by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the General Agreement On Tariffs And Trade (GATT)?The General Agreement on Tariffs and Trade (GATT) is a multilateral trade agreement signed by 23 countries for promoting international free trade. The Council for Trade in Goods (Goods Council), a sub-group in...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Group Of Seven (G-7)?The group of seven, also known as the G-7, is a forum formed by the seven most economically-advanced nations of the world. The group was formed in 1975, comprising six countries namely Germany, France, United States, Italy, United...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is Keiretsu?Keiretsu is a Japanese word referring to the modern formation of major firms in Japan. These are generally businesses that acquire stock and merge with other firms to conduct the same projects.Prior to WWII, major firms in Japan were managed by...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is a Customs Union?The customs unions is an essential part of many state’s trade associations. By definition, this is a form of trade agreements that bind two or more countries. It generally means that the parties decide not to impose various tariffs such...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the International Trade Administration (ITA)?The International Trade Administration (ITA) is an agency in the Department of Commerce that promotes the export non-agricultural products and services. It provides information necessary to make global markets...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the International Organization for Standardization?The International Organization for Standardization (ISO) is an international organization that develops and publishes international business standards. These standards are incorporated by businesses throughout...
