Free trade
Free trade: in principle, the free movement across borders of goods, services, capital and people. In practice, national policy and regulatory objectives put greater or lesser constraints on the movement of each. The meaning of "free trade" itself has changed over the years. Observers have noted that in the case of American policy free trade meant a tariff under 20% in the early 19th century. By the late 19th century freetraders advocated tariff levels below 40%. By the middle of the 20th century free trade meant a tariff of less than 5%. In the case of AFTA, free trade is understood to be a tariff ranging from 0% to 5%. Under Article XXIV of the GATT, customs unions and free- trade areas have to eliminate duties and other restrictive regulations of commerce on substantially all the trade between the parties to meet the free- trade criterion. The norm there is the abolition of all tariffs between the
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
If you are the author of the text above and you not agree to share your knowledge for teaching, research, scholarship (for fair use as indicated in the United States copyrigh low) please send us an e-mail and we will remove your text quickly. Fair use is a limitation and exception to the exclusive right granted by copyright law to the author of a creative work. In United States copyright law, fair use is a doctrine that permits limited use of copyrighted material without acquiring permission from the rights holders. Examples of fair use include commentary, search engines, criticism, news reporting, research, teaching, library archiving and scholarship. It provides for the legal, unlicensed citation or incorporation of copyrighted material in another author's work under a four-factor balancing test. (source: http://en.wikipedia.org/wiki/Fair_use)
The information of medicine and health contained in the site are of a general nature and purpose which is purely informative and for this reason may not replace in any case, the council of a doctor or a qualified entity legally to the profession.
The following texts are the property of their respective authors and we thank them for giving us the opportunity to share for free to students, teachers and users of the Web their texts will used only for illustrative educational and scientific purposes only.
All the information in our site are given for nonprofit educational purposes
The information of medicine and health contained in the site are of a general nature and purpose which is purely informative and for this reason may not replace in any case, the council of a doctor or a qualified entity legally to the profession.
www.riassuntini.com