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Balance of trade |
Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson | 0.06 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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? References in periodicals archive |
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trade deficit with Mexico in the automotive sector did rise dramatically--almost tripling in the first five years of NAFTA--but the bigger impact on the U. The expected improvement in the economy should be enough to raise exports faster than growth in imports and limit the deteriorating U. Previous research that investigated the response of the U. |
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