Bifurcate and Free trade: Difference between pages

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1. ''Financial reporting''
''International trade''


To split a complex financial instrument into two parts for financial reporting purposes, for the purpose of accounting separately for each part.
Free trade is international trade undertaken without constraints from import quotas, protective tariffs, export subsidies or other restrictive practices.


For example, an underlying borrowing and an embedded derivative instrument, separated for accounting purposes under IAS 39 or IFRS 9.


In practice relatively free trade between countries, or within a region, is normally only established following lengthy negotiations and the establishment of an effective free trade agreement.


2.


To split into two parts for any other purpose.
An example is the European Economic Area (EEA) agreement.




== See also ==
==See also==
* [[Embedded derivative]]
*[[European Economic Area]]
* [[IAS 39]]
*[[European Free Trade Association]]
* [[IFRS 9]]
*[[Free trade agreement]]
*[[Free trade area]]
*[[International trade]]
*[[North American Free Trade Agreement]]
* [[Protectionism]]
*[[Tariff]]
*[[Trade]]
* [[World Trade Organization]]

Revision as of 13:32, 8 February 2017

International trade

Free trade is international trade undertaken without constraints from import quotas, protective tariffs, export subsidies or other restrictive practices.


In practice relatively free trade between countries, or within a region, is normally only established following lengthy negotiations and the establishment of an effective free trade agreement.


An example is the European Economic Area (EEA) agreement.


See also