by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is Extraterritoriality?Extraterritoriality is a legal term which refers to extending a home country’s jurisdiction to citizens, businessmen, diplomats, and ambassadors in a foreign country. Simply put, it means that laws may be extended to people,...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is an Export License?An export license is the authorization issued to exporters by a host country to carry on import-expert activities with individuals from other countries. US export regulations define export as any goods or services sent to foreign countries,...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the European Bank for Reconstruction and Development (EBRD)?The European Bank for Reconstruction and Development (EBRD) is an international bank that was formed to assist Eastern European countries and ex-Soviet countries to uplift their economies and ensure a...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the European Committee for Standardization (CEN)?The European Committee for Standardization (CEN) is an international organization of 34 European countries. The CEN is aimed at accelerating and fostering European economies in global markets by providing...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What are Export Administration Regulations (EAR)?The Export Administration Regulations (EAR) are regulations issued by the Bureau of Industry and Security. Bureau of Industry and Security is supervised by US Commerce Department. The EAR applies when exporting...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is an Export Broker?An export broker or agent is a person who acts as an intermediary between buyer and seller in the international market. An export broker enables both parties to execute internal transactions. An export broker brings the two interested parties...
