International Management & Trade
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Export.govExport topics include success stories, export finance, trade data, “Doing Business In” Guides, HS Codes, tariffs, & taxes, export controls, licenses, IPR, trade complaints & advocacy, promote products overseas.
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Foreign Trade Barrier ExamplesThough there are many different ways that foreign governments can discriminate against U.S. exports and investment, the following listed examples are the most common foreign government imposed trade barriers that the U.S. companies encounter abroad.
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International Monetary Fund (IMF)The IMF’s primary purpose is to ensure the stability of the international monetary system- the system of exchange rates and international payments that enable countries (and their citizens) to transact with each other. The Fund’s mandate was updated in 2012 to include all macroeconomics and financial sector issues that bear on global stability.
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Multilateral Development BanksThe Department of Treasury leads the Administration’s engagement in the multilateral development banks (MDBs), which include the World Bank, Inter-American Development Bank, Asian Development Bank, the African Development Bank, and the European Bank for Reconstruction and development.
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OECD (Organization for Economic Co-operation & Development) (some free)The OECD provides a forum in which governments can work together to share experiences and seek solutions to common problems. They work with governments to understand what drives economic, social and environmental change. They measure productivity and global flows of trade and investment. They analyze and compare data to predict future trends.They set international standards on a wide range of things, from agriculture and tax to safety of chemicals.
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U.S. Department Of Commerce: Bureau of Economic AnalysisInternational trade and country facts focuses on activities of multinational corporations, U.S. trade in goods and services, for individual countries and country groupings. The website also looks at direct investment.
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World Trade OrganizationThe World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business.
Terms & Phrases
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Absolute AdvantageAbsolute Advantage is an economic concept that is used to refer to a party’s superior production capability.
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Balance of PaymentsThe balance of payments is a systematic record of all economic transactions between residents of one country and residents of other countries.
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Balance of TradeThe balance of trade is the difference in value over a period of time between a country’s imports and exports of goods and services, usually expressed in the unit of currency of a particular country or economic union.
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Bill of LadingBill of lading is a documented executed by a carrier, acknowledging receipt of goods and embodying an agreement to transport the goods to a stated destination.
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Joint VenturesA joint venture is a partnership or alliance among tow or more business or organizations based on shared expertise or resources to achieve a particular goal.
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Letter of CreditLetter of credit is an order from a bank to a bank or other party abroad authorizing payment of money to a person named in the letter.
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What is International Trade?International trade and the accompanying financial transactions are generally conducted for the purpose of providing a nation with commodities it lacks in exchange to those that it produces in abundance.
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Multinational Corporation (MNC)A multinational corporation (MNC) is also called a transnational corporation, which is any corporation that is registered and operates in more than one country at a time.