I 'll list below the most common Trade Acronyms or Abreviations used in Business
AD: Antidumping; In economics, "dumping" can refer to any kind of predatory pricing. However, the word is now generally used only in the context of international trade law, where dumping is defined as the act of a manufacturer in one country exporting a product to another country at a price which is either below the price it charges in its home market or is below its costs of production.
AGOA: African Growth and Opportunity Act; In May 2000, the U.S. Congress approved legislation known as the African Growth and Opportunity Act, or AGOA.The purpose of this legislation was to assist the economies of sub-Saharan Africa and to improve economic relations between the United States and the region.
APEC: Asia Pacific Economic Cooperation; Established in 1989 in response to the growing interdependence of Asia-Pacific economies and the advent of regional economic blocs (such as the European Union and the North American Free Trade Area) in other parts of the world, Asia-Pacific Economic Cooperation (APEC) is a forum for 21 Pacific Rim countries (styled "Member Economies") that seeks to promote free trade and economic cooperation throughout the Asia-Pacific region.
ASEAN: Association of Southeast Asian Nations; is a geo-political and economic organization of 10 countries located in Southeast Asia, which was formed on 8 August 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since then, membership has expanded to include Brunei, Burma (Myanmar), Cambodia, Laos, and Vietnam. Its aims include the acceleration of economic growth, social progress, cultural development among its members, the protection of the peace and stability of the region, and to provide opportunities for member countries to discuss differences peacefully.
ATC: Agreement on Textiles and Clothing; also known as the Multi Fibre Arrangement, governed the world trade in textiles and garments from 1974 through 2004
ATPA: Andean Trade Preference Act; is a trade preference system by which the United States grants duty-free access to a wide range of exports from four Andean countries: Bolivia, Colombia, Ecuador, and Peru. It was enacted on October 31, 2002 as a replacement for the similar Andean Trade Preference Act (ATPA). The purpose of this preference system is to foster economic development in the Andean countries to provide alternatives to cocaine production.
ATPDEA: Andean Trade Promotion & Drug Eradication Act (same as ATPA
BIT: Bilateral Investment Treaty; is an agreement establishing the terms and conditions for private investment by nationals and companies of one state in another state. This type of investment is called foreign direct investment (FDI). BITs are established through trade pacts. A nineteenth-century forerunner of the BIT is the friendship, commerce, and navigation treaty .
BOP: Balance of Payments; A balance of payments (BOP) sheet is an accounting record of all monetary transactions between a country and the rest of the world. These transactions include payments for the country's exports and imports of goods, services, and financial capital, as well as financial transfers. The BOP summarises international transactions for a specific period, usually a year, and is prepared in a single currency, typically the domestic currency for the country concerned. Sources of funds for a nation, such as exports or the receipts of loans and investments, are recorded as positive or surplus items. Uses of funds, such as for imports or to invest in foreign countries, are recorded as a negative or deficit item.
CACM: Central American Common Market; is the economic, cultural and political organization of Central American states since February 1st, 1993. It was in December 13, 1991, however, when all the countries of the ODECA (Spanish: Organización de Estados Centroamericanos; ODECA) signed the Protocol of Tegucigalpa which extended the earlier cooperation in search for regional peace, political freedom, democracy and economic development. The headquarters of the General Secretariat of SICA is in the Republic of El Salvador.
CAFTA: Central American Free Trade Area; commonly called DR-CAFTA, is a free trade agreement (legally a treaty under international law, but not under US law). Originally, the agreement encompassed the United States and the Central American countries of Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua, and was called CAFTA. In 2004, the Dominican Republic joined the negotiations, and the agreement was renamed DR-CAFTA.
CARICOM: Caribbean Common Market is an organization of 15 Caribbean nations and dependencies. CARICOM's main purposes are to promote economic integration and cooperation among its members, to ensure that the benefits of integration are equitably shared, and to coordinate foreign policy
The CARICOM Single Market and Economy also known as the Caribbean Single Market and Economy or CSME is an integrated development strategy envisioned at the 10th Meeting of the Conference of Heads of Government of the Caribbean Community which took place in July 1989 in Grand Anse, Grenada
CBERA: Caribbean Basin Economic Recovery Act; authorized unilateral preferential trade and tax benefits for eligible Caribbean countries, including duty-free treatment of eligible products. Often referred to as the Caribbean Basin Initiative (CBI).
CBI: CaribbeanBasin Initiative (Same as CBERA
To be continued ...