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FrançaisAn intermediary employee by foreign firms for the purpose of gaining contacts, language ability, or knowledge of local business practices. A go-between can be effectively used by either side in a negotiation to help smooth over a variety of social,…
Read MoreGold reserves
Gold retained by a nation´s central bank, forming the backing of currency that the nation has issued.
Read MoreGold standard
A monetary agreement whereby all national currencies are backed 100% by gold and the gold is utilized for payment of foreign activity.
Read MoreGoverning law clause
In a transaction with no foreign element involved it will not usually be necessary to specify the system of law which is to govern the transaction or the courts which are to have jurisdiction in the event of a dispute….
Read MoreGovernment procurement
A System through which official governments agencies purchase goods and services. Government procurement policies and practices may constitute non tariff barriers to trade if they discriminate in favour of domestic suppliers when competitive imported goods are cheaper or of better…
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