Carve-out

Carve-out in Global Commerce Policy

In this regard, carve-out is: an agreement among participants in negotiations to exempt for the time being a set of measures or a defined economic activity from the application of new or proposed trade rules. The entries on trade policy are here. Examples of carve-outs are the exemption from the GATS rules of bilateral aviation rights and prudential regulations applying to financial services.[1]

Carve-outin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Carve-out” entry (OAS)

See Also