We've got 145 shorthands for trade agreement »
Acronyms that contain the term trade agreement
What does trade agreement mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: trade agreement.
Term | Definition | Rating |
---|---|---|
APTTA | Afghan Pak Transit Trade Agreement | |
APTTA | Afghan Pakistan Transit and Trade Agreement | |
APTTA | Afghan Pakistan Transit Trade Agreement | |
ATTA | Afghan Transit Trade Agreement | |
APTTA | Afghanistan Pakistan Transit Trade Agreement | |
APTTA | Afghanistan-Pakistan Transit Trade Agreement | |
ACCTS | Agreement on Climate Change Trade and Sustainability | |
ATF | Agreement on Trade Facilitation | |
ATAP | Agreement on Trade in Agricultural Products | |
ATAP | Agreement on Trade in Agricultural Products | |
AFTA | Andean Free Trade Agreement | |
ACTA | Anti Counterfeit Trade Agreement | |
ACTA | Anti Counterfeiting Trade Agreement | |
ACTA | Anti-Counterfeiting Trade Agreement | |
AFTA | Asean Free Trade Agreement | |
ATIGA | Asean Trade In Goods Agreement | |
APTA | Asia-Pacific Trade Agreement | |
ANZCERTA | Australia New Zealand Closer Economic Relations Trade Agreement | |
AUSFTA | Australia-United States Free Trade Agreement | |
APTA | Automotive Products Trade Agreement | |
APTA | Automotive Products Trade Agreement | |
BFTA | Baltic Free Trade Agreement | |
BTIA | based Trade and Investment agreement | |
BFTA | Bilateral Free Trade Agreement | |
BTA | Bilateral Trade Agreement |
What does trade agreement mean?
- Trade agreement
- A trade agreement (also known as trade pact) is a wide-ranging taxes, tariff and trade treaty that often includes investment guarantees. It exists when two or more countries agree on terms that help them trade with each other. The most common trade agreements are of the preferential and free trade types, which are concluded in order to reduce (or eliminate) tariffs, quotas and other trade restrictions on items traded between the signatories. The logic of formal trade agreements is that they outline what is agreed upon and the punishments for deviation from the rules set in the agreement. Trade agreements therefore make misunderstandings less likely, and create confidence on both sides that cheating will be punished; this increases the likelihood of long-term cooperation. An international organization, such as the IMF, can further incentivize cooperation by monitoring compliance with agreements and reporting third countries of the violations. Monitoring by international agencies may be needed to detect non-tariff barriers, which are disguised attempts at creating trade barriers.Trade pacts are frequently politically contentious since they may change economic customs and deepen interdependence with trade partners. Increasing efficiency through "free trade" is a common goal. For the most part, governments are supportive of further trade agreements. There have been however some concerns expressed by the WTO. According to Pascal Lamy, Director-General of the WTO, the proliferation of regional trade agreements (RTAs) "...is breeding concern — concern about incoherence, confusion, exponential increase of costs for business, unpredictability and even unfairness in trade relations." The position of the WTO is that while the typical trade agreements (called preferential or regional by the WTO) are useful to a degree, it is much more beneficial to focus on global agreements in the WTO framework such as the negotiations of the current Doha round. The anti-globalization movement opposes such agreements almost by definition, but some groups normally allied within that movement, e.g. green parties, seek fair trade or safe trade provisions that moderate real and perceived ill effects of globalization.
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"trade agreement." Abbreviations.com. STANDS4 LLC, 2024. Web. 2 May 2024. <https://www.abbreviations.com/trade%20agreement>.
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