Glossary Terms

04

Dec'17

Multilateral Trading System

A multilateral trading system refers to the trade arrangement including all countries for fair and equitable trade without arbitrary rules …

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04

Dec'17

Doha Development Agenda (DDA)

Doha Development Agenda refers to concessions extended to the LDCs on different issues including: TRIPs, Agriculture, Special and Differential Treatment …

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04

Dec'17

Trade Facilitation Agreement (TFA)

Trade facilitation Agreement of the WTO aims to simplify customs procedures in member countries to facilitate trade -exports and imports. …

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04

Dec'17

New Issues (WTO)

New issue are the trade liberalisation issues which were brought by the developed countries after the final Uruguay Round or …

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04

Dec'17

Agreement or Technical Barriers to Trade (WTO)

The agreement on technical barriers to trade of the WTO provides regulations on technical standards including packaging, labelling requirements, and …

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04

Dec'17

Sanitary and phytosanitary measures

Sanitary and phytosanitary measures are import restriction measures that can be adopted by a WTO member on imports if the …

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04

Dec'17

Special Safeguard Duty (SSD) or (Product Safeguard measure)

Special Safeguard Duty is a tax (import tariff) imposed on imported goods if the imports in large volume are posing …

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04

Dec'17

Countervailing duty

Countervailing duty is an import duty imposed on imported goods because to neutralise some of the benefits enjoyed by the …

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04

Dec'17

Dumping

Dumping is a price practice where the price of a product in the importing country is kept less than the …

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04

Dec'17

Anti-Dumping duty

Anti-dumping duty is a duty (import tax/tariff) imposed on imports that amounts to dumping. Under the WTO’s agreement on anti-dumping …

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