sample of internatinal agreements in terms of trading
Answer:
The most significant free trade zones are the European Union (EU), the North American Free Trade Agreement (NAFTA), and the Association of Southeast Asian Nations (ASEAN).
Answer:
Imports are goods and services produced in a foreign country and bought by domestic residents. That includes anything shipped into the country even if it’s by the foreign subsidiary of a domestic firm. If the consumer is inside the country’s boundaries and the provider is outside, then the good or service is an import.
Exports are goods and services that are made in a country and sold outside its borders. That includes anything shipped from a domestic company to its foreign affiliate or branch.
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