Definition of Transparency

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TeachMeFinance.com - explain Transparency



Transparency

The term 'Transparency ' as it applies to the area of agriculture can be defined as ' A World Trade Organization principle stipulating that a country’s policies and regulations affecting foreign trade should be clearly communicated to its trading partners. For example, out of recognition that sanitary and phytosanitary measures may (sometimes deliberately) be unclear, arbitrary, or capricious, recent international trading agreements have provisions calling on countries to notify others, in advance, about any measures that could affect trade, to fully explain them, and to provide a means for commenting on them'.

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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".


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