Examlex
When you think about a particular concept
GATT
The General Agreement on Tariffs and Trade (GATT) was a multilateral agreement aimed at reducing global trade barriers and promoting international trade through the reduction of tariffs and other trade restrictions.
European Union
A political and economic union of 27 European countries that participate in a single market allowing free movement of goods, services, and people.
Trade Barriers
Trade Barriers are government-imposed policies or regulations that restrict international trade, often to protect domestic industries from foreign competition.
Foreign Competition
The presence of competitors from other countries in a domestic market.
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