trade dispute

Definitions

Economics

  • Any disagreement between nations involving their international trade or trade policies. Today, most such disputes appear as cases before the WTO dispute settlement mechanism, but prior to the WTO, some were handled by the GATT while others were dealt with bilaterally, sometimes precipitating trade wars.

Human Resources

  • noun a dispute between employers and employees or between the groups that represent them

Law

  • noun an international dispute over trade matters
  • noun a dispute between management and workers over conditions of employment or union membership
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