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Discuss long-term performance plans for managerial personnel.
Free-Trade Policies
Economic policies that allow imports and exports to occur without restrictive tariffs, quotas, or other barriers to trade.
Protection
The practice of shielding a sector of the economy from foreign competition.
General Agreement on Tariffs and Trade
An international treaty aimed at promoting international trade by reducing or eliminating trade barriers such as tariffs and quotas; it was replaced by the World Trade Organization (WTO) in 1995.
Voluntary Export Restraint
A self-imposed limitation by exporting countries on the volume of their exports of a particular good.
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