WTO -- World Trade Organization -- Definition & Example
2021年3月16日 · The WTO was created on January 1, 1995, and is headquartered in Geneva, Switzerland. The WTO replaced the General Agreement on Tariffs and Trade (GATT), which was created in 1948. GATT primarily regulated the trade of goods; the WTO regulates the trade of services and intellectual property as well. GATT still exists as the WTO's umbrella treaty ...
IMF -- International Monetary Fund -- Definition & Example
2020年8月12日 · The IMF's objectives focus on macroeconomic performance and policies, while the World Bank focuses on long-term economic development and poverty-reduction issues. The IMF works actively with the World Bank, the World Trade Organization, the United Nations, and other international bodies that share an interest in international trade.
Trade Bloc | Definition & Examples - InvestingAnswers
2021年1月8日 · While Uruguay was in the midst of GATT negotiations, the World Trade Organization (WTO) was created in 1995 as GATT’s successor. The WTO is the only international organization that handles global trade rules between countries worldwide. Its purpose is to ensure that trade blocs help trade more flow freely, predictably, and smoothly.
Duty Definition & Example - InvestingAnswers
2019年10月1日 · The World Trade Organization, which was created in 1995 and replaced the General Agreement on Tariffs and Trade, is an international body that acts as a trade-dispute settlement organization and offers a forum to discuss new and existing trade rules and tariffs. Why Does a Duty Matter?
Embargo Definition & Example - InvestingAnswers
2019年10月1日 · How Does an Embargo Work? Let's say Country A dislikes Country B's human rights policies. In order to coerce Country B to change its ways, Country A forbids its companies from selling widgets to Country B. Country B has a huge demand for widgets, and being 'cut off' from Country A's widgets could encourage Country B's citizens to demand that Country B's …
FTC -- Federal Trade Commission -- Definition & Example
2019年10月1日 · The Federal Trade Commission (FTC) protects consumers and businesses from practices that can cause markets to become unfair and anti-competitive. How Does the Federal Trade Commission (FTC) Work? The Federal Trade Commission is divided into three bureaus that have different regulation and protection responsibilities.
Quota Definition & Example - InvestingAnswers
2019年10月1日 · Quotas are usually set by government or by an organization of producers of a particular product. For trade quotas, governments set the quota limiting the import of a particular product, restricting the access to the domestic market by an offshore producer, and giving the domestic producers the opportunity to improve their position in the market ...
USAID Meaning, Definition & Example | InvestingAnswers
2020年9月29日 · The general idea behind USAID is that through its long-term economic aid programs, the organization develops trade partnerships with foreign countries that can create markets for American goods. Promoting trade overseas creates jobs in the United States.
Capital Asset Definition & Example | InvestingAnswers
2020年9月29日 · How Does a Capital Asset Work? Capital assets usually include buildings, land, and major equipment. For example, Company XYZ might own a factory building on three acres of land, and the factory might be full of expensive equipment.
NAIFA Meaning, Definition & Example | InvestingAnswers
2021年1月21日 · Founded in 1890, the organization originally was called The National Association of Life Underwriters (NALU). The organization represents insurance professionals in all 50 states and has at least one local chapter in every state, as well as the District of Columbia. The organization's primary offices are in Falls Church, Va.
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