by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is Nationalization?Nationalization is when a company or an industry which was formerly privately owned is taken over by the government. This can be with or without paying any compensation to the private owners.
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Cairns Group?The Cairns Group is an interest group of 19 agriculture exporting countries. It was established in Australia in 1986. Its major objectives include agricultural trade reform, reduction of export subsidies on agricultural products, and other...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is a Multilateral Development Bank?A multilateral development bank (MDB) refers to an international financial institution, chartered by at least two nations, in order to promote economic development and growth in poorer or less-developed countries. Important...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Brussels Tariff Nomenclature (BTN)?The Brussels Tariff Nomenclature (BTN) refers to a classification system for imported goods that was used internationally before 1976. BTN is a standardized system of classification for imported goods, it is used in the...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Generalized System of Preferences?Generalized System of Preferences (GSP) is a trade preference program that permits duty-free or low-duty entry of products from developing countries and territories. GSP is also called generalized preferential tariff...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Convention on the International Trade in Endangered Species (CITES)?The Convention on International Trade in Endangered Species (CITES), also known as the the Washington Convention, is defined as a multilateral pact or treaty focused on safeguarding the...
