by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is a Bilateral Trade?Bilateral trade is a trade agreement between two countries. Generally it involves a plan for balanced trade between the two countries. That is, there will be no major deficit or surplus in trade between the countries.Also, in bilateral trade,...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Global Industry Classification Standard?The Global Industry Classification Standard (GICS) is a standardized system of categorizing companies into sectors and industries. GICS is used globally by market participants to classify domestic stock and...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is a Consular Invoice? A consular invoice is a document signed by the consul of the importing country and consul of the exporting country that certifies the shipment of goods. A consular invoice serves as proof that the shipment of goods was sighted, stamped or...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Association of Southeast Asian Nations?The Association of Southeast Asian Nations (ASEAN) is a group of countries that collaborate to promote solidarity and political, economic, social and cultural growth. ASEAN functions as an intergovernmental...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is Repatriation? In the broad sense, repatriation refers to when individuals who are foreign nationals are voluntarily or forcefully returned to their place of origin, Refugees, deportees, and aliens of other countries are returned to their country through...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is an Anti-Dumping Duty?Dumping in economics and commerce refers to the action of exporting market products to another country at a market price that is far below what is charged at the home country where such a product is manufactured. Such an action, while it...
