WTO
Geneva-based commerce body
WTO is the World Trade Organization, an international body that regulates trade between nations.
It establishes rules for global commerce, resolves trade disputes, and negotiates agreements to reduce tariffs and other barriers: The WTO ruled against the country's import restrictions.
Founded in 1995, it replaced the General Agreement on Tariffs and Trade (GATT).
Ammunition or bout divisions
- DohaQatar's governmental seat
- UruguaySouth American republic
- talksSpeaks with others
- deadlockMutual blocking, no progress
stalemate · consensus · dispute settlement · panel · ruling · concessions · bargaining · mediation
Taxes on imports
- importObtain from overseas
- exportForeign-bound sale
- quotaFixed assigned amount
- commoditiesTradeable raw materials
goods · services · liberalization · customs · duty · trade barrier · free trade · trade deficit
Swiss seat of diplomacy
- secretariatAdministrative office of organization
- director-generalHead of large institution
- member statesCountries within a union
- observerOne who perceives events
accession · ministerial · council · committee · transparency · notification · technical assistance · developing countries
Global economic assistance organization
- OECDInternational economic policy organization
- G20Top economies' coordination body
- APECPacific economic cooperation forum
- ASEANSoutheast Asian intergovernmental body
EU · NAFTA · USMCA · bilateral agreements · customs union
rounds
Ammunition or bout divisions
deadlock · stalemate · consensus · dispute settlement · panel · ruling · concessions · bargaining · mediation · arbitration
tariffs
Taxes on imports
commodities · goods · services · liberalization · customs · duty · trade barrier · free trade · trade deficit · trade surplus
Geneva
Swiss seat of diplomacy
- secretariatAdministrative office of organization
- director-generalHead of large institution
- member statesCountries within a union
observer · accession · ministerial · council · committee · transparency · notification · technical assistance · developing countries · special treatment
IMF
Global economic assistance organization
- OECDInternational economic policy organization
- G20Top economies' coordination body
- APECPacific economic cooperation forum
ASEAN · EU · NAFTA · USMCA · bilateral agreements · customs union
- Economic Bodieseconomic council, finance ministry, treasury department, central bank, budget office
- trade lawtrade law, trade regulations, trade laws, trade treaties, commercial law
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- global tradefree trade, export tax, exports, import tax, imports
- tradetrade balance, free trade, trade barriers, customs, trade deficit
- global cooperationUnited Nations, multilateralism, coalitions, peace treaty, peace treaties
Shielding local producers
economic nationalism · autarky · isolationism · trade barriers · mercantilism
Acting without international cooperation