Author : EconomyWatch

Free trade is commerce between countries without government interference and protective duties. An agreement between various countries to trade goods and services without preferences, quotas, tariffs or excise duties...

The Heckscher-Ohlin model assumes huge importance in the context of international trade. Developed by two renowned Swedish economists named Eli Heckscher and Bertil Ohlin, this general equilibrium model of...

Trade policy defines standards, goals, rules and regulations that pertain to trade relations between countries. These policies are specific to each country and are formulated by its public officials....

Apart from the global trading agreements, there are many regional trading blocs designed for reducing protectionism and fostering world trade. Some of the trade blocs in the world are...

Imports data provides comprehensive information on a country’s sources, worth and nature of imported merchandise. The data is measured by collecting, compiling and calculating import-related statistics obtained from various...

Firms that are involved in international trade activities, i.e. the import and export of goods and services, are called trade companies. Since the operations of these companies span across...

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...

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,...

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....

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...