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Glossary

ACAA

Agreement on Conformity Assessment and Acceptance of Industrial Products

Agreement on Conformity Assessment and Acceptance of Industrial Products (ACAA)

A type of mutual recognition agreement, based on the promise that a third country adopts part of the EU acquis and adopts its quality infrastructure in order to implement it, in return for access to the Single Market for the products covered.

AQSIQ

General Administration of Quality Supervision, Inspection and Quarantine of the People's Republic of China

ASEAN

Association of South-East Asian Nations

Candidate country (CC)

Countries which have been confirmed by the European Council as a candidate to accede to the European Union, once the accession negotiations have been successfully completed. CC's are Turkey, Croatia and the former Yugoslav Republic of Macedonia. With the latter country, negotiations have not yet been started.

CC

Candidate Country

CES

Common Economic Space between the EU and Russia

CII

Confederation of Indian Industry

CIP

Competitiveness and Innovation Framework Programme

Common Economic Space (CES)

The current framework for EU-Russia relations is a Partnership and Cooperation Agreement (PCA), which was enhanced by the creation of roadmaps for 4 Common Spaces in 2005. The Common Economic Space covers trade and economic relations.

DFAIT

Department of Foreign Affairs and International Trade of Canada

Doha Round

The Doha Round (also named the Doha Development Agenda) of world trade negotiations was launched in Doha (Qatar) in November 2001. The agenda of the Doha Round is specifically targeted at addressing the needs of developing countries. The focus of negotiations has been on reforming agricultural subsidies, improving access to global markets and ensuring that new liberalisation in the global economy respects the need for sustainable economic growth in developing countries.

You will find more information on the Doha round on the World Trade Organization official website.

EBTC

European Business and Technology Centre in Delhi

ECSE

European Charter for Small Enterprises

EFTA

European Free Trade Association

EIB

European Investment Bank

EICC

Europe-India Chamber of Commerce

EIP

Entrepreneurship and Innovation Programme

ENP

European Neighbourhood Policy

ETF

European Training Foundation

ETUF/TCL

European Trade Union Federation: Textiles, clothing and leather

EUIBD

EU-Israel Business Dialogue

EUJBRT

EU-Japan Business Round Table

European Neighbourhood Policy (ENP)

The European Union's policy for relations with third countries on its borders, including those bordering the Mediterranean Sea, and those to the East.

FEMIP

Facility for Euro-Mediterranean Investment and Partnership

FICCI

Federation of Indian Chambers of Commerce and Industry

FTA

Free Trade Agreement

GATT

General Agreement on Tariffs and Trade

GSP

General System of Preferences

IRT

EU-Russia Industrialists Round Table

MEBF

MERCOSUR-Europe Business Forum

METI

Japanese Ministry of Economy, Trade and Industry

NDRC

Chinese National Development and Reform Commission

NIF

Neighbourhood Investment Facility

Non tariff barriers

Non trade barriers are measures other than high import duties (tariffs) employed to restrict imports.

You will find more information on non tariff barriers on the World Trade Organization official website.

OECD

Organisation of Ecomonic Cooperation and Development

OMB

Office of Management and Budget in the USA

PCA

Partnership and Cooperation Agreement

PCC

Potential Candidate Country

Potential candidate country (PCC)

Countries whose European perspectives have been confirmed and which are part of the EC's pre-accession strategy, but who have not yet been given formal candidate status. The PCC's are Serbia, Montenegro, Bosnia and Herzegovina and Albania. Kosovo/UNSCR 1244 is also included in this pre-accession strategy.

SAA

Stabilisation and Association Agreement

SME

According to Article 2 of the Annex to Recommendation 2003/361/EC, the category of micro, small and medium-sized enterprises (SMEs) is made up of enterprises which employ fewer than 250 persons and which have an annual turnover not exceeding €50 million, and/or an annual balance sheet total not exceeding €43 million (see: SME definition). SMEs are the backbone of the EU economy - they represent 99% of all enterprises in the EU. Some 23 million SMEs provide around 75 million jobs.

SPS

Agreements on sanitary and phytosanitary measures

TABD

Transatlantic Business Dialogue

TBT

Technical Barriers to Trade

TDCA

Trade, Development and Co-operation Agreement between the EU and South Africa

TDI

Trade Defence Instruments

TEC

Transatlantic Economic Council

TIEA

Trade and Investment Enhancement Agreement

TLD

Transatlantic Legislators' Dialogue

TREATI

Trans-Regional EU-ASEAN Trade Initiative

UNCTAD

United Nations Conference on Trade and Development

UNECE

United Nations Economic Commission for Europe

WTO (OMC)

World Trade Organisation

(Organisation Mondiale du Commerce)

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