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Glossary of Acronyms


A B C D E F G H I J K L M N O P Q R S T U V W

A

ABAC - APEC Business Advisory Council

ACP -  African, Caribbean and Pacific


Ad. Val -  Ad Valorem

AEM -  ASEAN Economic Ministers

AFls -  Arab Financial Institutions


AFTA -  ASEAN Free Trade Area

AIJV -  ASEAN Industrial Joint Venture

AICO -  ASEAN Industrial Cooperation

AMS -  Aggregate Measurement of Support

APEC -  Asia-Pacific Economic Cooperation


ASEAN  -  Association of South-East Asian Nations

B

BBC -   Brand-to-Brand Complementation

BIS -  Bank for International Settlements


BITR  -  Bureau of International Trade  Relations;
Bureau of Import Services (DTI)


BOO  -  Build-Operate-Own

BOP  -   Balance of Payments

BOT  -   Build-Operate-Transfer

BP  -  Basis Points

C

CAEC  -  Committee on ASEAN Economic Cooperation

CARP  -  Comprehensive Agrarian Reform Program

CCCN  -  Customs Cooperation Council Nomenclature

CCEM  -  CEPT Concessions Exchange Manuals

CD  -  Certificate of Deposit


CEPAL  -  Comision Economica Para America Latina y  el Caribe
(Economic Commission for Latin America and the Caribbean)

CEPR  -  Centre for Economic Policy Research (London)

CEPT  -  Common Effective Preferential Tariff

CFA  -  Communaute Financiere Africaine

CIS -  Commonwealth of Independent States

C.I.F.  -   Cost, Insurance and Freight

CITEM  -  Center for International Trade Expositions and Missions

CMEA  -  Council for Mutual Economic Assistance

CO -  Certificate of Origin

COTT  -  Committee on Trade and Tourism

CPIP -  Core Public Investment Program

CTC  -  Custom Tariff Classification

CTTC  -  Comprehensive Technology Transfer and Commercialization

CTE  -  Consumer Tax Equivalent

D

DA  -  Department of Agriculture

DAC  - Development  Assistance Committee (of OECD)

DAR  -  Department of Agrarian Reform

DBM  -  Department of Budget and Management

DC  - Developing Country

DECS  -  Department of Education, Culture and Sports

DENR  - Department of Environment and Natural Resources

DFA -   Department of Foreign Affairs

DMEC  -  Developed Market-Economy Country

DOH  -  Department of Health

DOLE  -  Department of Labor and Employment

DOST -  Department of Science and Technology

DPWH -  Department.of Public Works and Highways

DRF -  Debt Reduction Facility (of IDA)

DSB -  Dispute Settlement Body (of WTO)

DTI  -  Department of Trade and Industry

E

EC  -  European Community (or Communities)

ECA -  Economic Commission for Africa

ECAs - Export Credit Agencies

ECB  -  European Central Bank

ECE -  Economic Commission for Europe

ECGD  -  Export Credits Guarantee Department
(United Kingdom)

ECLAC  -  Economic Commission for Latin America and the Caribbean

ECOWAS -  Economic Community of West African States

ECU -  European Currency Unit

EEA -  European Economic Area

EEC  -  European Economic Community

EFF -  Extended Fund Facility

EFTA  -  European Free Trade Association

EMS  -  European Monetary System

EMU  -  European Monetary Union

EO -  Executive Order

EPR  -  Effective Protection Rate

ERM  -  Exchange Rate Mechanism

ESAF  -  Enhanced Structural Adjustment Facility (of IMF)

ESCAP  -  Economic and Social Commission for Asia and the Pacific

EU -  European Union

EXIM  -  Export-import Bank (United States)

F

FAO Food and agriculture Organization (of The United Nations)

FDI  -  Foreign Direct Investment

F.O.B.   -  Free on Board

FY  -  Fiscal Year

G

GATS -  General Agreement on Trade in Services

GATT  -  General Agreement on Tariffs and Trade

GDP  -  Gross Domestic Product

GFCF   -  Gross Fixed Capital Formation

GFSME - Guarantee Fund for Small and Medium Enterprises

GIR Gross International Reserves

GNP Gross National Product

GOLI  - Guarantee Opportunities for Light Industries

GPEP -  Grains Production Enhancement Program

GSE  -  Gross Subsidy Equivalent

GSP  -  Generalized System of Preferences

GVA  -  Gross Value Added

H

HCV  -  Home Consumption Value

HIPCs  -  Heavily Indebted Poor Countries

HS  -  Harmonized System

I

IBRD  - International.Bank for Reconstruction and Development (World Bank)

IBTCs -  Industry-Based Tripartite Councils

ICAO  -  International Civil Aviation Organization

IDA -  International  Development Association

IFAD  -  International Fund for Agricultural Development

IFC  -  International FinanceCorporation

ILSS  -  Institute of International and Strategic Studies

ILO  -  lnternational Labour Organization

IMF -  International Monetary Fund

IOSCO  -  International  Organization of Securities Commissions

IPO (a corporation's stock that is offered to the public for the first time)

IPRs  -  Intellectual Property Rights

ITC  -  International Trade Centre (UNCTAD/GATT)

ITCs  -  Industry Tripartite Councils

J

JETRO  -  Japan External Trade Organization

K

KCCDP  -  Key Commercial Crops Development Program

KLDAs -  Key Livestock Development Areas

KOTRA  -  Korea Trade Promotion Corporation

L

LAFTA -  Latin American Free Trade Area

LDC  -  Least Developed Country

LEDAC  -  Legislative-Executive Development Advisory Committee

LGUs  -  Local Government Units

LIBOR  -  London Inter-Bank Offered Rate

M

MAV -  Minimum Access Volume

MERCOSUR  -  Southern Common Market

MFA -  Multi-Fibre Arrangement


MFI  -  Multilateral Financial Institution

MFN   -  Most-Favoured-Nation

MITI  -  Ministry of International Trade and Industry (Japan)

MOP  -  Margin of Preference

MTA  -   Multilateral Trade Agreement

MTADP  -  Medium-Term  Agricultural Development Plan

MTFMDP  -  Medium-Term Fisheries Management and Development Program

MTLDP  -  Medium-Term Livestock Development Program

MTN  -  Multilateral Trade Negotiation

MTPDP  -   Medium-Term Philippine Development Plan

MYRA   -  Multi-Year  Rescheduling Agreement

N

NAFTA  - North American Free Trade Area
(Canada-United States-Mexico)

NBER -  National Bureau of Economic Research

NBTT - Net Barter Terms of Trade

NGO -  Non-Governmental Organization

NEDA  -  National Economic and Development Authority

NICs  -  Newly Industrializing Countries


NIESR  -  National Institute of Economic and Social Research

NPA -  Non-Performing Assets

NRI  -  Nomura Research Institute (Tokyo)

NTMs  -  Non-Tariff Measures

O

ODA  -  Official Development Assistance

OECD  -  Organization for Economic Cooperation and Development

OEM -  Original Equipment Manufacture

OLS  -  Ordinary Least Squares

OPEC  -  Organization.of  Petroleum Exporting Countries

OPS-PIA  -  Office of Press Secretary-Philippine Information Agency

P

PCAAC   -  Philippine Council on ASEAN and APEC Cooperation

PCCI  -  Philippine Chamber of Commerce and Industry

PES0s  -  Public Employment Service Offices

PICs  -  Provincial Industrial Centers

PIEs  -  People's Industrial Enterprises

PPP  -  Purchasing Power Party

PSA  -  Product StandardsAgency

PSCC  -  Philippine Standard Commodity Classification

PSI  -  Preshipment Inspection

PTA -  Preferential Trading Arrangement

Q

QRs  - Quantitative Restrictions

R

RAICs -  Regional Agri-industrial Centers

RAP  -  Rights Accumulation Programme

RBP  - Restrictive Business Practice

R&D -  Research and Development

RTCs -  Regional Tripartite Councils

S

SAF -  Structural Adjustment Facility

SAP  -  Structural Adjustment Programme


SDR  - Special Drawing Right

SILIC  - Severely Indebted Low-income Country

SITC  -  Standard International Trade Classification

SMEs  -  Small and Medium Enterprises

SPR  -  Sanitary and Phytosanitary Measures


SSA  -  Sub-Saharan Africa

STF  -  Systematic Transformation Facility (of IMF)

STFF  -   Short-Term Financing Facility

T

TCCP  -  Tariff and Customs Code of the Philippines

TESDA  -  Technical Educational Skills and Development Authority

TLRC -  Technology Livelihood and Resource Center

TNC  -  Trade Negotiations Committee

TNCs  -   Transnational Corporations

TOT   -  Terms of Trade (world market exchange ratio)

TPRM  -  Trade Policy Review Mechanism

TRIMs -  Trade-Related Investment Measures

TRIPs   -  Trade-Related Intellectual Property Rights

TRP  -  Tariff Reform Program

TRM  -  Tariff and Related Matters

U

UR  -  Uruguay Round

URAs  -  Uruguay Round Agreements

UNCTAD   -  United Nations Conference on Trade and Development

UNDP -  United Nations Development Programme

UNIDO  -  United Nations International Development Organization

UNU  -  United Nations University

V

VAT  -  Value Added Tax

VER  -  Voluntary Export Restraint

W

WCO - World Customs Organization

WIDER   -  World Institute for Development Economics Research

WIPO  -  World Intellectual Property Organization

WTO  -  World Trade Organization

 

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