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Definition of


International Trade

association of nations promoting democracy and free market a group of 30 member countries, with a shared commitment to democratic government and the market economy, that has active relationships with some 70 other countries via nongovernmental organizations. Formed in 1961, its work covers economic and social issues from macroeconomics to trade, education, development, and scientific innovation. Its goals are to promote economic growth and employment in member countries in a climate of stability; to assist the sustainable economic expansion of both member and nonmember countries; and to support a balanced and even-handed expansion of world trade.

Related definitions of "OECD"

Definitions of ’OECD’ and meaning of ’OECD’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’OECD’ and other financial terms with our online QFINANCE Financial Dictionary.

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