The Financial Express

Cambridge releases new edition of dictionary of trade policy terms

| Updated: November 19, 2020 09:47:00

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Cambridge releases new edition of dictionary of trade policy terms

A new edition of the Dictionary of Trade Policy Terms has been released recently by Cambridge University Press in association with the World Trade Organisation (WTO) and Centre for International Economic Studies (CIES).

Compiled, authored and edited by Walter Goode, an officer of the Australian Department of Foreign Affairs and Trade, it is the sixth edition of the dictionary with over 3,000 terms of global trade.

In the previous or fifth edition, published in 2007, there were some 2,500 entries on international trade terms explained simple language.

“Its main focus is on the multilateral trading system represented by the WTO agreements,” said a brief introductory note of the book in the WTO website.

Furthermore, it covers many of the trade-related terms used in other international organisations, such as the United Nations Conference on Trade and Development (UNCTAD), the World Intellectual Property Organization (WIPO), the UN Food and Agriculture Organization (FAO), Asia-Pacific Economic Cooperation (APEC) and the Organisation for Economic Cooperation and Development (OECD).

“The last decade has seen significant developments in areas such as trade and investment facilitation, sustainability and regional trade agreements,” said the note. “This dictionary covers the vocabulary associated with such developments as well as other emerging trade issues.”

The dictionary gives a comprehensive overview of the terms and concepts used in international trade policy and also tries to explain this vocabulary in accessible language along with examples of how the terms are used.

Cross-references will also help the readers to see the material in a broader context.

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