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Balance of trade |
Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson | 0.07 sec. |
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BALANCE OF TRADE, Com. law. The difference between the exports and importations, between two countries. The balance of trade is against that country which has imported more than it has exported, for which it is debtor to the other country. |
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Officials have downplayed potential for anything major to come out of the sessions, but there may be some news on China's trade surplus with the United States. has not had an agricultural trade surplus since 1959. She says that the North American Free Trade Agreement, passed in 1994, has been devastating to American workers, exporting almost 1 million manufacturing jobs to Mexico and turning a $2 billion trade surplus with that country into a $45 billion trade deficit. |
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Trade surplus
