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MITI's Portal
 

Glossary

G-20

Group of Twenty - brings together systemically important industrialized and developing economies to discuss key issues in the global economy. Established in 1999 and consists of Finance Ministers and Central Bank Governors from 19 of the ... [read more]

G-8

Group of Eight – G7 + Russia, an annual summit meeting of head of governments from seven industrialized countries in the world (G7) and Russia. Consists of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. ... [read more]

GAAP

Generally Accepted Accounting Principles - The ethic applies on the recording of revenues; expenses; costs; assets and liabilities; disclosure of information and preparation of financial statements. [read more]

GATS

General Agreement on Trade in Services (WTO) - Main objective is to create a legal framework for liberalization in trade in services. Services were included in the Uruguay Round of trade negotiations which led to the General Agreement on Trade in ... [read more]

GATT

General Agreement on Tariffs and Trade. Since 1947, the multilateral institution overseeing the global trading system. Superseded by the WTO in January 1995. [read more]

GATT

General Agreement on Tariffs and Trade - GATT 1947 govern trade in goods from 1948 until 1994. It was an agreement as well as an organisation. In 1995, the WTO replaced GATT as an international organisation. GATT 1947 together with GATT 1994 forms ... [read more]

GBS

Global Business Services - A well-executed global business services strategy is distinctly different from the narrower focuses of shared services and outsourcing strategies. It identifies corporate objectives and encourages internal functions to ... [read more]

GDP

Gross Domestic Product - Monetary value at market prices of all goods and services produced within a country, but excluding net income from abroad for a given period (usually a year). GDP includes all private and public consumption, government ... [read more]

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy that accounts for inflation by converting output measured at current prices into constant-dollar GDP. This specific ... [read more]

GDP per capita

Gross Domestic Product (Purchasing Power Parity) -  is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. An international dollar has the same purchasing power over GDP ... [read more]

GHS

Globally Harmonized System of Classification and Labelling of Chemicals is an internationally-harmonized approach to address classification of chemicals by types of hazard. It proposes harmonized hazard communication elements, including labels and ... [read more]

GNI

Gross National Income - Another measure of a country's economic performance. The production of the nationals of the country, whether they are in residence in the domestic territory or not. GDP may be converted to GNI by adding net factor incomes ... [read more]

GNI per capita

Is gross national income divided by mid-year population [read more]

Green Box

Agriculture support (subsidies) which is exempted from reduction commitments under the WTO Agriculture Agreement and permitted without limit. Green Box subsidies include genuine relief to farmers through a wide range of assistance measures which ... [read more]

Green Room mini-Ministerial Meeting

Meeting attended by Trade Ministers from selected countries which participate actively in the WTO negotiations. Malaysia has been included in this process. [read more]