Monitoring Problems in a Way That Provides Their Timely Prevention

question 45

Short Answer

Monitoring problems in a way that provides their timely prevention rather than after the fact reaction refers to ______________.

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Definitions:

Normal Trade Relations

A GATT principle of trade law which requires that WTO member states treat like goods coming from other member states on an equal basis.

GATT

General Agreement on Tariffs and Trade, a multilateral treaty aimed at reducing global barriers to trade and promoting international commerce.

WTO

The World Trade Organization, an international body that deals with the rules of trade between nations.

NAFTA

The North American Free Trade Agreement, a treaty between the United States, Mexico, and Canada that eliminated most tariffs and trade barriers between the countries.