International trade

The World Trade Organisation was born to follow the General Agreement of Tariffs and Trade

International trade means access to ___________ for businesses.

An embargo usually happens for __________ reasons.

One of the aims of the World Bank is _________________________ poorer countries.

MERCOSUR is the major trading bloc in Asia.

International trade leads to a wider ________ choice.

South Africa is the most recent country of the BRICS group.

The countries in the USMCA are _________ .

The EU was awarded the _________ in 2012.

Mature markets are characterised by an increase in population.

International trade allows businesses to buy and sell in _______________ .

Visible trade is the importing/exporting of goods, invisible trade is the importing/exporting of services.

Capital movements are part of the Balance of Trade.

Balance of Trade is a key component of a country's Balance of __________ .

Subsidies include tax credits and free loans.

One of the characteristics of emerging markets is __________ .

The EU was renamed EU in 1992 after the _________ Treaty.

The acronym IMF stands for _______ Monetary Fund.

Russia's economy has been negatively impacted by political conflicts and trade sanctions.

Rich countries export mainly primary goods to poor countries.

EMEs usually have higher-than-average per capita income.

International trade often implies a dependence on ____________________ .

All EU countries use the same ________ .

Protectionism facilitates free trade.

The term BRICS was coined in 2001 by __________ .