General Agreement on Trade in Services
General Agreement on Trade in ServicesThe agreement, negotiated in the Uruguay Round that brings international trade in services into the WTO. It provides for countries to provide national treatment to foreign service providers and for them to select and negotiate the service sectors to be covered under GATS.
Plurilateral agreementPlurilateral agreement
The plurilateral agreements of the WTO contrast with the larger multilateral agreements in that the former are signed onto by only those member countries that choose to do so, while all members are party to the multilateral agreements.
Reciprocal trade agreementReciprocal trade agreement
Agreement between two countries to open their markets to each other's exports, usually by each reducing tariffs. Early trade rounds under the GATT consisted mostly of reciprocal trade agreements, extended to other contracting parties by the MFN requirement.
Multilateral agreementMultilateral agreement
An agreement among a large number of countries.
Knock for knock agreementKnock for knock agreement
Although it currently rarely applies, this is a motor insurance term describing an agreement between insurance companies where each pays the claims of its own clients following an accident. This principle applies irrespective of blame and seeks to save time and expense. One of the parties involved in such circumstances may however seek to sue the other and if successful may claim from the other's insurers.
Schengen AgreementSchengen Agreement
An agreement (later, convention) signed in 1985 to remove all frontier controls and permit free movement of persons between the participating countries. In 1999 it was incorporated into the European Union. Currently (2001), the participants include all EU countries except Ireland and the U.K., plus Iceland and Norway.
Further SuggestionsFranchise agreement
Fiscal agency agreement
General Agreement on Tariffs and Trade (GATT)
Tax clawback agreement
Lease purchase agreement
Agreement in principle
Revolving credit agreement
Raw material supply agreement
Selected dealer agreement
Rights Agreement (aka "Poison Pill")
Voluntary restraint agreement