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…
Read MoreInvisible 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…
Read MoreInvitation to tender (ITT)
Asking potential suppliers to submit tenders to supply goods or services.
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