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TeachMeFinance.com - explain Equivalence Equivalence The term 'Equivalence ' as it applies to the area of agriculture can be defined as ' A term applied by the Uruguay Round Agreement on the Application of Sanitary and Phytosanitary (SPS) Measures. WTO Member countries shall accord acceptance to the SPS measures of other countries (even if those measures differ from their own or from those used by other Member countries trading in the same product) if the exporting country demonstrates to the importing country that its measures achieve the importer’s appropriate level of sanitary and phytosanitary protection'. Previous 5 Terms: Equi-Potential Line Equity (financial) Equity capital Equity crude oil Equity in earnings of unconsolidated affiliates Next 5 Terms: Equivalency Review equivalent Equivalent diameter (equivalent size) Equivalent fluid Equivalent Potential Temperature About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.