Term
| Global economic integration |
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Definition
| Efforts to reduce trade and investment barriers around the globe |
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Term
| Regional economic integration |
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Definition
| Efforts to reduce trade and investment barriers within one region |
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Term
| Multilateral organisations |
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Definition
| Organisations set up by several collaborating countries |
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Term
| World Trade Organisation (WTO) |
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Definition
| The organisation underpinning the multilateral trading system |
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Term
| Principle of non-discrimication |
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Definition
| A principle that a country cannot discriminate among its trading partners ( a concession given to one country needs to be made available to all other GATT/WTO members) |
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Term
| General Agreement on Tariffs and Trade ( GATT) |
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Definition
| A multilateral agreement governing the international trade of goods (merchandize) |
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Term
| Gerneral Agreement on Trade in Services ( GATS) |
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Definition
| A WTO agreement governing the international trade of services |
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Term
| Trade-related aspects of Intellectual Property Rights (TRIPS) |
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Definition
| A WTO agreement governing intellectual property rights |
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Term
| Dispute settlement mechanism |
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Definition
| A procedure of the WTO to resolve conflicts between governments over trade-related matters |
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Term
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Definition
| A round of WTO negotiations started in Doha, Qatar, in 2001 - Officially known as the ' Doha Development Agenda'. |
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Term
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Definition
| Conditions that the IMF attaches to loans to bail out countries in financial distress |
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