Modalities (trade negotiations)
Encyclopedia
Modalities are the formulas, targets, or specific measures used to accomplish objectives in trade negotiations. An example of modalities in the current World Trade Organization
agriculture negotiations would be a percentage phase-out over a specified time period of agricultural export subsidies or the use of the Swiss formula for tariff reduction and harmonization.
World Trade Organization
The World Trade Organization is an organization that intends to supervise and liberalize international trade. The organization officially commenced on January 1, 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade , which commenced in 1948...
agriculture negotiations would be a percentage phase-out over a specified time period of agricultural export subsidies or the use of the Swiss formula for tariff reduction and harmonization.