Ch 14 Exporting, Importing, and Countertrade

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  1. MITI
    Japan's Ministry of International Trade and Industry

    Trade associations, government agencies, and commercial banks gather information and help small firms identify export opportunities
  2. Sogo Shosha
    Japanese trading companies; a key part of theĀ keiretsu, the large Japanese industrial groups
  3. Export Management Company (EMC)
    Export specialists who act as an export marketing department for client firms
  4. Letter of Credit
    Issued by a bank, indicating that the bank will make payments under specific circumstances
  5. Bill of Exchange
    An order written by an exporter instructing an importer, or an importer's agent, to pay a specified amount of money at a specified time.
  6. Draft
    An order written by an exporter telling an importer what and when to pay
  7. Sight Draft
    A draft payable on presentation to the drawee
  8. Time Draft
    A promise to pay by the accepting party at some future date
  9. Bill of Lading
    A document issued to an exporter by a common carrier transporting merchandise. It serves as a receipt, a contract, and a document of title.
  10. Export-Importer Bank (Ex-Im Bank)
    Agency of the US government whose mission is to provide aid in financing and facilitate exports and imports
  11. Countertrade
    The trade of goods and services for other goods and services
  12. Barter
    Direct exchange of goods or services between two parties without a cash transaction
  13. Counterpurchase
    A reciprocal buying agreement
  14. Offset
    Agreement to purchase goods and services with a specified percentage of proceeds from an original sale in thatcountry from any firm in the country
  15. Switch Trading
    Use of a specialized third-party trading house in a countertrade arrangement
  16. Buyback
    Agreement to accept a percentage of a plant's output as payment for contract to build a plant

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Author:
shesddeevl
ID:
329764
Filename:
Ch 14 Exporting, Importing, and Countertrade
Updated:
2017-03-24 01:40:47
Tags:
business terms
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Description:
Chapter 14 business terms
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