Posts Tagged ‘trade’

Balance of trade and balance of payments

INTRODUCTION : “The balance of payment of a country is systematic record of all economic transactions between the residents of the reporting country and the residents of foreign countries during a given period of time “ The term ‘residents’ includes individuals, businesses, governments and their organizations and agencies. International organizations are classified as foreign residents. [...]

Terms and methods of payment in foreign trade

To begin speaking on this topic I’d like to start with the risks which are faced by both sides – exporters and importers – in an export transaction. This is because there is always the possibility that the other side may not fulfill the contract. The risks for the exporters are the following: the risk [...]