THIS GLOSSARY IS AROUND 25 FIVE WORDS TO LEARN ABOUT INTERNATIONAL TRADE

1. GLOSSARY OF
INTERNATIONAL
TRADE
25 WORDS
DEFINED AS INTERNATIONAL TRADE EXCHANGE OF GOODS BETWEEN TWO OR MORE COUNTRIES
OR ECONOMIC REGIONS THIS ALLOWS THE WELFARE OF COUNTRIES

2. 1. ICTALURIDAE : FRESHWATER CATFISH ARE ICTALURIDAE FAMILY OF FRESHWATER FISH ,
INCLUDED IN THE ORDER SILURIFORMES , DIVIDED BY RIVERS AND LAKES IN AMERICA NORTH.1
ITS NAME COMES FROM THE GREEK ICHTHYS (FISH ) + AILOUROS ( CAT), 2 WAS DISTRIBUTED
THROUGHOUT MOST OF NORTH AMERICA, FROM SOUTHERN CANADA TO GUATEMALA .
1. SYNTACTIC - REFERS TO ITS PLACE IN A SENTENCE . STUDY THE SENTENCE STRUCTURE . AND
THE WAY IN WHICH WORDS ARE LINKED TO FORM MEANINGFUL SENTENCES .
TWO . ACRE IS A MEASURE OF AREA, USED IN AGRICULTURE IN SEVERAL COUNTRIES. DEPENDING
ON THE COUNTRY AND THE PERIOD, EQUIVALENT TO VARIOUS SURFACES , USUALLY BETWEEN
THIRTY AND SIXTY AREAS.
THREE . POLITICAL SPECTRUM : POLITICAL SPECTRUM IS CALLED THE VISUAL SYSTEM OF GROUPS
OR POLITICAL ORGANIZATIONS ACCORDING TO CERTAIN CONCEPTUAL AXES . THIS TYPE OF
SYSTEM IS INFLUENCED BY HISTORICAL, SOCIAL SITUATIONS AND THE PARTY SYSTEM OF A
SOCIETY. ONE OF THE MOST WIDESPREAD IS LEFT-RIGHT .
APRIL . EMC: ENGINEERING MANAGEMENT NETWORK
MAY . EMPLOYMENT ANNUITY : IS AN ADJECTIVE THAT REFERS TO SOMETHING THAT HAS LASTED
OBTAINED UNTIL THE END OF LIFE. IT MAY BE A FEE , A MEMBERSHIP OR AN INCOME , AMONG
OTHER ISSUES.
JUNE . OIL ARE VEGETABLE OR FRUIT WHOSE SEED OIL CAN BE EXTRACTED IN SOME CASES EDIBLE
AND IN OTHER CASES OF INDUSTRIAL USE. MOST OILSEEDS ARE SOWN LASOJA THE ELAEIS PALM,
PEANUT , SUNFLOWER , CORN AND FLAX. EACH PLANT , IN TURN , MAY HAVE OTHER ECONOMIC
USES , SUCH AS LINEN , WHICH CAN BE EXTRACTED FIBERS , FLOUR AND EDIBLE SEEDS, OR CORN ,
SOYBEANS AND PEANUTS , WHOSE FRUITS OR SEEDS CAN ALSO BE EATEN , OR WALNUT , THE
TIMBER CAN ALSO BE EXTRACTED . OTHER PLANTS ARE SAFFLOWER OIL , LACOLZA ( CANOLA OIL )
, OLIVE, WALNUT, CASTOR , SESAME, JOJOBA, TUNG , ALMOND , RICE ( RICE BRAN OIL ) AND
GRAPES.
JULY .RESIZE : SET BACK THE EXACT DIMENSIONS OR THE PRECISE VALUE OF SOMEONE OR
SOMETHING
AUGUST . WTO: WORLD TRADE ORGANIZATION
9. INCOTERMS ( ACRONYM FOR INTERNATIONAL COMMERCIAL TERMS , ' INTERNATIONAL
COMMERCIAL TERMS " ) ARE TERMS OF THREE LETTERS EACH REFLECTING THE STANDARDS OF
VOLUNTARY ACCEPTANCE BY BOTH PARTIES , BUYER AND SELLER - ABOUT THE TERMS OF
DELIVERY OF GOODS , MARCH 2 PRODUCTS.1 ARE USED TO CLARIFY THE COSTS OF
INTERNATIONAL BUSINESS TRANSACTIONS , DEFINING RESPONSIBILITIES BETWEEN BUYER AND
SELLER AND REFLECT CURRENT PRACTICE IN THE INTERNATIONAL FREIGHT .

3. 10 .TRADE : TRADE IS CALLED THE SOCIO-ECONOMIC ACTIVITY CONSISTING IN THE EXCHANGE OF
SOME MATERIALS THAT ARE FREE IN THE MARKET FOR BUYING AND SELLING GOODS AND
SERVICES , WHETHER FOR USE , FOR RESALE OR PROCESSING. IS THE CHANGE OR TRANSACTION
OF SOMETHING FOR SOMETHING ELSE OF EQUAL VALUE. FOR COMMERCIAL OR INDUSTRIAL
ACTIVITIES MEAN BOTH TRADE IN GOODS OR SERVICES THAT ARE PERFORMED BY A MERCHANT
OR A MERCHANT
11. IMPORT : IN ECONOMICS , IMPORT IS THE LEGITIMATE NATIONAL TRANSPORT OF GOODS AND
SERVICES EXPORTED BY A COUNTRY, INTENDED FOR USE OR CONSUMPTION OF ANOTHER
COUNTRY. IMPORTS CAN BE ANY PRODUCT OR SERVICE RECEIVED WITHIN THE BORDERS OF A
STATE COMMERCIAL PURPOSES. IMPORTS ARE GENERALLY CARRIED OUT UNDER SPECIFIC
CONDITIONS.
12. EXPORT: IN ECONOMICS, AN EXPORT IS ANY GOOD OR SERVICE IS SENT OUT OF THE COUNTRY.
EXPORTING IS THE LEGITIMATE MOVEMENT OF GOODS AND / OR SERVICES FROM A CUSTOMS
TERRITORY TOWARDS OTHER CUSTOMS TERRITORY . EXPORTS CAN BE ANY PRODUCT SHIPPED
OUTSIDE THE CUSTOMS BORDER OF A STATE OR ECONOMIC BLOC. EXPORTS ARE GENERALLY
CARRIED OUT UNDER SPECIFIC CONDITIONS. THE COMPLEXITY OF THE VARIOUS LAWS AND
SPECIAL CONDITIONS OF THESE OPERATIONS MAY OCCUR , ALSO CAN BE GIVEN A RANGE OF
FISCAL PHENOMENA.
13. TLC ( FREE TRADE ) : A FREE TRADE AGREEMENT (NAFTA ) IS A REGIONAL OR BILATERAL TRADE
AGREEMENT TO EXPAND THE MARKET OF GOODS AND SERVICES BETWEEN THE PARTICIPATING
COUNTRIES. IT BASICALLY INVOLVES THE ELIMINATION OR SUBSTANTIAL REDUCTION OF TARIFFS
ON GOODS BETWEEN THE PARTIES, AND AGREEMENTS ON SERVICES . THIS AGREEMENT IS
GOVERNED BY THE RULES OF THE WORLD TRADE ORGANIZATION (WTO ) OR BY MUTUAL
AGREEMENT BETWEEN THE COUNTRIES .
AN FTA DOES NOT NECESSARILY ENTAIL AN ECONOMIC , SOCIAL AND REGIONAL POLITICAL
INTEGRATION , SUCH AS THE EUROPEAN UNION , THE ANDEAN COMMUNITY , MERCOSUR AND
THE SOUTH AMERICAN COMMUNITY OF NATIONS. WHILE THESE WERE ESTABLISHED TO
PROMOTE TRADE, ALSO INCLUDED CLAUSES FISCAL AND BUDGETARY POLICY AND THE
MOVEMENT OF PEOPLE AND COMMON POLITICAL BODIES , MISSING ELEMENTS IN AN FTA.
14. CUSTOMS AGENT : PROFESSIONAL ASSISTANT CIVIL CUSTOMS , WHOSE LICENSE TO THE
CUSTOMS ENABLES IT TO SERVE OTHERS AS A MANAGER IN THE CLEARANCE OF GOODS.
15. PRIVATE SALE: COMMERCIAL OR PRIVATE PREMISES AUTHORIZED BY THE CUSTOMS SERVICE ,
FOR A SPECIFIED PERIOD , FOR THE DEPOSIT OF GOODS WITHOUT PAYMENT OF DUTIES AND
TAXES ON IMPORT CAUSE .
16. CUSTOMS TARIFF : LEGAL STANDARD CONTAINED IN D. F. L. NO. 2 OF 1989 , THE MINISTRY OF
FINANCE , WHICH SYSTEMATICALLY ORDERED ACCORDING TO THE INTERNATIONAL HARMONIZED

4. SYSTEM OF DESIGNATION AND CODIFICATION, THE GOODS WITH THE RESPECTIVE TAXES
APPLICABLE TO THEM AT DESTINATIONS OF IMPORT OR EXPORT .
17. FREE ZONE : AREA OR UNIT PORTION OF PERFECTLY DEMARCATED AND NEAR A PORT OR
AIRPORT COVERED BY PRESUMPTION OF EXTRATERRITORIALITY CUSTOMS TERRITORY.
18. CUSTOMS : ADMINISTRATIVE UNIT RESPONSIBLE FOR THE IMPLEMENTATION OF THE
LEGISLATION ON THE IMPORT AND EXPORT OF GOODS , SUCH AS TRAFFIC CONTROL ASSETS THAT
ARE HOSPITALIZED OR OUTSIDE A CUSTOMS TERRITORY , MAKING HIS VALUATION,
CLASSIFICATION AND VERIFICATION, AND IMPLEMENTATION AND CONTROL OF A TARIFF REGIME
AND PROHIBITIONS .
19 . AD : RIGHT TRYING TO DISCOURAGE OR PREVENT DUMPING , USUALLY THE GOAL IS TO
IMPOSE A FEE THAT IS EQUAL TO THE DIFFERENCE BETWEEN THE SELLING PRICE OF THE GOODS
IN THE COUNTRY OF ORIGIN, AND THE SELLING PRICE IN THE IMPORTING COUNTRY .
20 . TRADE BALANCE: SET OF BUSINESS TRANSACTIONS CONDUCTED BY A FOREIGN COUNTRY IN A
GIVEN PERIOD (ONE YEAR) , CONSISTING OF THE IMPORTS AND EXPORTS OF GOODS TAKEN
TOGETHER , EXTERNALIZING THE RESULT OF THREE DIFFERENT WAYS, ACCORDING TO THE
RESULTS OF TOTAL EXCHANGED VALUES CAN BE: TRADE BALANCE LEVEL (WHEN IMPORTS AND
EXPORTS ARE BALANCED ) , OR FAVORABLE DEFICIT (EXCESS OF IMPORTS OVER EXPORTS ), AND
FAVORABLE OR SURPLUS (EXCESS OF EXPORTS OVER IMPORTS ) .
21. CHAMBER OF COMMERCE : ASSOCIATION OR INSTITUTION AT THE LOCAL , PROVINCIAL ,
NATIONAL OR INTERNATIONAL LEVEL , BRINGS TOGETHER TRADERS (WHETHER IMPORTERS ,
EXPORTERS , MANUFACTURERS, WHOLESALERS, RETAILERS, ETC. . ) IN ORDER TO PROTECT THEIR
INTERESTS, IMPROVE THEIR TRADING ACTIVITIES THE BASIS OF MUTUAL COOPERATION AND
PROMOTE ITS PROSPERITY , AS WELL AS THE COMMUNITY IN WHICH IT IS SEATED.
22. LOAD NAMED TO THOSE GOODS THAT ARE BEING TRANSPORTED BY PAYING A PRICE. YOU
CAN ALSO CALL TO LOAD THE GOODS THAT A SHIP , AIRCRAFT OR OTHER TRANSPORT VEHICLE ,
HAS IN HIS CELLAR OR STORAGE AT ANY GIVEN TIME.
23. CUSTOMS DUTIES : TAXES ON GOODS ENTERING A COUNTRY . THEY ARE ESTABLISHED IN THE
CUSTOMS DUTY AND / OR LEGISLATION.
24 . PACKING: PROTECTION OF GOODS DURING ALL TRANSPORT OPERATIONS AND
MANAGEMENT REQUIRED BY THE EXPORT PROCESS , TO ARRIVE AT THE HANDS OF THE END
CUSTOMER , ABROAD , IN THE BEST CONDITIONS .
25 . EXPORT LICENSE : DOCUMENT GRANTING PERMISSION TO EXPORT SPECIFIED GOODS WITHIN
A SPECIFIED TIME PERIOD.