Global Trade

Government regulations to limit the import of goods and services.

Complex form of bartering involving several countries.

A long term partnership to help each company build competitive advantage

A tax on imports

Selling products to another country

Value of exports exceeds imports

Was intended for free-trade among the U.S. Canada and Mexico

A company owned by a foreign country by another company called the "parent company".

The value of one nation's currency relative to the currencies of other countries.

Pro of Global Trade

Buying property and businesses in a foreign country

Produce product in foreign country, paid a royalty

Two or more companies (often from different countries) join together for a major project.

Someone with a good idea for a business sells the rights to use the name, process/products.

Buying products from another country

1948 agreement on trade

Currently mediates disputes regarding trade

Selling products in a foreign country for less than you would in your own.

Limit on the number of products in certain categories that can be imported.

The European Union with its common external tariff & no internal is a trading bloc or a...

Organization that manufactures and markets products in many different countries, multi-stock ownership & management.

Movement of goods and services among nations without political or economic barriers.

Make and sell what you can most productively

When the value of a nation's currency is lower relative to other currencies.

Total value of nation's exports compared to imports over a particular period.

Money flows from one country to another (imports and exports but also tourism, foreign aid, military expenditures, etc.)