A
B C D E
F G H I J K L
M N O P
Q R S T U V
W X Y Z
Acquis
Communautaire
The acquis communautaire comprises the common set of laws and acts
adopted by the European Union since the outset. It is, in some way,
the contract to which the EU-25 Member States subscribe and represents
an estimated total amount of 80,000 pages legislation.
Adherence
The extent to which the patient follows medical instructions and takes
prescribed medicines according to treatment recommendation. In developed
countries, adherence to long-term therapies in the general population
is around 50% and much lower in developing countries.
ADR
- Adverse Drug
Reaction
A response to a drug which is noxious and unintended and which occurs
at doses normally used in man for prophylaxis, diagnosis or therapy
for diseases or for modification of physiological function.
Antimicrobial
resistance
The use of anti-microbial medicines (i.e.
any substance used to kill or inhibit the growth of micro-organism,
including antibiotics and other antibacterials, antiviral, antifungal
and antiparasitical agents) has greatly contributed to improvements
in health, in treating communicable diseases and preventing infections.
However, overuse and misuse of antibiotics (especially in children
with respiratory infections) have favoured the growth of resistant
organisms. The emergence and spread of antimicrobial resistance has
become a major public health problem, within the EU and world-wide.
ATC
Anatomic, therapeutic, chemical. International system for classification
of medicines.
ATC/DDD
Anatomical Therapeutic Clinical Classification/Defined Daily Dose
Attrition
Rate
Refers to the rate of new chemical entities that are dropped out of
the three phases of clinical trials. For example out of 100 new chemical
entities, 25% will drop out at phase I, of the 75 that remain for
phase II, 52% would drop out. Of the 36 that remain for phase III,
36% would drop out that phase, leaving about 23 of the orginal 100
new chemical entities that actually made it through the process.
Benchmarking
Benchmarking is the search for industry best practices that will lead
to superior performance.
Biotechnology
Biotechnology
is used in two ways: first it describes the traditional biological
methods which living organisms use to produce or modify chemical compounds
(e.g. antibiotics and vitamins). Secondly, it includes gene technology,
which is based on the ability to isolate, replicate, cut and recombine
DNA and to transfer DNA from one cell to another. Organisms whose
genetic material has been altered in a way that does not occur naturally
are called genetically modified organisms (GMOs).
Blockbuster
Refers
to a drug which generates over $ 1 billion in global sales.
Bolar
In the US, the "Roche versus Bolar" amendment to the Watchman-Hatch
Act (1984) allows generic medicines manufacturers to use a patented
product, before its patent expires, in the preparation of their marketing
authorisation application. This amendment was part of the political
balance reached when agreeing on measures to restore effective patent
protection in the USA. In Europe, this balance was reached by limiting,
in the SPC regulation, the effective marketing authorisation to a
maximum of 15 years. Introducing a Bolar provision (also called "early
working") in Europe would go against this equilibrium.
Cadreac
- Collaboration Agreement between Drug Regulatory Authorities in European
Union Associated Countries
Informal voluntary co-operation of drug regulatory authorities of
accessing countries, represented by their directors, that should help
to prepare the area of drug regulation for accession to the European
Union.
Cell
The cell is the
basic unit of all living organisms. Some living organisms exist only
as a single cell. This is the case for bacteria , as well as certain
animals and plants. An average sized man contains from 60 to 100 trillion
cells. Cells nourish themselves, produce energy, exchange information
with their neighbours, multiply, and eventually die when their time
has come.
Centralised
Procedure
Since 1995, medicinal products can be assessed via the Centralised
procedure. Medicinal products that have been approved via this procedure
are issued a marketing authorisation that is valid throughout the
EU. This marketing authorisation is granted by the European Commission.
The use of this procedure is compulsory for medicinal products derived
from a biotechnological process. For other innovative products, such
as products with a new active substance, a company can choose whether
to follow this procedure or the Mutual recognition procedure. In the
case of the Centralised procedure, a dossier must be submitted to
the European Agency for the Evaluation of Medicinal Products (EMEA)
in London.
Clinical
Trials
A clinical trial is a research study conducted in human participants
to evaluate the safety and efficacy of a medicine to improve patient's
health. Clinical trials conducted on new medicines and sponsored by
pharmaceutical companies can only be started after a compound has
survived rigorous pre-clinical development work, which involves laboratory
testing (chemical/biological/pharmacological/toxicological). It
is only when these tests show favourable and promising results that
a company can proceed to assess the medicine in humans.
Committee
for Medicinal Products for Human Use - CHMP
Within the European Agency for the Evaluation
of Medicinal Products (EMEA),
the Committee for Proprietary Medicinal Products is the scientific
committee responsible for preparing the Agency's opinions on questions
relating to the evaluation of medicinal products for human use. It
is made up of 30 members nominated by the Member States.
Compassionate
Use
Refers to situations where a drug is provided
to a patient on humanitarian grounds prior to the drug's receiving
regulatory approval.
Compulsory
Licensing
The TRIPS agreement provides strict conditions
under which governments can allow the production or sale of a product
without the permission of the patent holder (for example in cases
of extreme urgency).
Counterfeit
pharmaceutical
(WHO definition)
(A fake medicine) which is deliberately and fraudulently mislabelled
with respect to identity and/ or source. The term counterfeiting can
apply to both branded and generic products, and counterfeit products
may include products:
1) with the correct ingredients;
2) with wrong ingredients;
3) without active ingredient;
4) with incorrect quantity of active ingredient; or
5) with fake packaging.”
CRO
(Clinical Research Organisation)
Organisation which provides services to the pharmaceutical industry
and specialised in the conduct of clinical trials.
DALY
Disability-Adjusted
Life Year( DALY) measures overall burden of a disease by combining
the year of potential life lost due to premature death and the year
of productive life lost due to the disability.One DALY is one lost
year of healthy life.
Data Exclusivity
(also referred to as Data Protection)
Pharmaceutical
registration data are the proprietary (i.e. confidential) data generated
by scientific research conducted to demonstrate the efficacy and safety
of new medicines and submitted to regulatory authorities for marketing
approval. Data protection periods refer to the period of time during
which a company is able to keep its rights for clinical data related
to a given medical product, without another company being able to
use that data when applying for an authorisation to market a generic
medical product. Data
exclusivity is an independent intellectual property right, subject
to protection under Article 39.3 of the TRIPs Agreement.
Data
Privacy
Individually
identifiable information, e.g. medical background and personal health
data, that may not be disclosed or transferred inappropriately without
the explicit authorisation of the individual.
Differential
Pricing
Sometimes referred to a "tiered pricing", "equity pricing"
or "preferential pricing". They all refer to the same principle
of adapting prices to purchasing power of the world's poorest countries.
Disease
An alteration in the state of the body or of
some of its organs, interrupting or disturbing the performance of
the vital functions.
Doha
Declaration
Refers
to the "Declaration on the TRIPS Agreement and Public Health", adopted
on 14 November 2001 at the Doha (Qatar) Ministerial conference of
the World Trade Organization. It is a political commitment of all
WTO members governments to the TRIPS Agreement which further clarifies
the flexibility already available under TRIPS, enabling developing
countries to address national health emergencies.
DTCI
- Direct-to-Consumer Information
In contrast with Direct-to-Consumer Advertising (DTCA) which is forbidden
in Europe, the pharmaceutical industry considers that all patients
should have the same right to truthful, accurate and easily understandable
information that enables them, in consultation with their doctors,
to make well-informed choices about their health. Europeans should
have access to quality medicine information from all sources, including
from pharmaceutical companies (see "information to patients").
EDL EDL
(Essential Drugs List
The WHO Model List of Essential Drugs was developed in the 1970s to
stimulate the rational availability of medicines in developing countries.
Essential Drugs are those that meet the health needs of the majority
of the population. They should be available at all times in adequate
amounts and in appropriate dosage forms. The WHO Model List of Essential
Drugs enables developing countries to indentify priorities and make
their own drug selection. It is to be noted that over 90% of the essential
drugs contained in the WHO Model List are off-patent and can therefore
be legally copied, at virtually no cost, by generic companies.
EMEA EMEA
(European Agency for the Evaluation of Medicinal Products)
The
European Agency for the Evaluation of Medicinal Products, now called
European Medicines Agency, began its activities in 1995. Based in
London, the Agency coordinates the existing scientific resources of
the Member States in order to evaluate and supervise medicinal products
for both human and veterinary use throughout the European Union.
EPAR
European Public Assessment Report - Reflects the scientific conclusion
reached by the Committee for Proprietary Medicinal Products (CPMP)
at the end of the centralised evaluation process and provides a summary
of the grounds for the CPMP opinion in favour of granting a marketing
authorisation for a specific medicinal product.
Epidemic
A widespread occurence of a disease affecting many persons simultaneously
in a community or area.
GATT
(General Agreement on Tariffs and Trade)
A comprehensive free-trade treaty signed
in 1947 by 117 nations, including almost every developed country.
The goal of GATT has been to promote global economic growth by encouraging
and regulating world trade. Among other things, member countries are
required to treat all other member countries equally in the application
of import and export tariffs, offer basic copyright protection to
authors from member countries, consult with each other about trade
matters and attempt to resolve differences in a peaceful manner. GATT
created an international regulatory body known as the World Trade
Organization (WTO) to enforce compliance with the agreement.
Generic
An off-patent medicine. Until the patent expires, only the company
that discovered a new medicine may produce it. After patent expiry
any company may produce the same generic compound.
Genes
Genes are formed from DNA, carried on the chromosomes and are responsible
for the inherited characteristics that distinguish one individual
from another. Each human individual has an estimated 100,000 separate
genes. More generally the term 'gene' may be used in relation to the
transmission and inheritance of particular identifiable traits.
Gene
Therapy
The replacement of a defective gene
in an organism suffering from a genetic disease. Recombinant DNA techniques
are used to isolate the functioning gene and insert it into cells.
Over 300 single-gene genetic disorders have been identified in humans.
A significant percentage of these may be amenable to gene therapy.
Genome
The total set of genes carried by an individual or cell.
Genomics
The study of genes and their function. Recent advances in genomics
are bringing about a revolution in our understanding of the molecular
mechanisms of disease, including the complex interplay of genetic
and environmental factors. Genomics is also stimulating the discovery
of breakthrough healthcare products by revealing thousands of new
biological targets for the development of drugs, and by giving scientists
innovative ways to design new drugs, vaccines and DNA diagnostics.
Genomics-based therapeutics include "traditional" small chemical drugs,
protein drugs, and potentially gene therapy.
GCP
(Good Clinical Practice)
International ethical and scientific quality
standard for designing, conducting, recording and reporting trials
that involve the participation of human subjects. Compliance with
this standard provides public assurance that the rights, safety and
well-being of trial subjects are protected, consistent with the principles
that have their origin in the Declaration of Helsinki, and that the
clinical trial data are credible.
GMP
(Good Manufacturing Practice)
Under
this regulation, all pharmaceutical manufacturing companies in Europe
are required to comply with rules setting controls over manufacturing
processes and inspections of manufacturing sites.
Hatch-Waxman
Act
In the US, the Hatch-Waxman Act (1984) struck a balance by making
generic drugs more widely available and continuing incentives for
pioneer companies to develop new drugs. Generic companies have a limited
right to infringe on a patent, so they can get an early start on the
approval process. Since the law's passage, the generic drugs' share
of the market has grown to nearly 50 percent.
Health
- WHO definition
Health is a state of complete physical,
mental and social well-being and not merely the absence of disease
or infirmity. Article 152 ofthe Treaty on the European Union states
that a "high level of human health protection shall be ensured
in the definition and implementation of all Community policies and
activities".
Health
Outcome
Changes in health status (mortality and
morbidity) which result from the provision of health (or other) services.
Health
Outcomes Research
Refers to a discipline/methodology to assess
the value added - including direct, indirect and intangible benefits
- of a particular medicine. Industry considers that such considerations
(also referred to as "pharmacoeconomics" or "cost-effectiveness
studies") are not appropriate in the marketing approval process
which must focus solely upon quality, safety and efficacy.
HMO
(Health Maintenance Organization)
Is a health
plan that is also involved in how your health care is delivered. Managed
care refers to health plans coordinating your health care with you
and the providers that participate in the health plan. HMOs are the
most common type of managed care.
Hormone
A hormone is a
molecule produced by a gland or tissue. Usually transported by the
blood, a hormone affects an organ or other tissue located at a distance.
For example, the pancreas produces insulin, which regulates the level
of sugar throughout the organism. Hormones are “messengers” that,
in concert with the nervous system, coordinate the activities of billions
of cells in the human body.
ICH
(International Conference on Harmonisation) ICH
The International Conference on Harmonisation of Technical Requirements
for Registration of Pharmaceuticals for Human Use (ICH) is a unique
project that brings together the regulatory authorities of Europe,
Japan and the United States and experts from the pharmaceutical industry
in the three regions to discuss scientific and technical aspects of
product registration. The purpose is to make recommendations on ways
to achieve greater harmonisation in the interpretation and application
of technical guidelines and requirements for product registration.
Incidence
The number of new patients affected by the disease per annum
Informed
consent
The concept of informed consent (required to participate in clinical
trials) is based on the principle that a physician/doctor has the
duty to disclose to a patient information (e.g. potential risks, benefits
and alternatives) that allows the patient to make reasonable decision
regarding his or her participation in a clinical study.
INN
When a molecule is shown to have
some useful activity, it is given an international non-proprietary
name (INN), based on internationally agreed rules, which is submitted
for approval to a special committee at the World Health Organisation.
Innovation
Technological progress that leads to the
creation of an entirely new product (product innovation) or a reduction
in the cost of producing (process innovation) or an increase in the
therapeutic value of an existing product for patients. Innovations
can lead to new active substances, new indications for existing products
or new ways of administering the same product.
International
Exhaustion of International Property Rights
A theory which is based on the territoriality of rights and implies
that after the legitimate first sale of a protected good in a country
anywhere in the world, the owner of the intellectual property right
on this product loses his right to restrict its (re-)exportation in
any other country.
In
Europe, international exhaustion is not in place and the current Community-wide
exhaustion regime for trademarks allows trademarks holders in the
EU to ban imports of branded goods from outside the territory of the
EU into the Community. The same situation prevails for patented goods.
By
contrast, the EU authorities consider the European Union as a single
and unified territory where protected goods can freely circulate between
the Member States. Consequently, parallel import is allowed within
the territory of the EU.
IPRs
(Intellectual Property Rights)
The area of law that regulates the ownership and use of creative works,
including patent, copyright and trademark law. Intellectual property
rights have been developed to protect creative people who have disclosed
their work for the benefit of humankind from having it copied or imitated
without their consent.
LDC
Least
Developed Countries (currently 49 countries).
Developing countries are distributed under income groups : high income,
middle income, low income (see UNCTAD)
Medicinal
Product
Under EU law a medicinal product is defined
as any substance or combination of substances presented for treating
or preventing diseases in human beings or animals. Any substance or
combination of substances which may be administered to human beings
or animals with a view to making a medical diagnosis or to restoring,
correcting or modifying physiological functions in human beings is
likewise considered a medicinal product. See
Directive 2001/83/EEC
amending directive 65/65/EEC setting
out the framework of the pharmaceutical regulation.
MedDRAMedDRA
Medical Dictionary for Regulatory Activities Terminology. This critical
medical resource, was developed by the International Conference on
Harmonisation (ICH) and is owned by the International Federation of
Pharmaceutical Manufacturers Association (IFPMA).
By providing one source of medical terminology, MedDRA improves the
effectiveness and transparency of medical product regulation worldwide.
MEP
Member of the European Parliament
Millennium Development Goals (MDGs)
The Millennnium Development Goals
(MDGs), adopted at the Millennium Summit of the United Nations in
September 2000, call for a dramatic reduction in poverty and marked
improvements in the health of the poor. The goals and targets represent
a partnership between the developed countries determined to "create
an environment which is conducive to development and the elimination
of poverty"
Monopsomy
A situation
in which the entire market demand for a product or service consists
of only one buyer
Morbidity
The relative incidence of a particular disease in a specific locality
Mortality
Number of deaths in a given period
Mutual
Recognition
Under this procedure a marketing authorisation granted by one Member
State is extended to one or more other Member States selected by the
applicant. This procedure applies to the majority of conventional
medicines.
NGO
Non Governemental Organisation
NMEs
New molecular entities: products (including new chemical entities
(NCEs), biological products, vaccines and products of biotechnology)
that have not been previously available for therapeutic use in humans
and are destined to be made available as prescription-only medicine,
to be used for the cure, alleviation, treatement, prevention or in
vivo diagnosis of diseases in humans.
ODA
Official Development Assistance
Orphan
Drug
A drug which only has a limited target population
or which treats a rare disease thus limiting its commercial and financial
potential. First enacted in the US (in 1983), the Orphan Drug Act
was developed to help these patients and provides incentives (a period
of market exclusivity and a tax credit for research expenses) to help
make it commercially feasible to develop these drugs. In Europe, the
Orphan Medicinal Product Regulation was adopted much later (in December
1999), to stimulate the development in the EU of pharmaceuticals for
the diagnosis, prevention and treatment of some 5,000 diseases that
are classified as "rare" and affect not more than 5 in 10,000 persons
in the European union.
OTC
(Over the counter)
A medicine available without a prescription.
Outpatient
Care
Medical services that are provided without the need for an overnight
stay in a hospital, such as through an ambulatory care clinic or emergency
department.
Pandemic
Disease affecting persons over a wide geographical
area (extensively epidemic).
Parallel Trade
Parallel trade is the purchase of goods at low prices in one country
and the subsequent resale of those goods at higher prices in another
country.
Patent
A patent is a legal, public document granting an intellectual property
right to the patent holder. At the same time the information relating
to the invention is made public, thereby enhancing the public good
and protecting the rights of the inventor. In exchange for publication
of his or her patent, the inventor is rewarded a limited monopoly
allowing the patent holder to prevent others from making, using or
selling the patented product. The monopoly is limited as to time (now
20 years from the date of filing of the patent application) and by
national boundaries (where the patent has been granted). Patents for
inventions are granted only if three conditions are met : Novelty,
industrial applicability and inventive step.
Pharmacodynamics
Deals with the influence of genes
on the interactions between medicines and their molecular targets.
Pharmacogenetics
Describes the influence of genes on the efficacy and side effects
of medicines.
Pharmacogenomics
Studies interactions
between medicines and the genome.
Pharmacokinetics
Investigates the update, conversion and breakdown of medicines in
the body overtime. Environmental factors, diet and genetic predisposition
all play a role.
Pharmacology
Pharmacology is a broad discipline encompassing
all aspects of the study of drugs, including their discovery, development
and actions.
Pharmacovigilance
Refers
to the careful monitoring and continuous surveillance of the safety
of an authorised medicinal product during its life on the market.
PIL
- Patient Information Leaflet
Provides a set of information, in a particular order, accompanying
each medicine. It is usually the only source of information on how
to use a medicine safely and effectively, when the patient actually
takes the medicine.
PIM
- Product Information Management
PIM is a project that was initiated in
1999 to develop a new way of handling product information. Its membership
has been drawn from EMEA, Member State competent authorities and EFPIA
members. It has gone through several phases, which have culminated
in the publication of the PIM standard. Should you need more information
please visit the EMEA website at http://pim.emea.eu.int/whatispim.htm
Prevalence
The
percentage of population which is affected by a disease
Primary
Care
The "medical home" for a patient, ideally providing continuity and integration
of health care. All family physicians and most pediatricians and internists
are in primary care. The aims of primary care are to provide the patient
with a broad spectrum of care, both preventive and curative, over
a period of time and to coordinate all of the care the patient receives.
Proteins
Proteins
are formed by connecting much smaller molecules, amino acids , into
a chain. Some proteins contain a few tens of amino acids while others
are made of thousands. Each protein has a characteristic structure
that depends on the order of its amino acids and the manner in which
the chain folds in space. This structure determines the function of
the protein: transport function (haemoglobin transports oxygen by
way of the blood), defence against microorganisms (antibodies), hormonal
activity (insulin, adrenalin, etc.), activation of biochemical reactions
within cells ( enzymes ), and many others.
Proteomics
Proteomics is the systematic analysis of
all protein sequences and protein expression patterns in tissues,
which involves the isolation, separation, identification and functional
characterization of all of the proteins in an organism. Genes encode
proteins that perform all of the fundamental activities within cells.
Proteins transmit messages, repair damage, provide the building blocks
for tissues and carry out reactions essential for life. Proteins are
the molecular machines that carry out genetic instructions. Abnormalities
in protein production or function have been connected to many diseases
and health conditions. To understand how best to treat a particular
disease, it is necessary to identify the proteins associated with
that disease and to understand how they function.
Public
Health
Public health is covered by Article 152 of the EC Treaty, which was
introduced by the Treaty of Maastricht. This article states that Community
action is to focus on the prevention of illnesses, including drug
addiction, by promoting research into their causes and their transmission,
as well as health information and education. The Treaty of Amsterdam
reinforces these objectives by requiring that the definition and implementation
of all Community policies and activities ensures a high level of human
health protection. Under Article 152 action towards these ends may
involve Community measures, complementing action by the Member States.
But the main approach should be to encourage cooperation between the
Member States, in line with the subsidiarity principle.
Reference
Pricing
The practice
of setting the price and/or reimbursement level of medicines according
to the price set in other EU Member States. Such practice undermines
price competition and jeopardizes incentives for innovation and R&D.
Mixing patented and off-patent medicines in the same category of reference
pricing is even worse because it prevents price competition both among
generics and branded medicines, rewards imitation, and penalizes innovation.
Rx
Prescription medicine (in the US)
Secondary
care
Secondary care is the term for care in hospital
Serendipity
The faculty of making fortunate discoveries
by accident
SITC
Standard International Trade Classification
SMEs
Small and medium size enterprises
SmPC
(Summary of Product Characteristics)
In order for a medicinal product to be evaluated either by the competent
authorities of Member States or by the EMEA, a company must submit
a dossier. This dossier, which in terms of content and presentation
must comply with current European guidelines (Directive
65/65/EEC amended by Directive 83/570/EEC), is comprised of four
parts. The first part contains administrative information and a summary
of the dossier, which includes the Summary of Product Characteristics.
In European jargon, this information is usually referred to as the
SPC or SmPC, which forms an intrinsic and integral part of the marketing
authorisation.
SPC
(Supplementary Protection Certificate)
The SPC applies to pharmaceutical products and was brought into effect
by Regulation in the European Union on January 2 1993. The SPC has
a maximum term of 5 years to give a maximum effective patent life
of 15 years from the date on which a product is authorized for first
marketing in a EU country.
Stem
cell
Stem
cells are unspecialized “master” cells that differ from other kinds
of cells in the human body in that they have a unique capacity to
multiply and differentiate into many types of specialized cells and
tissues. Stem cells exist at all stages of human development from
early embryos to foetuses to adults. There are three types of stem
cells: embryonic, foetal and adult. While the use of adult stem cells
is well accepted and non-controversial, research into embryonic and
foetal stem cells raises a number of ethical questions.
Subsidiarity Principle
It is
a fundamental
principle of European Union law. According to this principle, the
EU may only act (i.e. make laws) where member states agree that action
of individual countries is insufficient. The principle was established
in the 1992 Treaty of Maastricht, and is contained within the proposed
new Treaty establishing a constitution for Europe.
Transparency
Committee
The Transparency Committee, established
under Directive 89/105/EEC (and often referred to as "the Transparency
Directive"), is made up of Member State representatives responsible
for the pricing and reimbursement of pharmaceuticals and advises the
Commission on matters relating to the Transparency Directive.
TRIPS
(Trade-Related Aspects of Intellectual Property Rights)
The WTO TRIPS Agreement is a major achievement
of the GATT's so-called "Uruguay Round", which sets up minimum international
standards of intellectual property rights, including patents, and
for enforcement of those rights, which each member of the WTO must
incorporate into its national laws.
Vaccine
Refers to the introduction of vaccine - attenuated or killed micro-organisms
(bacteria or viruses) - into the body for the purpose of inducing
protective immunity against infectious diseases. Conventional prophylactic
vaccines aim at stopping people becoming infected. Therapeutic vaccines
are products that stimulate the immune system of people with chronic
infection to eliminate the virus from their bodies. Vaccine preparations
can be natural, synthetic or derived by recombinant DNA technology.
Virus
A microorganism smaller than a bacteria, which cannot grow
or reproduce apart from a living cell. A virus invades living cells
and uses their chemical machinery to keep itself alive and to replicate
itself.
WHO
(World Health Organisation)
Founded in 1948 with headquarters based in Geneva, the World Health
Organisation is a specialised agency of the United Nations with 191
Member States, which promotes technical cooperation for health among
nations, carries out programmes to control and eradicate disease and
strives to improve the quality of human life.
WTO
(World Trade Organisation)
Created by the Uruguay Round negotiations and established since 1
January 1995 in Geneva, the World Trade Organisation (WTO), with a
membership of 153 governments, aims at being a place where member governments try to sort out the trade problems they face with each other. |