KL - Foreign Trade

Generally, customs ___ are not generally applied to imports between member nations of a trading bloc.

This document is used in foreign trade to prove where goods come from.

The goods and services sold to other countries are called ___.

The value of all goods and services made by a country's residents and businesses over a year, regardless of production location is called ___.

When a country produces a good or service for a lower opportunity cost than other countries, it is a ___.

This type of tax is added to goods and products at each stage of production, distribution, or sale to the end consumer.

The part of the sales contract that estates who is responsible for paying for the financial protection of good in case of loss or damage is ___.

This trading bloc is composed of countries located in North America.

This system allows countries in the EU to identify the valid VAT number of a company a European country wants to trade with.

The export of goods at a much lower price than the one in domestic markets is called ___.

In a balance of Payment (BOP), transfers from abroad are marked as a ___.

An official limit in the amount of imports is called a ___.

An official ban, especially on trade or other commercial activity with a particular country is called ___.

This document may be needed for the trade of restricted products.

The organisation in charge of facilitating global trade by means of regulations and agreements is the ___.

Customs helps to prevent the traffic of forbidden products. This illegal action is called ___.

In foreign trade, Which country's VAT rate is assumed, and who pays it?

In a Balance of Trade (BOT), more imports than exports signals a ___.

The acquisition of banking services in a foreign country equals to ___.

How many Incoterms are there in 2021?