trade diversion

Definition

Economics

• noun the reduction in international trade with a country which is not a member of a group, caused when tariff barriers are reduced between members of the group and this has the effect of creating more trade within the group

Nearby Definitions of “trade diversion”

• Trade Descriptions Act
• trade directory
• trade discount
• trade dispute
• trade distortion
• trade diversion
• trade facilitation
• trade fair
• trade-in price
• trade in services
• trade indicator

Contexts for “trade diversion”

1 definition in context
• Economics