International Market/ Free Trade

organization formed in 1995 to set rules on international trade

• Laissez-faire

• Subsidy

• WTO

• Trading bloc

money that you pay to the government

• Tariff

• Tax

• Subsidy

• Customs

government department responsible for collecting taxes on goods

• Quota

• Laissez-faire

• Trading bloc

• Customs

to make rules on something less strict

• Break into

• Liberalize

• Carry out

• Laissez-faire

a tax on goods

• Tariff

• Customs

• Quota

• Restriction

selling products cheaply in an export market

• Subsidy

• Deregulation

• Dumping

• Trading bloc

to do something that needs to be organized and planned

• Carry out

• Break into

• Deregulation

• Restriction

rules and law that make trade more difficult

• Quota

• Customs

• WTO

• Restriction

a type of intergovernmental agreement where barriers to trade are reduced or eliminated among the participating states

• Deregulation

• Trading bloc

• WTO

• Regulations

money that is paid by a government to make something such as food or product cheaper to buy

• Laissez-faire

• Liberalize

• Subsidy

• Tax