by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is a Shipper’s Export Declaration (SED)?An export declaration, or shippers export declaration (SED), is an official document that contains details of goods that are being exported or imported. It is generally completed by the exporter and introduced to port...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the International Energy Agency?The International Energy Agency (IEA) is comprised of 30 member nations whose purpose is to ensure that there is stable, cost-efficient and clean energy available for its members. It focuses on energy security, economic...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the International Finance Corporation?The International Finance Corporation (IFC) is an organization established in 1956 by the World Bank Group with an aim of reducing poverty and creating jobs in developing countries through the development of private...
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...
