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A measure of the extent to which one of two countries, ''j'', exports what the other, ''k'', imports. Defined as ''TC<sub>jk</sub>'' = 100 – Σ''<sub>i</sub>''(
Industry:Economy
1. An amount that is loaned to an exporter to be repaid when the exports are paid for by the foreign importer. 2. Credit extended by an exporter to an importer, permitting them to pay at some time after they take delivery.
Industry:Economy
A policy that alters the amount of trade, up or down, from what it would otherwise be. Agricultural subsidies, even if not based on quantity of exports, are trade distorting unless they are paid independently of whether and how much farmers produce.
Industry:Economy
A trade indicator can be any sort of data, or even an anecdote, that suggests how the volume or composition of trade compares across time or across countries. Trade indicators are published by the World Bank and the OECD, among others.
Industry:Economy
A policy introduced in 2004 by the IMF to make resources more "predictably available" to member countries meeting balance of payments problems due to multilateral trade liberalization.
Industry:Economy
1. An office or other facility maintained in one country by the government of another to help residents of both to engage in international trade between them. 2. A group of persons from business and government of a country that travels to another country to promote its exports.
Industry:Economy
A negotiation between pairs of governments, or among groups of governments, exchanging commitments to alter their trade policies, usually involving reductions in tariffs and sometimes nontariff barriers.
Industry:Economy
A policy of admitting imports from one or more countries at lower (perhaps zero) tariffs than apply to otherwise comparable imports from other countries. See preferences and Preferential Trading Arrangement.
Industry:Economy
A theoretically consistent index of the restrictiveness of trade policy -- both tariffs and NTBs -- developed by Anderson and Neary (1996).
Industry:Economy
