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What is an import/export business?

What is an import/export business?. manufacturer export department (in-house) import/export companies (outsource ) Which is more common these days? independent middleman. Balance of Trade. U.S has the largest surpluses and deficits Surplus—export more than import

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What is an import/export business?

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  1. What is an import/export business? • manufacturer • export department (in-house) • import/export companies (outsource) • Which is more common these days? • independent • middleman

  2. Balance of Trade • U.S has the largest surpluses and deficits • Surplus—export more than import • Deficit—import more than export • Since 1975—U. S. deficits increase

  3. Trade Integrations/Regions • North America NAFTA • world’s largest trading block • Europe EU • removed barriers w/in EU (central & eastern Eur new members • Asia “Tigers” • trade has expanded fastest in this region • China and India • most populous • Africa • need for modernization, development • lots of natural resources

  4. The World Trade Organization (WTO) • World Bank • International Monetary Fund (IMF) • rules of trade between nations • WTO agreements • reduced tariffs and harmonized laws • help conduct business • mediate disputes between countries

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