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Glossary of Trade Terms

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M
Manifest - A list of the goods being transported by a carrier.

Market Access - The ability of domestic providers of goods and services to penetrate a related market in a foreign country. The extent to which the foreign market is accessible generally depends on the existence and extent of trade barriers.

Market Economy - The national economy of a country that relies on market forces to determine levels of production, consumption, investment, and savings without government intervention.

Market Forces - Shifts in demand and supply that are reflected in changing relative prices, thus serving as indicators and guides for enterprises that make investment, purchase, and sales decisions.

Measurement Ton - The measurement ton (also known as the cargo ton or freight ton) is a space measurement, usually 40 cubic feet or one cubic meter. Cargo is assessed a certain rate for every 40 cubic feet or one cubic meter it occupies.

MERCOSUR - A trade alliance between Argentina, Brazil, Paraguay and Uruguay, with Chile and Bolivia as associate members.

M/T or Metric Ton - 1000 Kilos

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