Search results for keyword: multilateral
multilateral trading system
Introduction
multilateral trade systems are an important part of international trade in the modern world. These systems provide mechanisms for countries to open their markets and exchange goods and services, thereby benefiting both consumers and producers in different countries. This paper will d......
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multilateral trading system
Introduction
The World Trade Organization ( WTO ) is an international organization that sets the rules of international trade between countries. It seeks to do so by encouraging fair trade, protecting the environment, and promoting economic growth. The WTO’s main goals are to ensure that countri......
fair Trade
Fair Trade
In trade, fair or open trade means trade between countries that follows certain principles and practices in order to ensure that all parties involved benefit. The World Trade Organization (WTO) is the main body responsible for setting the rules of international trade. The WTO sets the ......
International Trade Law
The Role of International Trade Law in a Globalized World
International trade law has long been an essential element of any successful global economy. In todays world of increasing globalization, international trade has become even more important, and the relevance of international trade law has......
international trade imbalance
Nowadays, the imbalance of international trade has become the most important topic in the logistics market. The global logistics industry has been developed for many years, with advanced technology and management tools, and the trade volume of goods global is significantly increasing. With the unb......
Glossary related to world trade
World Trade Vocabulary
Imports: Goods and services purchased from another country.
Exports: Goods and services sold to another country.
Tariff: A tax placed by a government on imports.
Contract: An agreement between two parties to do something.
Export Licence: Government authorization to expo......
Big economic and trade strategy
Market Expansion Strategy
When a company decides to expand into a new market, it is essential that plans for market entry and operations are carefully thought out and implemented in order to maximize the chances of success. A sound strategy is required to ensure effective market entry and the est......
preferential tariff
Special Tax Benefits
Taxes can be a significant burden on businesses, individuals, and families. That’s why governments around the world often offer special tax benefits to incentivize investments and encourage economic growth. These benefits can range from income-tax deductions to exemptions fr......
third country dumping
Dumping is a situation when an exporting country (or a company in the exporting country) sells the goods in another country at a price lower than the domestic price or the price in the international market. In the world trade, dumping is considered as a violation and is prohibited by many bilatera......
Incoterms related to international trade practices
International Commercial Terms
International Commercial Terms (Inco Terms) are terms used in international trading contracts, defined by International Chamber of Commerce (ICC) to ensure clarity of any trade agreement between two partner traders throughout different countries. The standardized se......
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