A group of countries that agree to negate all quotas, preferences, and tariffs that would normally come along with trading. Different countries agree to this if they have goods that could easily be exchanged or if they have economic status that could compliment one another.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser