International Trade Terms

http://www.ntia.doc.gov/lexcon.txt

National Trade Data BankITEM ID : OA LEXCON ALLDATE : Sep 1, 1995 AGENCY : USDOC, OFFICE OF ADMINISTRATIONPROGRAM : A COMPREHENSIVE GUIDE TO INTERNATIONAL TRADE TERMSTITLE : Comprehensive Guide to International Trade Terms (complete text)Program key : OA LEXCON Update sched.

: Occasionally End year : 1994Date of record : 19940323o

Absorption -Absorption is investment and consumption purhases by households, businesses, and governments, both domestic and imported. When absorption exceeds production, the excess is the country's current account deficit.

o Abu Dhabi Fund for Arab Economic DevelopmentADFAED promotes economic and social development in African, Arab, and Asiandeveloping countries. The Fund, which was created in July 1971, beganoperations in September 1974; headquarters are in Abu Dhabi, United ArabEmirates.o AccessionAccession is the process by which a country becomes a member of aninternational agreement, such as the General Agreement on Tariffs and Trade(GATT) or the European Community. Accession to the GATT involvesnegotiations to determine the specific obligations a nonmember country mustundertake before it will be entitled to full GATT membership benefits.o AccordSee: International Agreements.o Administrative Exception NotesCoCom controls exports at three levels, depending on the item and theproposed destination. At the lowest level, "national discretion" (alsocalled "administrative exception"), a member nation may approve the exporton its own, but CoCom must be notified after the fact. Administrative exception notes are appended to list categories to describe commoditiesthat can be approved solely at national discretion.o Administrative NotesSee: Administrative Exception Notes.

o Administrative Protective OrderAn Administrative Protective Order, APO, is used to protect proprietarydata that is obtained during an administrative proceeding. WithinCommerce, APO is most frequently used in connection with Antidumping andCountervailing Duty investigations to prohibit opposing counsel fromreleasing data. The term is also applied in connection with civilenforcement of export control laws to protect against the disclosure ofsensitive national security information and information provided bycompanies being investigated for violations.

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