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Glossary

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GAL

Gallon

GATT: General Agreement on Tariffs and Trade

A multilateral treaty intended to help reduce trade barriers and promote tariff concessions.

GDP: Gross Domestic Product 

The total value of all goods and services produced by a country. 

GEE: Global Entrepreneurial Ecosystem

A local community support system for small and medium-size exporters. 

GMO

Genetically Modified Organism

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GOST

'Gosudarstvennyy standardt' (Russian state standard)

Guaranteed Bill of Exchange

A Bill of Exchange is an unconditional order in writing, drawn up by the seller, asking the buyer to pay a specific amount of money at a future date. It becomes guaranteed if, after the buyer accepts the Bill, the buyers bank adds its guarantee that the bill will be paid at maturity.

Guarantees

Commitment functionally similar to standby letters of credit, often used outside the United States.

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