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FrançaisThe part of a country´s balance of payments that records current (as opposed to capital) transactions, including visible trade (income and expenditures for services), profits earned from foreign operations, interests and transfer payments. See balance of payments.
Read MoreCurrent balance
The value of all exports (goods plus services) less all imports of a country over a specific period of time, equal to the sum of the trade (visible) and invisible balances plus net receipts of interests, profits and dividends from…
Read MoreCustoms union
An association between two or more countries to eliminate tariffs and other import restrictions on each other´s goods and establish a common tariff on the goods from all other countries. As in the free trade area, goods and services are…
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