International Trade

A Letter of Credit (LC or LoC) is a mode of making payments for trade transactions. An LC is a highly popular payment mode because it allows an importer or buyer to make secure payments to the exporter or seller....

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...

Trade is what keeps economies and nations alive. Trade demands create domestic production and the inflows of funds from overseas. Countries that have limited domestic resources, such as Singapore, must be able to keep up with domestic production of various...

Global trade is the exchange of raw materials, goods and services across the geographical borders of countries across the globe. Foreign trade got its first impetus from the industrial revolution in the late eighteenth and early nineteenth century. Rapid development...

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...

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...

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...

In economic terms, duty or customs duty is a form of indirect tax levied on products that are traded internationally. Almost every nation imposes customs duty on imports, but export duty is a rare phenomenon.What is Import Duty?Import duty is...

Exports of goods from one country to another involve the participation of customs authorities of both the countries. It also includes those countries through which the goods pass through. Exporting goods and services to other countries is a key part...

Trade is what keeps economies and nations alive. Trade demands create domestic production and the inflows of funds from overseas. Countries that have limited domestic resources, such as Singapore, must be able to keep up with domestic production of various...

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 deficit is a situation when in an economy the imports are more than the exports. In such as case the economy is highly dependent on the import of goods. There are various factors for the trade deficit, such as...

 The following table shows the Annual percentage change of world Imports volumes. Levels of Imports are represented both in country wise and region wise over the years. Imports Volumes In Advanced Economies (Annual Percentage Change)     Ten-Year Average 2000...

The Baltic Dry Index or BDI is an international index to measure the cost of shipping raw materials, such as iron ore, coal, steel and cement, through the sea route. It is also known as BALDRY. The London-based Baltic Exchange...

Free market economy is what governs most of the trade in Australia. So, prices of goods are determined by the forces of demand and supply. There is minimal intervention from the government in regulating the trade market. Despite the dominance...