Examlex
What is a specific purpose statement? Write an example of one.
Import Quota
An import quota is a government-imposed limit on the quantity or value of goods that can be imported into a country.
Regional Trading Bloc
A group of countries within a geographical region that protect themselves from imports from non-members through tariffs and quotas.
North American Free Trade Agreement
An agreement among the United States, Canada, and Mexico designed to remove tariff barriers between the three countries.
European Community
A term historically used to describe the European Union (EU) and its predecessor organizations, focused on integrating member states to enhance economic cooperation.
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