CIF
FOB shipping documents
free port
standard contracts
Vocabulary: Free trade
Dumping : the action of selling goods at a price lower than the costs 倾销
Theories of international trade
Theories of international trade provide one of the oldest, richest, and most influential bodies of economics, whose founding is usually associated with the publication of Adam Smith’s The Wealth of Nationals in 1776.
Theories of international trade
On the other hand, a nation experiencing a trade deficit would see its gold and silver flowing out and, consequently, would become poorer. The upshot? Selfsufficiency would be best.
Quota: an official limit on the number or amount of something that is allowed in a particular period 配额
Tariffs: a tax on goods coming into a country or going out of it 关税
Trade Terms
D组货到 DAF: Delivered at Frontier边境交货 DES: Delivered EX Ship目的港船上交货 DEQ: Delivered EX Quay目的港码头交货 DDU: Delivered Duty Unpaid未完税交货 DDP: Delivered Duty Paid完税后交货
strategic industries trading blocks single market free trade
Vocabulary: Concepts of trade
s duties
trade balance ICC L/C
B/L price terms
Trade Terms
E组发货EXW :EX works工厂交货 F组主要运费未付 Free Carrier交至承运人 FAS: Free Along Side船边交货 FOB: Free On Board船上交货
Trade Terms
C组主要运费已付 CFR: Cost and Freight成本加运费 CIF: Cost, Insurance and Freight成本、保险加运费付至 CPT: Carriage Paid to运费付至 CIP: Carriage and Insurance Paid to运费、保险费付至
Deregulate: if a government deregulates a particular business activity, it allows companies to operate more freely so as to increase competition
解除管制
Unit 7 International Trade
Vocabulary: Concepts of trade
Study the following words and expressions about international trade:
WTO
GATT
ASEAN
Deregulation laisser faire protectionism
Theories of international trade
Widely practiced during the 1600s and 1700s, the theory of mercantilism viewed international trade as a zero-sum game. Its theorists believed that the wealth of the world was fixed and that a nation that exported more and imported less would enjoy the net inflows f gold and silver and thus become richer.
Vocabulary: Free trade
Laisser-faire: the idea that governments should do as little to the economy as possible and allow private business to develop without the state controlling or influencing them 自由放任政策
Vocabulary: Free trade
Liberalize: to make a system, laws, or moral attitudes less strict 使自由化
Subsidize: if a government or an organization subsidizes a company, an activity etc, it pays part of the cost 补贴
Dumping
subsidy
quota
trade barriers open borders
government intervention
Vocabulary: Concepts of trade
trade negotiations infant industry trade barriers EU NAFTA