Examlex
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Current Account
A component of a country's balance of payments that includes the trade balance, net primary income, and net secondary income transactions with the rest of the world.
Balance of Trade
The net difference in value between a country's exports and imports over a certain period.
Free Trade
An economic policy that allows imports and exports between countries with few or no tariffs, quotas, or prohibitions.
Bilateral Trade Agreement
A trade pact between two countries to facilitate trading and commerce, reducing tariffs and other trade barriers to mutually benefit the economies of the two nations.
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