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Terms that are on use on this site.
There are 132 entries in this glossary.
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| Term |
Definition |
| CICS |
Center for Strategic and International Studies
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| CITES |
Convention on International Trade in Endangered Species. A multilateral environmental agreement.
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| Codex Alimentarius |
FAO/WHO commission that deals with international standards on food safety.
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| Conditionality |
Countries must adopt specified
economic policies as a condition for receiving a loan from multilateral
financial institutions such as the International Monetary Fund or the World Bank. One
example of conditionality is Structured Adjustment Programs which include stringent austerity measures that in
many cases have had devastating effects on struggling economies.
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| CSIS |
Center for Strategic and International Studies
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| CTD |
The WTO Committee on Trade and Development
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| DFAIT |
Department of Foreign Affairs and International Trade - a
branch of Canada's federal government.
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| Doha Round |
Doha Development Round: The round of World Trade
Organization talks that began in 2001 at Doha,
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| EFTA |
European Free Trade Association.
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| EPZ |
Export Processing Zone - tax free zones that appear as 'factory
cities' typically found across Asia, in which products for
export are made, especially clothing, shoes, and electronics.
EPZs are characterized by poor working conditions such as
low pay, long hours, and few opportunities for workers to
organize.
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| Fast Track |
A procedure
adopted by the US Congress, at the request of the President, committing
Congress to vote to pass or reject a trade agreement without amendment.
Critics argue that this procedure is undemocratic because Congress
members cannot amend or reject objectionable clauses before agreements
are passed. Fast Track was first introduced in the Trade Act of
1974.
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| FDI |
Foreign direct investment: the purchase
by the investors or corporations of one country of non-financial
assets in another country. This involves a flow of capital from
one country to another to build a factory, purchase a business or
buy real estate.
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| FTAA |
Free Trade Area of the Americas
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| G7 |
Group of seven leading industrial countries: Canada, France, Germany, Italy, Japan, United Kingdom, United States.
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| G8 |
Originally an elite and closed group of 6 countries that first
met in 1975 as the G6 and continue to meet annually to discuss
political and economic issues. Members include France, United
States, Britain, Italy, Japan, and Germany, and later Canada.
In 1998 Russia also joined creating the G8.
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