International Economics

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currency rate
sākt mācīties
a country's currency value in relation to foreign currency
Currency rate may decide on country's international trade profitability.
commodity
sākt mācīties
a good or material that can be sold as an article of commerce
There are many international commodity markets.
cartel
sākt mācīties
a group of large producers that unite to protect their interests on the market
OPEC is probably the best-known international cartel in the world.
national treatment principle
sākt mācīties
principle stating that all economic privileges should apply equally to country's citizens and foreigners
National treatment principle constitutes important part of WTO agreements.
import quota
sākt mācīties
maximum amount of good or goods that can be imported
Trump's administration will consider setting up new import quotas.
to subsidize
sākt mācīties
to support domestic production to make it more competitive
Government considers subsidizing agricultural sector to help it fight with foreign companies.
trade war
sākt mācīties
state of hostile economic behaviour of the partners who mutually impose on themselves trade restrictions
Donald Trump has started a trade war with China.
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