Definition of Multilateral trade negotiations (MTN)

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TeachMeFinance.com - explain Multilateral trade negotiations (MTN)



Multilateral trade negotiations (MTN)

The term 'Multilateral trade negotiations (MTN) ' as it applies to the area of agriculture can be defined as ' Negotiations between General Agreement on Tariffs and Trade (GATT) member nations that are conducted under the auspices of the GATT and that are aimed at reducing tariff and nontariff trade barriers. The World Trade Organization has now replaced the GATT as the administrative body'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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