6 Terms
Home > Industry/Domain > Economy > International trade
International trade
The buying and selling of goods, services and capital across international borders or territories.
Industry: Economy
Add a new termContributors in International trade
International trade
Spot exchange
Economy; International trade
The purchase or sale of foreign exchange for immediate delivery.
Remitting bank
Economy; International trade
The bank that sends the draught to the overseas bank for collection.
Phytosanitary inspection certificate
Economy; International trade
A certificate, issued by the U.S. Department of Agriculture to satisfy import regulations for foreign countries, indicating that a U.S. shipment has been inspected and is free from harmful pests and ...
Pro forma invoice
Economy; International trade
An invoice provided by a supplier prior to the shipment of merchandise, informing the buyer of the kinds and quantities of goods to be sent, their value, and important specifications (weight, size, ...
Political risk
Economy; International trade
In export financing, the risk of loss due to such causes as currency inconvertibility, government action preventing entry of goods, expropriation or confiscation, and war.
Purchasing agent
Economy; International trade
An agent who purchases goods in his or her own country on behalf of foreign importers such as government agencies and large private concerns.
