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Trade Act of 1974 |
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Trade Act of 1974Actually signed on Jan. 3, 1975, this major piece of trade legislation not only renewed and revised the authority to negotiate trade agreements, it also dealt with an expanded list of issues including tariff preferences, unfair trade, the escape clause, and adjustment assistance, and it introduced fast track authority.Similar MatchesTrade-related investment measureTrade-related investment measureAny policy applied to foreign direct investment that has an impact on international trade, such as an export requirement. The Uruguay Round included negotiations on TRIMs. Trade sanctionTrade sanctionUse of a trade policy as a sanction, most commonly an embargo imposed against a country for violating human rights. Trade weight value of the dollarTrade weight value of the dollarThe value of the dollar pegged to, a market basket of selected foreign currencies. The Federal Reserve calculates a trade-weighted value of the dollar based on the weighted-average exchange value of the dollar against the currencies of 10 industrial countries. New Trade TheoryNew Trade TheoryModels of trade that, especially in the 1980s, incorporated aspects of imperfect competition, increasing returns, and product differentiation into both general equilibrium and partial equilibrium models of trade and trade policy. Many contributed to this literature, but the most prominent was Krugman, starting with Krugman (1979). Dynamic gains from tradeDynamic gains from tradeThe hoped-for benefits from trade that accrue over time, in addition to the conventional static gains from trade of trade theory. Sources of these gains are not well understood or documented, although there exist a variety of possible theoretical reasons for them and some empirical evidence that countries have benefited more than the static gains alone would suggest. Further SuggestionsLatin American Free Trade AssociationApproved tradesmen Trade and Wages Debate Countertrade Dividend trade roll or play Trade on the wire Free to trade Publicly traded assets late reported trade trader's remorse Trade reporting Trademark Trades by appointment Domestic trade Improve the terms of trade Balance of trade Trade-weighted exchange rate Free trade zone Trade deficit General Agreement on Tariffs and Trade Free trade association Trade triangle Direction of trade Frictionless trade cross trade |
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