Trade Flashcards

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1
Q

free trade areas or blocs

A
  1. The EEA
  2. NAFTA
  3. GAFTA
  4. Mercosur

they have dismantled - abolished - trade barriers between their member countries, or moved towards dismantling them; these barriers include

  1. tariffs
  2. quotas
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2
Q

the EEA (Def, pl)

A

European Economic Area

(European countries); Europejski Obszar Gospodarczy

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3
Q

NAFTA

A

North American Free Trade Area

Canada, Us, Mexico

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4
Q

GAFTA

A

Greater Arab Free Trade Area

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5
Q

Mercosur

A

a groupings of South American countries

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6
Q

quotas

A

limits on the number of goods that can be imported

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7
Q

WTO

A

World Trade Organization; it’s working to remove or dismantle trade barriers and to resolve trade disputes

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8
Q

sprzedawać po zaniżonych cenach

A

dump; sell it for less than it costs to produce

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9
Q

commodities (pl)

A

towary

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10
Q

fairtrade Organizations

A

they make sure that producers and growers, often smallholders, are paid a fair price

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11
Q

smallholder

A

small farmer

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12
Q

co-operatives

A

organizations jointly owned by producers in order to sell their product without going through the usual middlemen - wholesalers (hurtownicy)

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13
Q

nadmiar

A

Glut

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