ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
EXPORTING AND IMPORTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To help the international economy.
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To satisfy the demand of needs.
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To obey international laws and trade agreements
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None of the above
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Detailed explanation-1: -National Treatment Principle: Imported and locally-produced goods should be treated equally-at least after the foreign goods have entered the market. The same should apply to foreign and domestic services, and to foreign and local trademarks, copyrights and patents.
Detailed explanation-2: -Typically, the procedure for import and export activities involves ensuring licensing and compliance before the shipping of goods, arranging for transport and warehousing after the unloading of goods, and getting customs clearance as well as paying taxes before the release of goods.
Detailed explanation-3: -Generally, international trade law includes the rules and customs governing trade between countries. International trade lawyers may focus on applying domestic laws to international trade, and applying treaty-based international law governing trade.
Detailed explanation-4: -Firstly exporter must confirm the order. Procurement of the goods demanded by the buyer. Insistence on quality control. Finance for exporting goods. Labeling, Packaging, Packing and Marking the goods to be exported. Ensuring the goods to be exported. Delivery of the goods. Custom procedures. More items •29-Oct-2019