Commission :

Commission - general

The amount paid to an agent, which may be an individual, a broker, or a financial institution, for consum¬mating a transaction involving sale or purchase of assets or services.

Commission - banking

Agents and brokers are usually compensated by being allowed to retain a certain percentage of the premi¬ums they produce, known as a commission

Commission on Security and Cooperation in Europe

An economic and defense alliance whose members in¬clude all recognized countries of Europe, Canada, the USA, and the former republics of the USSR. Included are: Albania, Armenia, Austria, Azerbaijan, Belgium, Bul¬garia, Belarus, Canada, Cyprus, Czech Republic, Den¬mark, Estonia, Finland, France, Germany, Greece, the Holy See, Hungary, Iceland, Ireland, Italy, Kazakhstan, Kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxem¬bourg, Malta, Moldova, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Russia, San Marino, Slovakia, Spain, Sweden, Switzerland, Tajikistan, Turkey, Turkmen¬istan, Ukraine, the United Kingdom, the United States, Uzbekistan and Yugoslavia. Note: The Federal Republic of Yugoslavia (Serbia & Montenegro) was suspended in July 1992. Contact: Commission on Security and Coop¬eration in Europe; 234 Ford House Office Building; 3rd and D Streets, SW; Washington, DC 20515 USA; Tel: [1] (202) 225-1901; Fax: [1] (202) 226-4199

Committee on Foreign Investment in the United States = CFIUS - U.S.

Created in 1975 to provide guidance on arrange¬ments with foreign governments for advance consultations on prospective major foreign governmental investments in the United States, and to consider proposals for new legis¬lation or regulation relating to foreign investment.

The authority of the Committee was amended by Section 5021 (the Exon-Florio provision) of the Omnibus Trade and Competitiveness Act of 1988 (Section 721 of the De¬fense Production Act), which gives the president authority to review mergers, acquisitions, and takeovers of U.S. companies by foreign interests and to prohibit, suspend, or seek divestiture in the courts of investments that may lead to actions that threaten to impair the national security.

By Executive Order in December 1988, the U.S. Treasury has authority to implement the Exon-Florio provision. CFIUS has eight members: Treasury (the chair), State, De¬fense, Commerce, the Council of Economic Advisors, the U.S. Trade Representative, the Attorney General, and the Office of Management and Budget.

The Office of Strategic Industries and Economic Security serves as Commerce’s representative to CFIUS. Contact: Committee on Foreign Investment in the United States, Office of International Investment; Department of Trea¬sury; 1500 Pennsylvania Avenue, NW; Washington, DC 20220 USA; Tel: [1] (202) 622-2000; Fax: [1] (202) 622- 6415

Commodity Broadly defined, any article exchanged in trade, but most commonly used to refer to raw materials, including such minerals as tin, copper and manganese, and bulk-produced agricultural products such as coffee, tea and rubber

Commodity Code - shipping

A system for identifying a given commodity by a number in order to establish its commodity rate in freight transport - Harmonized System

Commodity Control List

Commerce Control List

Commodity Credit Corporation - U.S.

A U.S. government corporation controlled by the Department of Agriculture that provides financing and stability to the marketing and exporting of agricultural commodities. Contact: Commodity Credit Corporation; USDA; 1400 Independence Avenue, SW; Mail Stop 0506; Washington, DC 20250-0581 USA; Tel: [1] (703) 305- 1386

Commodity Rate - shipping

The rate (charges) applicable to shipping a spe¬cific commodity between certain specified points

Common Agricultural Policy = CAP - European Union

A set of regulations by which member states of the European Union (EU) seek to merge their in¬dividual agricultural programs into a unified effort to pro¬mote regional agricultural development, raise standards of living for the farm population, stabilize agricultural mar¬kets, increase agricultural productivity, and establish methods of dealing with food supply security. Two of the principal elements of the CAP are the variable levy (an import duty amounting to the difference between EU tar¬get farm prices and the lowest available market prices of imported agricultural commodities) and export restitu¬tions, or subsidies, to promote exports of farm goods that cannot be sold within the EU at the target prices.

Common Carrier


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