English test Flashcards
Binding
involving any obligation that can’t be broken (VINCULANTE)
Outsorcing
going out to find the source of what you need (EXTERNACIONALIZACIÓN)
Sweatshop
a work place with unnaceptably sever conditions and usually extremely low wages (EXPLOTACIÓN LABORAL)
Borders
boundaries between countries (FRONTERAS)
Fair trade
trade in conformity with a fair-trade agreement
(COMERCIO JUSTO)
Imbalance/inequality
state or condition with different things do not occur in equal or proper amounts (DESIGUALDAD)
Which are the different levels of applicable law?
local, national and domestic
Tariff
a tax on goods coming into or leaving a country (TARIFAS/IMPUESTOS)
Interdependence
the mutual reliance between two or more groups (INTERDEPENDENCIA)
Dumping
The practice of exporting goods at a price lower than the cost of
production in order to gain an advantage over competitors in another country. (EVASION IMPUESTOS)
Free trade area
A geographic region where countries have agreed to
eliminate tariffs and other barriers to trade among themselves.
(ÁREA DE LIBRE COMERCIO)
Subsidy
Financial assistance given by a government to a business or industry to support it, often with the aim of promoting economic growth or social welfare. (SUBSIDIO)
Waiver
An official document that allows someone to be exempted from a
requirement or obligation, such as paying a fee or following a rule.
(EXCEPCIÓN)
Sources of PIL
Treaties, Customary international law and United Nations Security Council Resolutions
Accession
The act whereby a state accepts the offer or the opportunity to
become a party to a treaty already negotiated and signed by other states. It usually
occurs after the treaty has entered into force.
(ADHESIÓN)
Amendment
The formal alteration of treaty provisions affecting all the parties
to the particular agreement. (ENMIENDA)
A treaty can be…
Bilateral or Multilateral
Ratifiying
to formally approve an agreement, treaty, law, etc., by expressing
agreement, consent, or approval. (RATIFICAR)