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World Trade Organization

(Encyclopedia)World Trade Organization (WTO), international organization established in 1995 as a result of the final round of the General Agreement on Tariffs and Trade (GATT) negotiations, called the Uruguay Roun...

reciprocal trade agreement

(Encyclopedia)reciprocal trade agreement, international commercial treaty in which two or more nations grant equally advantageous trade concessions to each other. It usually refers to treaties dealing with tariffs....

Federal Trade Commission

(Encyclopedia)Federal Trade Commission (FTC), independent agency of the U.S. government established in 1915 and charged with keeping American business competition free and fair. The FTC has no jurisdiction over ban...

World Trade Center

(Encyclopedia)World Trade Center, former building complex in lower Manhattan, New York City, consisting of seven buildings and a shopping concourse on a 16-acre (6.5-hectare) site; it was destroyed by a terrorist a...

European Free Trade Association

(Encyclopedia)European Free Trade Association (EFTA), customs union and trading bloc; its current members are Iceland, Liechtenstein, Norway, and Switzerland. EFTA was established in 1960 by Austria, Denmark, Great...

International Trade Commission, United States

(Encyclopedia)International Trade Commission, United States, independent agency of the U.S. government established in 1916 as the Tariff Commission; renamed International Trade Commission in 1975. It is charged wit...

Latin American Free Trade Association

(Encyclopedia)Latin American Free Trade Association: see Latin American Integration Association. ...

General Agreement on Tariffs and Trade

(Encyclopedia)General Agreement on Tariffs and Trade (GATT), former specialized agency of the United Nations. It was established in 1948 as an interim measure pending the creation of the International Trade Organiz...

North American Free Trade Agreement

(Encyclopedia)North American Free Trade Agreement (NAFTA), accord establishing a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. NAF...

doldrums

(Encyclopedia)doldrums dŏlˈdrəmz [key] or equatorial belt of calms, area around the earth centered slightly north of the equator between the two belts of trade winds. The large amount of solar radiation that arr...