Trade diversion is an economic term related to international economics in which trade is diverted from a more efficient exporter towards a less efficient...

high-cost producer to a low-cost one, and trade will thus expand. In contrast, trade diversion will lead to trade shifting from a lower-cost producer outside...

jurisdiction in a given case". Trade diversion and trade creation In general, trade diversion means that a free trade area would divert trade away from more efficient...

application of free trade agreements to some countries and tariffs on others can lead to economic inefficiency through the process of trade diversion. It is efficient...

firstly brought into discussion by Jacob Viner (1950), together with the trade diversion effect. In the former case after the formation of economic union, the...

Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network...

International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods...

called "smart sanctions". Prominent forms of economic sanctions include trade barriers, asset freezes, travel bans, arms embargoes, and restrictions on...

Trade barriers are government-induced restrictions on international trade. According to the theory of comparative advantage, trade barriers are detrimental...

countries, leaving the United States' overall trade deficit largely unchanged – a phenomenon known as trade diversion. Donald Trump's first noted advocacy for...

A preferential trade area (also preferential trade agreement, PTA) is a trading bloc that gives preferential access to certain products from the participating...

A trade war is an economic conflict often resulting from extreme protectionism in which states raise or create tariffs or other trade barriers against...

integration was laid out by Jacob Viner (1950) who defined the trade creation and trade diversion effects, the terms introduced for the change of interregional...

bilateral and multilateral trade agreements with many nations and international organizations. It is a member of the World Trade Organization, part of the...

A trade agreement (also known as trade pact) is a wide-ranging taxes, tariff and trade treaty that often includes investment guarantees. It exists when...

An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national...

agreements like the FTA will lead to trade creation between the parties directly involved, but will also cause trade diversion from third countries, offsetting...

static effects and dynamic effects. There are trade creation effects and trade diversion effects. The trade creation effect refers to the benefits generated...

Since the end of apartheid, foreign trade in South Africa has increased, following the lifting of several sanctions and boycotts which were imposed as...

Foreign trade in India includes all imports and exports to and from India. At the level of the Central Government, trade is administered by the Ministry...

Non-tariff barriers to trade (NTBs; also called non-tariff measures, NTMs) are trade barriers that restrict imports or exports of goods or services through...

"Determinants of AFTA Members' Trade Flows and Potential for Trade Diversion" (PDF). Asia-Pacific Research and Training Network on Trade Working Paper Series....

supply Trade policy Balance of trade Free trade Gains from trade Non-tariff barrier Protectionism Tariff Trade bloc Trade creation Trade diversion Trade /...

supply Trade policy Balance of trade Free trade Gains from trade Non-tariff barrier Protectionism Tariff Trade bloc Trade creation Trade diversion Trade /...

50% of its imports were traded with the United States and Canada. Nonetheless, NAFTA has not produced trade diversion. While trade with the United States...

Tobin tax Trade Trade barrier Trade bloc Trade facilitation Trade Facilitation and Development Trade finance Trade pact Trade sanctions Trade war Transfer...

supply Trade policy Balance of trade Free trade Gains from trade Non-tariff barrier Protectionism Tariff Trade bloc Trade creation Trade diversion Trade /...

Mesopotamia, Egypt and Rome, government revenue came primarily from taxes on trade and agriculture. In the ancient Mesopotamia, as they lacked a currency system...

balanced budget decreases interest rates, increases investment, shrinks trade deficits and helps the economy grow faster in the longer term. Other economists...

policy (also referred to as a trade policy or international trade policy) is a government's policy governing international trade. Commercial policy is an all...