Examlex
Which of the following techniques can be used to analyze total project risk?
GATT Agreement
The General Agreement on Tariffs and Trade; a legal agreement between many countries whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas.
WTO
The World Trade Organization, an international body that deals with the rules of trade between nations, aiming to ensure that trade flows smoothly, predictably, and freely.
Trade Barriers
Restrictions imposed by a government on international trade, such as tariffs, quotas, and import bans, to protect domestic industries.
Negative Balance of Trade
A situation where a country's imports of goods and services exceed its exports, resulting in a trade deficit.
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