The General Agreement on Tariffs and Trade (GATT) is a legal agreement first signed by 23 countries on October 30, 1947 in Geneva, Switzerland. The GATT aimed “substantial reduction of tariffs and other trade barriers and the...
international trade
international economic law
International economic law is a field of international law that encompasses the conduct of sovereign states and international organizations in international economic relations and the conduct of private parties involved in cross-border...
international law
International law is a set of rules and principles governing the relations and conduct of sovereign states with each other, as well as with international organizations and individuals. Issues that fall under international law include trade, human...
international trade
International trade refers to commerce that occurs across national borders. An illustrative example is the importation and exportation of goods and services across national borders. The term international trade may also include foreign direct...
International Traffic in Arms Regulations (ITAR)
The International Traffic in Arms Regulations (ITAR) is a set of US Government regulations that control the import and export of defense products. The purpose of ITAR is to safeguard national security, and to further American foreign policy...
most favored nation
Most favored nation refers to a status conferred by a clause in which a country promises that it will treat another country as well as it treats any other country that receives preferential treatment. Most favored nation clauses are...
National treatment
National treatment is a legal concept requiring that foreign citizens be treated just as favorably by a country’s laws as the host country’s own citizens.
National treatment is frequently found in intellectual property law...
protectionism
Protectionism is an economic ideology that advocates using tariffs and other government restraints to protect domestic businesses from competition. Protectionism may stem from various circumstances, such as nationalist pride or fears of a...
retaliatory measures
Retaliatory measures, or reprisal, is a term used in international law to describe the use of diplomatic measures or force adopted by a State in response to a similar use of force exercised by another State.
Retaliatory...
tariff
A tariff refers to the duty imposed on a foreign item when it is imported into another country. It also refers to custom duties or custom tolls. Before World War II, many countries supported trade protectionism theory, the tariff in the...