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Relevant Topics:
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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