Science Fair Project Encyclopedia
Trade pact
A trade pact is a wide ranging tax, tariff and trade pact that usually also includes investment guarantees. It is necessarily a very politically contentious agreement, as it affects many prior economic customs and status relations and increases trade bloc interdependence. It usually seeks efficiency by "free trade". 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 see as ill effects of globalization.
Examples of trade pacts past and proposed:
- Multilateral Ageement on Investment (defunct)
- Free Trade Area of the Americas
- See also: List of Trade_blocks
See also
10-26-2009 08:16:03
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details