MARKET ACCESS Meaning and
Definition
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Market access refers to the ability of individuals, businesses, or countries to enter and operate in a particular market. It is the opportunity and freedom to buy and sell goods, services, or investments within a specific market or economy, without facing discriminatory barriers or restrictions.
In a global context, market access often refers to the ability of companies or countries to trade with other nations on fair and non-discriminatory terms. It involves the removal or minimization of trade barriers such as tariffs, quotas, import licenses, customs procedures, technical barriers, and other restrictive measures. Achieving market access can provide opportunities for businesses to expand their reach and increase their sales by accessing new markets, customers, and suppliers.
The concept of market access encompasses not only the physical entry into a market but also the ability to compete and operate on a level playing field. Factors contributing to market access also include legal and regulatory frameworks, intellectual property rights protection, transparent market rules, financial and banking services, and a favorable business environment. Ensuring fair and equitable market access for all participants is essential for promoting competition, economic growth, and development.
Governments and international organizations often engage in negotiations to facilitate market access for their domestic industries or promote equitable global trade. Bilateral and multilateral trade agreements, such as free trade agreements and regional trade blocs, are tools used to improve market access by reducing or eliminating trade barriers between participating countries.
Common Misspellings for MARKET ACCESS
- narket access
- karket access
- jarket access
- mzrket access
- msrket access
- mwrket access
- mqrket access
- maeket access
- madket access
- mafket access
- matket access
- ma5ket access
- ma4ket access
- marjet access
- marmet access
- marlet access
- maroet access
- mariet access
- markwt access
- markst access
Etymology of MARKET ACCESS
The word "market" comes from the Latin word "mercatus", which means "trading" or "commerce". It evolved into the Old French word "marchiet", which referred to a meeting or gathering for buying and selling goods.
The word "access" comes from the Latin word "accessus", which means "approach" or "entry". It is derived from the verb "accedere", which means "to come near" or "to approach".
Therefore, the term "market access" combines the idea of entering or approaching a trading or commercial gathering, referring to the ability of individuals or companies to enter and participate in a specific market or industry.
