Trade Disputes

Definition

Trade disputes refer to conflicts or disagreements between nations regarding various aspects of international trade such as tariffs, quotas, subsidies, intellectual property rights, or market access. These disputes often arise when one country perceives another's actions as unfair or damaging to its own economy.

Related terms

Tariffs: Taxes imposed on imported goods with the purpose of protecting domestic industries or raising revenue for governments.

Free Trade Agreement (FTA): A pact between two or more countries that aims to reduce barriers to trade such as tariffs or import quotas in order to promote economic integration.

Dumping: The practice of selling goods in another country at prices below their production cost, often leading to unfair competition and trade disputes.