Equivalence

Equivalence in Global Commerce Policy

In this regard, equivalence is: a principle set out in the WTO Agreement on the Application of Sanitary and Phytosanitary Measures. The entries on trade policy are here. It says that if an exporting country demonstrates objectively to an importing country that its sanitary and phytosanitary measures achieve the levels set by the importing country, the levels should be considered equivalent. The measures taken by the two coutries need not be identical.[1]

Equivalencein the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Equivalence” entry (OAS)

See Also