міжнародними організаціями, основні правові норми, гарантувати торгові права, дотримуватися торгової політики, міжнародні економічні відносини, світовий банк, надавати позику, головне управління.

Exercise 2. Match words from list A with words list B that have a similar meaning:

            A                                              B

        global                                     manage 

        administer                              universal

        dispute                                   supervise

        trade                                       lawful

        assist                                      transact

        cooperate                               contract 

        agreement                              collaborate

        negotiate                                help 

        legal                                       quarrel

        oversee                                   oblige

        bind                                       commerce

Exercise  3. Match the word with the correct definition from the list below:

the  contract, dealings, trade agreement, commerce, ground rules, negotiating, the World Bank,  the World Trade Organization;   

1.  an international organization that promotes trade in goods and services between nations;

2.  an arrangement between countries to follow certain rules on pricing, import duties, etc. when buying  and selling to each other;

3.  the process of trying to reach an agreement through discussion;

4.  the central bank, controlled by the United Nations, that lends money to member state;

5.  a set of rules;

6.  business in general in the buying and selling of goods and services within a country, and with other countries;

7.  business done between people or organizations;

8.  an agreement, usually written and signed by those making it.

Exercise 4. Write an appropriate word or phrase in the sentences:

administered, oversee, settle, commerce, the World Bank, dealings (2), barriers, trade disputes, the negotiating, trading, agreement.

1. His company has just signed a trade ... with Japan.

2. This new ... company imports craft goods from South America.

3. ... between the two countries resulted in a new trade agreement.

4. One of the main functions of the WTO is to settle ... .