International economic negotiations aim to achieve multiple objectives, including promoting free trade, protecting domestic industries, and resolving trade disputes.

The WTO's primary role is to facilitate trade negotiations among its member countries and to ensure that trade agreements are implemented and enforced.

FTAs are the most common type of trade agreement, involving the reduction or elimination of tariffs and other trade barriers between two or more countries.

Successful international economic negotiations require strong preparation, effective communication, understanding of interests, and the ability to find mutually beneficial solutions.

Economic coercion involves using economic measures, such as trade sanctions, to pressure another country into changing its policies or actions.

Non-tariff barriers include import quotas, export subsidies, technical regulations, and other measures that can restrict trade without imposing tariffs.

Preferential trade agreements involve reducing or eliminating tariffs on a specific list of goods between two or more countries.

MFN treatment involves non-discrimination among trading partners, equal treatment for all countries, and reciprocity in trade relations.

A tariff is a tax or duty imposed on imported goods.

The World Bank's objectives in international economic negotiations include promoting economic development, reducing poverty, and encouraging foreign investment.

A subsidy is a financial assistance provided by a government to domestic industries to help them compete with foreign imports.

The IMF's objectives in international economic negotiations include promoting international monetary cooperation, facilitating international trade, and providing financial assistance to countries in need.

A quota is a restriction on the quantity of a particular good that can be imported.

UNCTAD's objectives in international economic negotiations include promoting trade and development, assisting developing countries in their trade negotiations, and providing technical assistance to developing countries.

An embargo is a complete prohibition on the import or export of a particular good.