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Ex.8. Write the appropriate word or phrase in the following spaces. Translate the sentences into Ukrainian




Ex.6. Consult your dictionary and translate the following word combinations into Ukrainian.

barter trade; bilateral trade; border trade; cash trade; domestic trade; exclusive trade; export trade; external trade; fair trade; hire-purchase trade; illicit trade; invisible trade; lawful trade; licence trade; luxury trade; mail-order trade; profitable trade; retail trade; service trade; stock trade; tally trade; wholesale trade.

 

Ex.7. Look at the words and phrases in the box. Match them with the correct definition from the list below:

 
 

 

 


1. an international organization that promotes trade in goods and services between nations;

2. an arrangement between countries to follow certain rules on pricing, import duties, etc. when buying from and selling to each other;

3. the process of trying to reach an agreement through discussion;

4. the central bank, controlled by the United Nations, that lends money to member states;

5. a set of rules;

6. business in general in the buying and selling of goods and services within a country, and with other countries;

7. business done between people or organizations;

8. an agreement, usually written and signed by those making it;

 

1. His company has just signed a trade … with Japan.

2. This new … company imports craft goods from South America.

3. … between the two countries resulted in a new trade agreement.

4. One of the main functions of the WTO is to settle ….

5. By lowering trade …, the WTO also breaks down other barriers between peoples and nations.

6. The two companies have had … with each other over many years.

7. Developing countries in the third world have applied to … for development grants.

8. The growth of … between member states in the EU is remarkable.

9. I’ve had … with him before and he is not to be trusted.

10. Trade union leaders and employers are meeting to … the pay dispute.

11. The WTO, the IMF and the World Bank … international economic relations among governments.

12. She … the committee meeting to make sure that everything worked smoothly.

 
 
administered; oversee; settle; commerce; the World Bank; dealings (2); barriers; trade disputes; the negotiations; trading; agreement.

 


Ex.9. Fill in the missing prepositions:

The World Trade Organization is an international organization that promotes trade … goods and services … nations. Most nations belong … the World Trade Organization, often called the WTO.

A WTO member nation has both rights and responsibilities. The most important right guarantees that a country’s export goods and services get the same treatment as those … any other WTO member. This treatment includes the same tariffs and other trade restrictions. The main responsibility … a member nation is to follow WTO guidelines … international trade. Another important rule involves the resolution … trade disputes. … case of disagreement … a trade issue, a member nation agrees to submit the case … a WTO committee … review. If the committee finds that a country has violated its WTO commitments, the country must either change its practices or face increased taxes … its exports.

(in (2), between, to (2), of (3), on (2), over, for)

 




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