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 a Green Field Investment?A green field investment is a form of foreign direct investment where a company establishes operations in a different country. The company makes provisions for the independence of the subsidiary company by constructing new facilities...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is a Remittance?Remittance refers to cash sent by migrant workers to other people back in their country of origin. Remittance is derived from the term remit, which means to send back. Remittances can be business payment or personal money.How is a Remittance...
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...
