Foreign Trade

Foreign Trade

1. DUTY

   • Tax that appliers to all goods that are exported and imported

2. PACKING LIST

   • List of everything to be exported

3. PETITION

   • Document that certifies the contribution of your company in each export and import activity that is carred out

4. NON-TARIFF

   • Trade barriers that restrict imports or exports of goods or services through mechanisms other that the simple imposition of tariffs

5. FOREIGN TRADE CONTRIBUTIONS

   • Are those taxes and tariffs that are paid in terms of imports and exports

6. COMPETITIVE ADVANTAGE

   • Actors that allow a company to produce goods or services better or more cheaply that its rivals

7. COMPARATIVE ADVANTAGE

   • Economy's ability to produce a particular good or service at a lower opportunity cost that its trading partners

8. TARIFF FRACTION

   • Code used to classify merchandise

9. OPPORTUNITY COST

   • Amount of potencial gain an investor misses out on when they commit to one investment choice over another

10. COMMERCIAL VALUE

    • Actual selling price of a company's products

11. BALANCE OF TRADE

    • Different between the monetary value of a nation's exports and imports over a certain time period

12. DUMPING

    • Continued practice of selling products and services bellow their cost price

13. HARBOR

    • Space on the sea coast speciality oriented to the flow of goods or people

14. INCOTERMS

    • International Commercial Terms

15. INTERNATIONAL MARKETS

    • Set of economic transactions that involve the exchange of goods, service between different countries

16. CUSTOMS CLEARANCE

    • Acts and formalities related to the entry of merchandise into the national territory and its exit from it

17. CUSTOMS

    • Agency that is responsible for tariff collection and control of movement of goods

18. TYPE OF TRANSPORT

    • Vehicles used to transport people of goods

19. CUSTOMS CLEARANCE

    • Destination of the goods subject to foreign trade that are subject to customs control

20. INSURANCE

    • Contract in which an insurer indemnifies another against losses from specific contingencies or perils

21. PACKING

    • Wrapper that brings together several units of the same product

22. PACKAGING

    • Container that stores containes and packaging to protect them