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Nondiscriminatory treatment (Normal Trade Relations/NTR)

A status granted by one country to another in trade, meaning that products from that country will face the same low tariffs (import taxes) and trade rules as products from most other countries.

Title IV of the Trade Act of 1974

A section of U.S. law, often referred to as the Jackson-Vanik amendment, which imposes restrictions and conditions (like freedom of emigration requirements) on trade with certain countries, particularly those with non-market economies, preventing them from receiving normal trade relations status unless these conditions are met or waived annually.

Proclaim

To officially declare or announce, usually referring to a formal act by the President, such as issuing a proclamation to extend specific trade status.

Marrakesh Agreement Establishing the World Trade Organization

The international treaty that created the World Trade Organization (WTO), an intergovernmental organization that regulates and facilitates international trade. Accession means officially joining this agreement and the WTO.

Tariff

A tax or duty to be paid on a particular class of imports or exports.