by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is Dumping in International Business?Dumping is a practice in international trade where the producer country or company sells a product in a foreign country at a lower price than the costs incurred in production and shipment to get a hold on the market. It allows...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is a Duty Drawback?Duty drawback, also known as simply the drawback, is a trade program established in the U.S. that allows importers, exporters, and manufacturers to claim a refund of certain duties, taxes, and certain fees paid as importation charges....
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Department for International Development (DFID)?The Department of International Development (DFID) is a department of the UK government working towards alleviating world poverty and promoting sustainable development. They address the issues affecting the...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is International Dispute Resolution? International dispute resolution is simply the process of dispute resolution between parties from foreign nations. What is a Dispute Settlement Body?The Dispute Settlement Body (DSB) is a diplomatic body dealing with trade...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is a Domestic International Sales Corporation?The Domestic International Sales Corporation (DISC) is a corporate business entity involved in export activities with a special tax status. A U.S. company with qualifying income from exports of U.S. made goods, or its...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is an Edge Act Corporation?An Edge Act Corporation (EAC) is a subsidiary of a U.S. bank that engages in international banking activities. These banks or subsidiaries are named after the 1919 Edge Act, which authorizes banks to perform international banking...
