by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Currency Adjustment Factor (CAF)?The currency adjustment factor (CAF) refers to a surcharge that is placed on freight charges and transactions between the United States and the Pacific Rim. The surcharge is an additional fee placed on freight costs was...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the C-TPAT?The Customs-Trade Partnership Against Terrorism (C-TPAT) is a security program that was launched to protect the supply-chain of private companies from the impacts of terrorism. C-TPAT is overseen by Customs and Border Protection (CBP), a U.S based...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Central European Free Trade Agreement (CEFTA)?The Central European Free Trade Agreement (CEFTA) is a trade agreement among non-EU nations that mostly belong to Southeastern Europe. It was established by members representing Hungary, Poland, and...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Trilateral Commission?The Trilateral Commission is an organization of a total of 325 non-government, non-partisan private citizens from North America, the E.U., and Japan. This organization seeks to foster greater cooperation between the European Union,...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Marshall Plan?The Marshall Plan, also known as the European Recovery Program (ERP), refers to an American sponsored initiative which was created and passed in 1948 for the purpose of assisting 17 Western and Southern European countries to rebuild their...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the OPEC Basket?The OPEC basket, or OPEC reference basket, refers to the weighted mean or average of oil prices that OPEC member countries throughout the world maintain. The basket refers generally to a standard or set reference point for countries that...
