This is an accessible guide to the vocabulary used in trade negotiations. It explains some 3,000 terms and concepts in simple language. Its main emphasis is on the multilateral trading system represented by the agreements under the World Trade Organization (WTO). In addition it covers many of the trade-related activities, outcomes and terms used in other international organizations, such as the United Nations Conference on Trade and Development (UNCTAD), the World Intellectual Property Organization (WIPO), the Food and Agriculture Organization (FAO), Asia-Paciﬁc Economic Cooperation (APEC) and the OECD. The last decade has seen considerable attention devoted to trade and investment facilitation, sustainability and the formation of free-trade areas in all parts of the world. This dictionary allocates generous space to the vocabulary associated with such developments. It offers clear explanations, for example, of the concepts used in the administration of preferential rules of origin. More recently, trade facilitation has received considerable attention. Additional areas covered include emerging trade issues and issues based particularly on developing-country concerns.
> Gives a comprehensive overview of the terms and concepts used in international trade policy
> Explains these terms and concepts in accessible language and provides numerous examples of how they are used
> Nearly all entries include cross-references allowing readers to see the material in a broader context
The General Agreement on Tariffs and Trade (GATT) was created in 1947 and operated almost five decades on a provisional basis until 1995 when the WTO was established. Its goal is to improve the welfare of peoples of its member countries, specifically by lowering trade barriers and providing a platform for the negotiation of trade. The organization deals with the rules of trade between nations at a global or near global level; it is responsible for negotiating and implementing new trade agreements and charged with policing Member Countries' adherence to all WTO agreements. In 2007 there were 150 Member States.