Summary
Labelling: see eco-labelling, genetic labelling, marks of origin and social labelling.
Labour markets integration agreements: listed in the General Agreement on Trade in Services as a subset of economic integration agreements. WTO members may join an agreement establishing full integration of the labour market between the parties if (a) citizens of the parties to the agreement do not have to obtain residency and work permits and (b) if the agreement is notified to the Council for Trade in Services. Full integration of labour markets is described as citizens of the other parties concerned having the right of free entry to the employment markets of the other parties. Integration should also cover measures such as conditions of pay, other conditions of employment and social benefits.
Labour market testing: the practice of ascertaining whether qualified local people might be available when assessing whether to support an application for the employment of foreign nationals. Article XVI of the General Agreement on Trade in Services states, among other things, that in sectors where market access commitments have been made, limitations or numerical quotas may not be maintained or adopted on the total number of persons employed.
Labour standards in international trade: see core labour standards, human rights, international labour standards, social clause, trade and human rights and trade and labour standards.
LAFTA: Latin American Free Trade Association. An intergovernmental organization created by the Treaty of Montevideo in February 1960, designed to establish gradually a free-trade area which would provide the basis for a Latin American Common Market.
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- Dictionary of Trade Policy Terms , pp. 259 - 268Publisher: Cambridge University PressPrint publication year: 2007