International law
Forms of international business
Trade
Import and export of goods and services.
Export is the shipment of goods out of a country or the rendering of service to a foreign buyer located in a foreign country.
Importing is the entering of goods into the customs territory of a country or the receipt of services from a foreign provider.
Comparative advantage – exists if the costs of production and price received fro the goods allow the goods to be sold for a higher price in a foreign country than at home.
Export plan
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Direct exporting – refers to a type of exporting where the exporter assumes responsibility for most of the export functions, including marketing, export licensing, shipping and collecting payment.
Indirect marketing – is used by companies that do not have the experience, personnel, or capital to tackle a foreign market by themselves. The firm can use specialised intermediaries that that can take on many of the export functions – marketing, sales, finance, and shipping.
Tariffs – are import duties or taxes imposed on goods entering the customs territory of a nation. They may include:
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Non-tariff barriers – are all barriers to importing or exporting other than tariffs. Laws or administrative regulations that have the effect, directly or indirectly, of restricting access of foreign goods or services to a domestic market.
Quota – is a restriction imposed by law on the numbers or quantities of goods, or of a particular type of goods, allowed to be imported.
Embargo – used when referring to a total or near-total ban on trade with a foreign country or countries. Can include...