Across
- 5. A 1965 agreement between Canada and the USA to eliminate tariffs on auto parts and automobiles.
- 7. A policy of tariff protection for Canadian industry, linked to railroad building and western settlement, was launched by the conservative government of Sir John A. Macdonald in1879.
- 8. Services, tourism, investment income, and other transfers; also called invisible trade.
- 10. The creation of a world economy caused by increased international trade, investment flows, and the spread of multinational corporations.
- 11. The 1989 agreement reached between Canada and the USA to phase out trade restrictions, establish mechanisms to settle trade disputes, relax
- 14. An action taken by one nation against another for some political purpose to prevent import or export of goods.
- 16. Regional trade agreements, such as NAFTA and those of the European Union , negotiated outside the World Trade Organization.
- 17. A free trade agreement between British North American and the US, lasting from 1854 to 1866.
- 19. The successor( as of 1995) to the General Agreement on Tariffs and Trade (GATT); the WTO has expanded and strengthened the procedures for reducing trade barriers.
- 20. The 1947 agreement reached by major trading nations for the gradual reduction of tariff over time; replaced in 1995 by the World Trade Organization.
- 21. The advantage that one nation or area has over another in the way it uses its resources.
- 22. The difference between a nation’s merchandise exports and imports.
- 25. Extension of a free trade agreement among members to include a common policy on trade restrictions on non-members.
- 26. The capacity of one economy to produce a good or service with comparatively fewer resources than another.
- 27. The strongest form of free trade agreement, which includes free movement of labour and capital among members, tariff-free movement of goods, and a common policy on trade restrictions against non-members.
Down
- 1. The capacity of one economy to produce a good or service with fewer resources than another.
- 2. Pertaining to many nations,as an agreement reached among many countries. bilateral, Involving two nations, as in an agreement reached between two nations.
- 3. The natural advantages, in terms of resources, that one nation or area has compared to another.
- 4. A restriction placed on the amount of product that domestic producers are allowed to produce; also a limit one the total quantity of goods imported into a country. merchandisetrade, Tangible goods that are grown, extracted, or manufactured; also called visible trade.
- 6. Action taken by one nation without regard for its effects on other nations. WTODisputeSettlementBody , A mechanism for settling a trade dispute between two or more nations; it involves setting up expert panels to arrive at a decision.
- 9. An agreement between two or more nations to eliminate tariffs between them while retaining the right to impose tariffs upon non-members. NorthAmericanFreeTradeAgreement, The 1994 free trade agreement among Canada, the United States, and Mexico.
- 12. The rate at which a country’s exports are exchanged for its imports. dumping, The deliberate practice of selling a product internationally at a price lower than it’s domestic price.
- 13. The imposition of political, economic, or legal influence by one nation over another that is seen to infringe upon its sovereignty; charged by Canadians against the US from time to time.
- 15. Restrictions on trade with one country levied by another for some political purpose.
- 18. rules, and settle other trade issues; it became part of NAFTA in 1994.
- 23. The 15-member European common market, the largest in the world, which introduced its own currency, the euro, in 1999.
- 24. A payment made by a government to a producer to achieve some desired outcome, such as installing pollution control equipment.
- 28. A tax on an import levied by a nation; also called custom duty.