Encyclopedia > Trade pact

  Article Content

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:

All Wikipedia text is available under the terms of the GNU Free Documentation License

  Search Encyclopedia

Search over one million articles, find something about almost anything!
  Featured Article
Charles V, Holy Roman Emperor

... of the Holy Roman Empire. He also attacked the Schmalkaldic League in 1546 and defeated John Frederick I[?] of Saxony and imprisoned Philip of Hesse[?] in 1547. At the ...

This page was created in 24.8 ms