WTO Glossary


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See Deardorff's Glossary of International Economics.


GATT General Agreement on Trade and Tariffs (GATT)
NTB Non-Tariff-Barrier (to trade). For example regulations or laws that discriminate against foreign trade.
Pareto Efficiency Means the same as Pareto Optimal=A situation in which no Pareto-improving change is possible (pareto-improving=Making no one worse off and making at least one person better off). (Taken from Deardorff's glossary - see link at top of page).






Created 20/01/2002
Last updated 01/04/2002
Copyright 2002 T Mackay