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World Trade Organization
An international organization designed to regulate and facilitate international trade between nations.
General Agreement on Tariffs and Trade
An international treaty that aimed to reduce tariffs and other trade barriers, leading to the establishment of the World Trade Organization.
Import Quotas
Restrictions set by the government on the amount or monetary worth of products allowed into a nation, aimed at shielding local businesses from overseas rivals.
Increased-Domestic-Employment
A situation where the number of jobs within a country rises, often as a result of economic growth or policies.
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