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international busine

Vocabulary

TermDefinition
Balance of Trade The difference between exports and imports
Embargo The prohibition of shipment of goods or services to designated countries
European Union Free trade among European nations, all using the eruo
Globalization When a business sells the same product to other countries without any customization
International Trade the exchange of goods and services among nations
North American Free Trade Agreement (NAFTA) trade agreement between Canada, the United States, and Mexico
Tariff A published set of rates for transportation and distribution services
World Trade Organization (WTO) a global group of nations that make the rules governing international trade
Created by: Andrecupcake
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