Examlex
In New Zealand if a careless driver runs into someone and causes injury, the injured party cannot sue, but will be compensated under a government insurance program.
Trade Laws
Regulations governing how countries conduct trade with each other, including import and export laws, tariffs, and trade agreements.
World Trade Organization
An international organization that regulates international trade, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.
Multilateral Trading System
A trade system that promotes the participation of multiple countries agreeing to trade under certain regulations and tariffs.
Member Nations
Countries that are part of an international organization or agreement and subscribe to its regulations and policies.
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