Title English:
trade creation
Definition English:
An effect of the formation of an international unrestricted trading zone which results in the redirection of the flow of goods and services to a country that replaces local production. Trade creation usually results in reduced costs for consumers located in the importing region, although this can also put local producers out of business.
Title Arabic:
تجارة جديدة
Domain:
Economic Development
Subject:
Trade Statistics
InformationType:
Term
SourceSymbol:
language staff
Link: