Commercial policy

Commercial policy - A government's policy involving restrictions placed on international trade. Also called trade policy.
Commission - A payment system where employees are paid a percentage of the value of each good or service that is sold.

commercial policy
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EFTA will not adopt the EEC's Common Customs Tariff nor participate in the Common Commercial Policy or Common Agricultural Policy. EFTA nations will continue to set their own tariffs for third countries subject to GATT and OECD agreements.

Economic survival lay at the heart of America's earliest diplomatic initiatives, and thus the tariff, as an element of commercial policy, ...

The external policy is both economic and political: as for the first dimension, the scope of the common commercial policy was extended, while the political side concerned the reform of the common foreign and security policy (CFSP).

" It will be a wise and happy thing for the nation which is the first to be convinced that the secret of " success, so far as commercial policy is concerned, consists in employing all its land in the manner most profitable for the proprietary, ...

The theory of international trade and commercial policy is one of the oldest branches of economic thought.

Katrak, Homi. 1977. "Multinational Monopolies and Commercial Policy," Oxford Economic Papers 29, (July), pp. 283-291. See strategic trade policy argument for a tariff.

GATT Articles III through XXIII also contain commercial policy provisions that have been described as GATT's code of good conduct in trade matters.

This is the principal insight from the post-World War II theory of commercial policy: it significantly narrows the rationale for protectionism and has revolutionized the conventional understanding of the relative merits of free trade and ...

See also: Population, Free trade, Tariff, Expense, Integration