5 International Trade Terms to Know + 4 Bonus: Week 5


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It’s that time again! It’s time for this week’s installment of International Trade Terms to Know. Last week, we looked at international trade terms starting with D. This week we’re doing the E’s. Let’s get to learning, shall we?

Note that these terms are culled from our Trade Dictionary on www.globial.com. If you’re ever looking to learn something, you can always sign up for free on Globial. Not only that, you can also ask questions, find new business opportunities, and network with other businesses!

When you’re just starting out as an international business, it’s easy to be overwhelmed by all the unfamiliar lingo and words used in the global trade. That’s why we’re here, bringing you 5 trade terms every week to help build your foundation, increase your knowledge, and help you get an edge on a global scale.

Easement : A right to use another person’s property.

East African Community [EAC] : An Organization comprising of the five East African countries of Burundi, Kenya, Rwanda, Tanzania, and Uganda. They share a common economic policy of free trade within the community.

Eclectic paradigm : A theory in international economics stating that there are three specific advantages benefiting a multinational corporation: Ownership advantages, Location advantages, and International advantages.

Economic and Monetary Community of Central Africa : An Economic community consisting of the six central African countries: Cameroon, Central African Republic, Chad, Equatorial Guinea, The Republic of Congo, and Gabon.

Economic Exposure : The increase or decrease in the value of a company with foreign investments, depending on the fluctuation of international currency exchange rates.

And don’t forget the 4 bonus terms I promised. Generous, aren’t we?

Economic Integration : Trade unification between different nations by the elimination of tariff and non tariff barriers on the flow of goods and services.

Economic Risk : The possibility of an investment being negatively affected by an economic downturn.

Economic Union : A unit formed between two or more countries, essentially forming one larger country from an economic standpoint. There is free movement of goods and services among the member countries as well as harmonization of fiscal policies.

Economies of Scale : The cost advantages a business obtains by achieving lower average cost per unit through a larger scale of production.

Come back again next week for the next installment of International Trade Terms to Know!

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  1. […] It’s time for this week’s installment of International Trade Terms to Know. Last week, we looked at international trade terms starting with E. This week we’re doing the F’s. Let’s get to learning, shall […]



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