TRADE COMMISSION Meaning and
Definition
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Trade Commission refers to a governmental or regulatory body established to oversee and regulate trade activities within a particular jurisdiction. It is responsible for ensuring fair and competitive practices, protecting consumers, and promoting economic growth through effective trade policies. The primary objective of a trade commission is to maintain a level playing field for businesses, monitor market trends, resolve trade-related disputes, and enforce compliance with relevant laws and regulations.
Trade commissions often play a crucial role in monitoring and nurturing domestic and international trade relations. They may offer guidance and support to businesses, exporters, and importers, facilitate trade agreements, negotiate tariffs and customs procedures, and promote trade initiatives. Additionally, they may track market practices, investigate unfair trade practices such as price fixing or anti-competitive behavior, and enforce laws pertaining to intellectual property rights and product standards.
Trade commissions typically have regulatory powers, including the authority to issue licenses, permits, and certifications to ensure safety, quality, and compliance. They may also conduct investigations and impose penalties or sanctions on violators of trade regulations. Furthermore, trade commissions often collaborate with other governmental agencies, business associations, and foreign counterparts to foster international cooperation and address cross-border trade issues.
Overall, a trade commission is designed to enhance transparency, maintain healthy competition, protect consumer interests, and promote sustainable economic growth within the realm of trade and commerce.
Common Misspellings for TRADE COMMISSION
- rrade commission
- frade commission
- grade commission
- yrade commission
- 6rade commission
- 5rade commission
- teade commission
- tdade commission
- tfade commission
- ttade commission
- t5ade commission
- t4ade commission
- trzde commission
- trsde commission
- trwde commission
- trqde commission
- trase commission
- traxe commission
- trace commission
- trafe commission
Etymology of TRADE COMMISSION
The word "trade" comes from the Middle English word "trade" or "trád" which meant a path or a course, and it originated from the Old Saxon and Old High German word "trada" meaning a track or a footstep. The word "commission" comes from the Old French word "comissioun" or "comissio", derived from the Latin word "commissio" meaning authorization or entrusting.
When combined, "trade commission" refers to an organization or body entrusted with the authority to regulate and supervise trade activities.
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