an authorization to sell a company's goods or services in a particular place a business established or operated under an authorization to sell or distribute a company's goods or services in a particular area
Can you summarize the categories briefly under current counter trade?
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Counter trade is a special mode of transaction in international trade and is often associated with policy objectives of relevant economies like dealing with foreign exchange shortages and promotion of exports.
What are the advantages of the flexible exchange rate system?
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Under the flexible exchange rate system fluctuations of the exchange rate within a definite period of time will not immediately affect domestic money circulation and is helpful to the stability of the economy. Flexible exchange rate can also protect domestic currecncy from the impact of foreign idle funds and helps to prevent the drain of foreign exchange reserve. 在灵活的汇率制度下汇率波动在一定时间内不会立即影响国内货币流通和有利于经济的稳定。灵活的汇率还可以保护国内currecncy从外国游资的影响,有助于防止外汇储备的流失。
In assessing the potential of a country as a market, people often look at per capita income. Similar to the case of national income and national product, per capita income and per capita GDP do not have much difference. So let‘s use per capita GDP to illustrate an economy’s income level. It is calculated by dividing its total GDP by its population. Total GDP indicates the overall size of an economy, which is important in market assessment for durable equipment or bulk goods. Per capita GDP reveals the average income level of consumers, which is important when marketing consumer durables.
Quotas or quantitative restrictions are the most common forms of non-tariff barriers. A quota limits the imports or exports of a commodity during a given period of time. The limits may be in quantity or value terms, and quotas may be on a country basis or global, without reference to countries. They may be imposed unilaterally and can also be negotiated on a so called voluntary basis.