| Andean Community (CAN) | South American five-nation trading bloc
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| Association of Southeast Asian Nations (ASEAN) | Ten-member body formed to promote peace and cooperation in the Southeast Asian region
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| Central American Free Trade Agreement (CAFTA) | FTA among the United States and several Central American nations
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| Collective Security Treaty Organization (CSTO) | Security alliance of six members of the Commonwealth of Independent States (former Union of Soviet Socialist Republics)
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| common market | Customs union that includes mobility of services, people, and capital within the union
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| complete economic integration | Integration on both economic and political levels
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| Council of the European Union | Group that is the EU's primary policy-setting institution
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| customs union | Collaboration that adds common external tariffs to an FTA
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| Doha Development Agenda | WTO extended conference on trade; also called Doha Round
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| Economic and Social Council (ECOSOC) | UN body concerned with economic and social issues such as trade, development, education, and human rights
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| European Central Bank (ECB) | Institution that sets and implements EU monetary policy
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| European Commission | Institution that runs the EU's day-to-day operations
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| European Court of Justice (ECJ) | Court that rules on issues related to EU policies
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| European Free Trade Agreement (EFTA) | Four-nation non-EU FTA in Europe
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| European Monetary Union (EMU) | Group that established use of euro (€) in the 12-country euro zone
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| European Parliament | EU legislative body whose members are popularly elected from member-nations
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| European Union (EU) | A body of 25 European countries dedicated to economic and political integration
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| free trade area (FTA) | Area in which tariffs among members have been eliminated, but members keep their external tariffs
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| General Agreement on Tariffs and Trade (GATT) | International agreement that functioned to encourage trade liberalization from 1947 to 1995
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| General Assembly | Deliberative body of the UN made up of all member-nations, each with one vote regardless of size, wealth, or power
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| Group of 8 (G8) | Group of government leaders from industrialized nations that meets regularly to discuss issues of concern
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| International Court of Justice (ICJ) | UN body that renders legal decisions involving disputes between national governments
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| Mercosur (Mercosul) | Economic free trade area in South America modeled on the EU
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| most favored nation (MFN) clause | Agreement that GATT member-nations would treat all members equally in trade matters
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| North American Free Trade Agreement (NAFTA) | Agreement creating a free trade area among Canada, Mexico, and the United States
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| North Atlantic Treaty Organization (NATO) | Security alliance of 26 North American and European nations
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| Organisation for Economic Cooperation and Development (OECD) | Group of developed countries dedicated to promoting economic expansion in its member-nations
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| Organization of Petroleum Exporting Countries | Cartel of 11 petroleum-exporting countries
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| Secretariat | The staff of the UN, headed by the secretary-general
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| Security Council | Main policy-setting body of the UN, composed of 15 members including 5 permanent members
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| trade-related intellectual property rights (TRIPS) | The acronym TRIPS refers to the WTO agreement that protects copyrights, trademarks, trade secrets, and other intellectual property matters.
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| United Nations (UN) | International organization of 191 member-nations dedicated to the promotion of peace and global stability; has many functions related to business
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| Uruguay Round | The last extended conference of GATT negotiations
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| World Trade Organization (WTO) | A multinational body of 149 members that deals with rules of trade between nations
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