trade negotiation
Deal-making between nations
Trade negotiation is the process by which countries, trading blocs, or other parties work out the terms of commercial agreements.
Such negotiations typically address tariffs, quotas, market access, intellectual property protections, and labor or environmental standards.
Trade negotiations may be bilateral (between two parties) or multilateral (involving many countries, as in World Trade Organization rounds).
The trade negotiations stalled over agricultural subsidies.
The outcome is usually a treaty or agreement that governs how goods and services flow between the parties.
- stakeholder analysisMapping affected parties' concerns
- tariffsTaxes on imports
- quotasMandated numerical limits
- bilateral talksDiplomacy between two parties
- behind closed doorsIn private, unobserved
sticking points · red lines · give and take · good faith · walking away · supply chains · bargaining power · consensus-building · summit meetings · seat at the table · conflict resolution · mediation · global markets · import restrictions · retaliatory tariffs · level playing field · most-favored-nation · exchange rates
- tradecustoms, commerce, export, exports, quotas
- diplomacyembassy, ambassador, ambassadors, treaty, treaties
- economic problemsmarket failure, recession, inflation, deflation, stagflation
- trade policytariff, quotas, protectionism, sanctions, tariffs
trade negotiationexecutive order
Binding directive from leadership
trade negotiationtrade war
Retaliatory economic hostilities
economic warfare · trade embargo · economic sanctions · trade blockade · protectionism
trade, negotiation, trades, traded, trading, trader, traders, tradesman, tradesmen