Essential Acronyms in Global Economics and Trade

Classified in Economy

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Key Acronyms in International Trade and Finance

ACP
African, Caribbean and Pacific (Group of States)
ADB
Asian Development Bank
AIIB
Asian Infrastructure Investment Bank
AMICO
Accounting and Monetary Income Committee
APEC
Asia-Pacific Economic Cooperation
ASEAN
Association of Southeast Asian Nations
B2B
Business-to-Business
BANCO
Bank Note Committee
BIB
Banco Internacional de Desarrollo
BIS
Bank for International Settlements
BPO
Business Process Outsourcing
CAE
Financial Institutions
CEA
Central American Bank
CETA
Canada-European Union Trade Agreement
CETA
Corporate Economic Trade Agreement
CoE
Council of Europe
COMCO
Committee on Controlling
DAC
Development Aid Committee
DR-CAFTA
Dominican Republic-Central America Free Trade Agreement
ECCO
Eurosystem Communications Committee
EEC
European Economic Commission
EEA
European Economic Area
EFTA
Economic Free Trade Area
EIB
European Investment Bank
EMU
European Monetary Union
ECSC
European Coal and Steel Community
FDI
Foreign Direct Investment
FSB
Financial Stability Board
GATS
General Agreement on Trade in Services
GATT
General Agreement on Tariffs and Trade
GSP
Generalized System of Preferences
HICP
Harmonized Index of Consumer Prices
IBRD
International Bank for Reconstruction & Development
ICT
International and Communicatory Technology
IDA
International Development Association
IFC
International Finance Corporation
ILO
International Labour Organization
IPR
Intellectual Property Rights
ISDS
Investor-State Dispute Settlement
ISDS
International Settlement Disputes
ITO
International Trade Organization
ITU
International Telecommunication Union
LDCs
Less Developed Countries
MDG
Millennium Development Goals
MDGs
Millennium Development Goals
Mercosur
Mercado Común del Sur
MIGA
Multilateral Investment Guarantee Agency
MoF
Memorandum of Understanding
NAFTA
North American Free Trade Agreement
NDB
New Development Bank (5 members of BRICS)
OBOR
One Belt One Road
ODA
Development Aid
OECD
Organisation for Economic Co-operation and Development
OEEC
Organization for European Economic Co-operation
PPP
Purchasing Power Parity (China) / Private Public Partnership
SDGs
Sustainable Development Goals
SMEs
Small and Medium-sized Enterprises
TPSEP
Trans-Pacific Strategic Economic Partnership Agreement
TTIP
Transatlantic Trade and Investment Partnership
UNCTAD
United Nations Conference on Trade and Development (Part of the UN)
UNDP
United Nations Development Programme
VUCA
Volatility, Uncertainty, Complexity, Ambiguity
WTO
World Trade Organization

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