Trade Balance
/ˈtreɪd ˈbæl.əns/
Definitions
- (n.) The difference in value between a country's exports and imports of goods and services over a specific period, reflecting economic position in international trade law and policy.
The trade balance is crucial in assessing a nation's economic health under international trade agreements.
Forms
- trade balance
Related terms
See also
Commentary
In legal contexts, trade balance figures influence the negotiation and enforcement of trade treaties and sanctions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.