Search results for keyword: afta
ASEAN Free Trade Area
Introduction
The Association of Southeast Asian Nations Free TradeArea (afta) is an intergovernmental trading bloc among the ten members ofthe Association of Southeast Asian Nations (ASEAN): Brunei, Cambodia,Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand andVietnam. It was e......
19/07/2023 
1031 
Sophia
Geographic direction of foreign trade
International Trade Geography
International trade is widely recognized as one of the engines of global economic growth, providing not only new opportunities for many countries, but also stimulating global economic development. As such, it is an increasingly important part of the international eco......
trade agreement
Free Trade Agreement
A free trade agreement is an agreement between two or more nations to eliminate or reduce barriers to the international movement of goods and services between the nations. An example of a free trade agreement is the North American Free Trade Agreement (Nafta). It is a trade ......
trading
International Trade in the 21st Century
International trade in the 21st century is a rapidly changing, global phenomenon. Fueled by advances in science, technology, communications and transportation, the flow of goods, services and people across borders has never been greater. Today, countries th......
single economy
Single Economy
Economists define single economy as an economic system in which economic activities are carried out between two countries by a single currency. In contrast to the multicurrency system, which is based upon multiple nations utilizing multiple currencies, a single economy can be seen ......
economic union
Introduction
The Economic and Trade Union (ETU) is a international economic and trade body dedicated to promoting global economic growth, investment, and open trade. Established in 2021, the ETU is made up of 25 member states, with a wide reach in the economic and trade arena. The mission of the ......
economic terms
Foreign Trade
Foreign trade is an important component of the economy of any country. All countries need to be able to export goods and services to other countries and import goods and services from other countries in order to have a strong economy. This type of trade makes it possible for countri......
rules of origin
Rules of Origin
Rules of origin are used to determine the country of origin of a product, which can be important in the assessment of tariffs, taxes and other trade restrictions. It is essential that companies understand the rules of origin; this will ensure that the right information is provided......
Conventional Tariff
Introduction
For centuries, economies around the world have adopted tariffs and other trade restrictions to protect their own industries and promote their own interests. This is done in a number of ways, such as import quotas, export subsidies and customs duties. The World Trade Organization (WTO......
Economic Integration
Economic Integration
Economic integration is the process by which multiple countries join forces to reduce trade barriers, such as tariffs and quotas, in order to increase trade and investment between them. Economic integration is a global trend that is gaining momentum as countries seek to benef......
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