trade negotiations
Tariff discussion meetings
Trade negotiations are discussions between countries or blocs aimed at reaching agreements on tariffs, quotas, and other commercial terms.
These talks can be bilateral or involve many parties, as with the World Trade Organization.
The process typically drags on for years: The trade negotiations stalled over agricultural subsidies.
Failed negotiations may lead to trade wars; successful ones produce treaties governing imports, exports, and market access.
- quotasMandated numerical limits
- tariffsTaxes on imports
- customs dutiesTaxes on imports
- level playing fieldEqual competitive conditions
- bilateral talksDiplomacy between two parties
concessions · WTO · subsidies · most-favored-nation · summit meetings · behind closed doors · negotiation tactics · sticking points · intellectual property · exports · consensus-building · delegates · good faith · treaties · counteroffers · quid pro quo · bargaining chip · leverage
- global tradeexport tax, exports, import tax, imports, export
- tradecustoms, commerce, export, exports, quotas
- BrexitBrexit, leave, remain, no deal, backstop
- foreign policydiplomacy, sanctions, containment, deterrence, isolationism
- Global Economicseconomic development, economic growth, economic policy, economic unions, GDP
- international tradecustoms, tariffs, freight, exports, imports
trade negotiationstrade war
Retaliatory economic hostilities
economic warfare · embargo · blockade · trade embargo · trade blockade
trade negotiationsprotectionism
Shielding local producers
autarky · economic nationalism · isolationism · closed borders · mercantilism