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World Price
(redirected from World Prices)

    Also found in: Encyclopedia 0.01 sec.
World Price
A price for a good or service in all countries other than one's own. The world price influences international trade. Barring any trade barriers, a country exports goods and services with local prices lower than the world price. On the other hand, it imports goods and services with higher local prices than the world price.
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The established levels of prices were impacted by heat and power changed tariffs, changed prices for basic food products, world prices for wheat and sugar, seasonal factors, price hikes for fuel.
Food price hikes caused by changed power and heat tariffs -- Economic ... by AKIpress News Agency
A major factor in the breakdown of the WTO's Doha Round, is the continuing disagreement over whether a special safeguard mechanism should be included to allow developing countries to increase tariffs if imports surged or world prices dropped past certain trigger points.
Imposition of trade safeguards by developing nations likely to ... by The Food & Fiber Letter
A decision by Russia to ban wheat exports sent world prices soaring last week.
Egypt aims to grow 70 pct of wheat by 2020, say reports by Daily News Egypt (Egypt)
 
 
 
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