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: Arrangement between firms to control a market - for example, to fix prices or limit competition between members of the cartel.

Ceiling binding: Often used to describe a situation where there is a large difference between the tariff that is actually applied and the level at which the tariff is bound. .

Compensatory Adjustment: Measure taken, after withdrawing of a (tariff or other) concession, to compensate for such withdrawal.

Competition policy: Legislation and regulations designed to protect and stimulate competition in markets by outlawing anticompetitive business practices such as cartels, market sharing or price fixing.

Contestability: A market is contestable if new suppliers can enter it easily.

Contingent Protection: Trade barriers that are imposed if certain circumstances (contingencies) are met.