||The General Agreement on Trade in Services
is one of 28 free trade agreements of the World Trade
Organization and it sets the rules for trade and investment
in services. Services are estimated to represent 60
- 80% of GDP of WTO member countries. GATS covers
160 service sectors such as road building, water delivery,
education, health care, telecommunications, tourism,
postal delivery, social security, a variety of municipal
services, and insurance. The scope of the agreement
is very broad potentially covering government regulation
of trade in services, and potentially covering government
services at all levels of governments.
|Gatt General Agreement on Tariffs and Trade
||A multilateral treaty intended to help reduce trade
barriers between signatory countries and to promote
trade through tariff concessions.
| General Average
|| Loss which is the result of a sacrifice voluntarily
made or an expense incurred; for the sole purpose
of saving a ship and its cargo in face of a common
danger (e.g. jettison of cargo to lighten a ship in
distress). The loss is borne proportionately by ship
and cargo owners according to their respective interests
in the voyage.
| General Export License
|| Any of various export licenses covering export
commodities for which Individually validated export
licenses are not required. No formal application or
written authorization is needed to ship exports under
a general export license.
||Limited Value (Glv) Authorization to export a limited
value amount of a good without specific documentary
|| A Customs term by which if proper entry has not
been made for merchandise within five working days
after arrival in a port of entry, the goods are sent
to a general order warehouse. All costs are charged
to the importer.
||The term frequently used to identify a trend toward
increased flow of goods, services, money, and ideas
across national borders and the subsequent integration
of the global economy. However, the term is also used
to refer to a deliberate project led by powerful institutions,
people, and countries like the United States to apply
a single template of economic strategy and policy-"market
fundamentalism"-to all countries and all situations.
||Policies Rules utilized by governments for purchasing
of goods and services. Such rules are often used as
a way to promote important public policy goals such
as consumer protection, economic development, environmental
protection, public health, and gender and racial equality.
|| A corporation to which the privilege of establishing,
operating, and maintaining a foreign-trade zone has
been granted by the Foreign-Trade Zones Board.
| Gross Weight
|| The full weight of a shipment, including goods