measure allowing countries to restrict imports of a product to protect domestic industries from serious injury caused by a surge in imports. It is regulated under WTO rules.

Temporary trade barriers imposed to protect domestic industries from sudden surges in imports causing serious injury.

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.

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.

A WTO agreement setting rules on investment measures that affect trade in goods among member countries.

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

Trade agreements within the WTO framework that involve only some member countries rather than all members.

These negotiations involve member states agreeing on tariff reductions to promote free and fair international trade.

Agreement aiming to simplify and expedite customs procedures to boost international trade efficiency.

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

The WTO Dispute Settlement Understanding is the agreement outlining procedures for resolving trade disputes among World Trade Organization members.