Examlex
The act of determining the organisation's goals and the means for achieving them is referred to as ____________________.
General Agreement on Tariffs and Trade
An international treaty that was aimed at reducing tariffs and other trade barriers to promote international trade; it was the precursor to the WTO.
Trade Restrictions
Measures imposed by governments to limit or control international trade, such as tariffs, quotas, and embargoes.
Retaliation
Actions taken in response to an offense or wrongdoing, often seen in international trade policies as countermeasures to tariffs.
Trade War
A situation where countries impose tariffs or other trade barriers against each other in response to disputes, which can lead to decreased international trade.
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