Examlex
Though OD is a dynamic discipline,the boundaries between what is and what is not an OD intervention are clear to OD practitioners.
Protective Tariff
A tax imposed on imports with the intention of shielding domestic industries from foreign competition by making imported goods more expensive compared to local products.
Freer Trade
describes the reduction of tariffs, quotas, and regulations to allow goods and services to move more easily between countries.
Multinational Treaty
An agreement that is signed by multiple countries, establishing rights and obligations between the parties.
Patent Protection
Legal rights granted to inventors to exclusively make, use, or sell their inventions for a certain period, preventing others from doing so.
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