Glossary of Export Import Trade Terms Starting with - G |
Words |
Description |
G-7 |
A formal organization of seven highly industrialized democracies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
|
G-8 |
The G-7 countries plus Russia.
|
General Agreement on Tariffs and Trade (GATT) |
A post-World War II agreement designed to promote freer international
trade among the nations of the world. The GATT was replaced by the
World Trade Organization (WTO) in 1994.
|
Generally Accepted Accounting Principles (GAAP) |
A common set of accounting concepts, standards, and procedures by which financial statements are prepared.
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