An impediment to trade, often included in one of the following classifications: Import policies (tariffs and other import charges, quantitative restrictions, import licensing, and customs barriers). Standards, testing, labelling, and certifications. Government procurement. Export subsidies. Lack of intellectual property rights…
Read MoreTrade deficit
A nation´s excess of imports over exports over a period of time.
Read MoreTrade facilitation
Removing obstacles to the movement of goods across borders (e.g. simplification of customs procedures).
Read MoreTrade surplus
A nation´s excess of exporters over imports over a period of time.
Read MoreTrade terms
The terms of a sale. The setting of responsibilities of the buyer and the seller in a sale, including: sale price, responsibility for shipping, insurance and customs duties. The most widely used trade terms ate Incoterms 2010, which are published…
Read More