Trade agreementA trade agreement (also known as trade pact) is a wide-ranging taxes, tariff and trade treaty that often includes investment guarantees. It exists when two or more countries agree on terms that help them trade with each other. The most common trade agreements are of the preferential and free trade types, which are concluded in order to reduce (or eliminate) tariffs, quotas and other trade restrictions on items traded between the signatories.
Accord de libre-échangeUn accord de libre-échange ou traité de libre-échange est un accord international passé entre deux ou plusieurs États pour favoriser le commerce international, en général en diminuant les taxes et les contrôles douaniers et en supprimant les réglementations nationales susceptibles de gêner l'importation des biens, des services, de la main-d’œuvre et des capitaux étrangers. La signature d'un accord de libre-échange donne naissance à une zone de libre-échange.
Export-oriented industrializationExport-oriented industrialization (EOI), sometimes called export substitution industrialization (ESI), export-led industrialization (ELI), or export-led growth, is a trade and economic policy aiming to speed up the industrialization process of a country by exporting goods for which the nation has a comparative advantage. Export-led growth implies opening domestic markets to foreign competition in exchange for market access in other countries.
