Category: International Trade
Trade In India
Trade and commerce have been the backbone of the Indian economy right from ancient times. Textiles and spices were the first products to be exported by India. The Indian trade scenario evolved gradually after the country’s independence in 1947. From the 1950s to the late 1980s, the country followed socialist policies, resulting in protectionism and heavy regulations on foreign companies conducting trade with India. India’s international trade situation improved when Prime Minister Rajiv Gandhi reformed the trade policies in the late 1980s.
Trade School
Nothing can be worse than studying subjects that have no relevance or applicability to your workplace, trade or profession. A lot of us face the dilemma of having gone through such an educational format. That is why vocational education and trade schools are relevant. They are basically post-secondary training institutes for adult-learners who want to gain immediate job-specific skills. Whatever trade school you opt for, make sure that it is accredited.
Japan In Trade
Japan’s trade has been dominated by the high-yielding manufacturing industry. While the government has been trying to push exports, the country’s trade still comprises of huge imports.
Japan Trade: Role in International Economy
Japan is a member of several important international organizations such as the IMF, the WTO, and the OECD. It is also a leading member of the Asian Development Bank, which has been constituted to monitor and regulate economic operations in the region.
International Free Trade Zone
Free Trade Zone, popularly known as FTZ, is an area where goods may be traded without any barriers imposed by customs authorities like quotas and tariffs. Free Trade Zone (FTZ) is a special designated area within a country where normal trade barriers like quotas, tariffs are removed and the bureaucratic necessities are narrowed in order to attract new business and foreign investments.
Trade Agreement
Trade agreements between two or more countries involve reaching an understanding on tax, tariff and restrictions applicable on the export and import of goods and services. These treaties, which also include investment guarantees, typically aim to establish a ‘free trade area,’ where goods and services can be exchanged across territorial boundaries without imposing tariffs. The countries (regions) forming a free trade area impose a common tariff on goods and services sold to non-member countries.
