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Ic Im In Ir Is

International procurement

The process of allowing firms around the world to bid on contracts for goods and services. The concept has gained popularity as shipping and transportation costs have decreased due to an influx of cheap, readily available fuel. The globalization of…

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INTRACEN

The International Trade Center is a Geneva based organization that belongs to the United Nations and provides a wide range of technical assistance to developing countries seeking to expand and promote their export potential. Website.

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Intrastat

This is the system for collecting statistical data on the trade between members States of European Union (EU). When a country becomes a member state of the EU, the customs control over the goods movement between this country and other…

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Invisible barriers to trade

Government regulations that do not directly restrict trade, but indirectly impede free trade by imposing excessive or obscure requirements on goods sold within a country, especially imported goods. These regulations are often known to business owners within the country, because…

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Invisible trade

Non-merchandise items such as freight, insurance, and financial services that are included in a country´s balance of payments accounts (in the current account), even though they are not recorded as physically visible exports and imports. Also called invisibles. See balance…

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