What are items transported into a country from a foreign country?

Which of the following was listed as a good area for Free Trade Zones?

What occurs when one country refuses to buy goods from another country?

When was NAFTA created?

What are payments made by the government and given to producers to be a contender with competitors?

Which is NOT one of the reasons international trading is important?

Which of the following was NOT a goal of the GATT as stated in the presentation?

What does NAFTA stand for?

An ad valorem would be considered which of the following?

exchange of goods and services among businesses in various countries

items transported into a country from a foreign country

items transported out of a country to a foreign country

countries who rely heavily on exports

negative balance of trade where a countries imports exceed its exports

policy in which governments do not place restrictions on imports and exports

tax set on imported goods

specified area where raw materials and finished goods may be landed, stored, displayed, assembled, reconfigured and re-exported into customs territory and foreign points free of customs duties

global exchange agency which handles international trading

government based restrictions placed on international trade

increases government funds

percentage of the value of the import

quantitative tax concerned with the amount of goods rather than the value of the goods

place an absolute ban on imports or exports in a certain country

regulations limiting the amount of imports being sold in a certain country

laws which recognize health and safety requirements on imported goods

payments made by the government and given to producers to be a contender with competitors

refusal of buying goods from another country

method which intervenes on trade to keep payments balance and control the currency rate

currencies remain at a fixed rate and the value changes only when there is an economic situation

rates are determined freely and the rate will fluctuate day-to-day

trade barrier which imposes extra cost on imports to protect local businesses

contractual agreements between and among countries concerning their relationship

trade agreement between two nations

trade agreement with more than two nations who have similar trade interests

mutual trade agreement among two or more partners within a regional trade bloc

provides defense for a group of countries within a region against tariffs and other trade barriers

free trade agreement among Canada and the EFTA countries

includes the following countries: Iceland, Liechtenstein, Norway and Switzerland

trade agreement which provides fair trade rules, reduction on tariffs and other trade barriers

producer sells a product below the sale price of their home market

excess, greater amount than necessary

trade agreement which sets rules for trade and investment among Canada, Mexico and the United States