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t. e. An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an exporter; the foreign buyers is an importer. [ 1] Services that figure in international trade ...
International trade is the exchange of capital, goods, and services across international borders or territories [ 1 ] because there is a need or want of goods or services. [ 2 ] (see: World economy ) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout ...
The Export Administration Regulations ( EAR) are a set of United States export guidelines and prohibitions. They are administered by the Bureau of Industry and Security which regulates the export restrictions of sensitive goods. [citation needed] The EAR apply to scenarios where something is exported from the US, re-exported from a foreign ...
Export control is legislation that regulates the export of goods, software and technology. Some items could potentially be useful for purposes that are contrary to the interest of the exporting country. These items are considered to be controlled. The export of controlled item is regulated to restrict the harmful use of those items. [ 1]
Admiralty law. The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. [ 1] Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability ...
Re-exportation. Re-exportation, also called entrepot trade, is a form of international trade in which a country exports goods which it previously imported without altering them. One such example could be when one member of a free trade agreement charges lower tariffs to external nations to win trade, and then re-exports the same product to ...
Trade promotion (international trade) Trade promotion (sometimes referred to as export promotion) is an umbrella term for economic policies, development interventions and private initiatives aimed at improving the trade performance of an economic area. Such an economic area can include just one country, a region within a country, or a group of ...
Balance of trade is the difference between the monetary value of a nation's exports and imports over a certain time period. [ 1] Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow variable of exports and imports over a given period of time.