Trade pact


Trade pact

A trade pact is a wide ranging tax, tariff and trade pact that often includes investment guarantees. Trade pacts are frequently politically contentious since they may change economic customs and deepen interdependence with trade partners. Increasing efficiency through "free trade" is a common goal. The anti-globalization movement opposes such agreements almost by definition, but some groups normally allied within that movement, e.g. green parties, seek fair trade or safe trade provisions that moderate what they perceive to be the ill effects of globalization.

The resulting level of economic integration depends on the specific type of trade pact:

* Trade and Investment Framework Agreement (TIFA)
* Bilateral Investment Treaty (BIT)
* Preferential Trade Arrangement (PTA)
* Free Trade Area, established through a Free Trade Agreement (FTA)
* Customs union, Common market, Regional trade agreement, Currency union or Economic and monetary union
* Trade bloc (consisting of multiple of the above policies)
* Special agreements (World Trade Organization treaty, the now defunct Multilateral Agreement on Investment, the Textile Agreement in the WTO framework, etc.)

ee also

*List of international trade topics
*List of free trade agreements
*List of trade blocs
*Trade creation


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • trade pact — trade pact, = trade agreement. (Cf. ↑trade agreement) …   Useful english dictionary

  • pact — [pækt] noun [countable] a formal agreement between two countries, companies, groups of people etc, promising to do something for each other or help each other in some way: • Workers at the factoryratified a three year pact (= made it official )… …   Financial and business terms

  • pact — 01. The U.S. and Russia have signed a [pact] agreeing to destroy the majority of their nuclear weapons over the next 20 years. 02. The Prime Minister signed a non aggression [pact] with Germany. 03. The children made a [pact] together to never… …   Grammatical examples in English

  • pact — n. 1) to agree to, make; sign a pact 2) to denounce a pact 3) a formal; informal pact 4) a defense; mutual assistance; nonaggression; trade pact 5) a pact to + inf. (we had a pact not to reveal the facts of the case) 6) a pact that + clause (the… …   Combinatory dictionary

  • Trade bloc — A trade bloc is a large free trade area formed by one or more tax, tariff and trade agreements. Typically trade pacts that define such a bloc specify formal adjudication bodies, e.g., North American Free Trade Agreement (NAFTA) trade panels. This …   Wikipedia

  • Pact — For other uses, see Pact (disambiguation). A pact, from Latin pactum ( something agreed upon ), is a formal agreement. In international relations, pacts are usually between two or more sovereign states. In domestic politics, pacts are usually… …   Wikipedia

  • Trade — This article is about the economic mechanism. For other uses, see Trade (disambiguation). Purchase redirects here. For other uses, see Purchase (disambiguation) Trader in Germany, 16th century …   Wikipedia

  • Trade and Investment Framework Agreement — A Trade and Investment Framework Agreement (or TIFA) is a trade pact which establishes a framework for expanding trade and resolving outstanding disputes between countries.TIFAs are often seen as an important step towards establishing Free Trade… …   Wikipedia

  • pact — noun ADJECTIVE ▪ bilateral, mutual ▪ defence/defense, security ▪ non aggression, peace ▪ stability …   Collocations dictionary

  • trade — {{Roman}}I.{{/Roman}} noun 1 buying/selling of goods/services ADJECTIVE ▪ booming, brisk, burgeoning, expanding, flourishing, lively, roaring, thriving ▪ …   Collocations dictionary


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.