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.

Related Topics:
Tax, tariff and trade - Investment - Trade bloc - Free trade - Anti-globalization movement - Green Parties - Fair trade - Safe trade - Globalization

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Examples of trade pacts past and proposed:

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• Multilateral Ageement on Investment (defunct)
• Free Trade Area of the Americas
• See also: List of Trade_blocks
 
Trade pact: See also ►