What Does Foreign Exchange Mean?

Foreign exchange, commonly referred to as forex or FX, is the global marketplace for tradi...

What Is a Free Trade Agreement (FTA)?

1. What Is a Free Trade Agreement (FTA)? A Free Trade Agreement (FTA) is a treaty between...

What Is a Nontariff Barrier?

1. What Is a Nontariff Barrier? Nontariff barriers (NTBs) are trade restrictions that coun...

What does trade liberalization mean?

What does trade liberalization mean? Trade liberalization refers to the process of reducin...

What is World trade protectionism?

1. Understanding World Trade Protectionism Trade protectionism is a set of policies and me...

What is multilateral trade?

What is multilateral trade? Multilateral trade refers to the exchange of goods and service...

Bilateral trade: Meaning, advantages, and disadvantages

Bilateral trade refers to the exchange of goods and services between two nations, typicall...

What Is Minimum Order Quantity (MOQ)?

Minimum Order Quantity (MOQ) is a term widely used in international trade and commerce, pa...

What is FOQ (Full Order Quantity)?

In the realm of international trade, efficient inventory management stands as a cornerston...

Cash Against Documents (CAD) in International Trade

1. What is Cash Against Documents? Cash Against Documents (CAD) is a method of payment com...