BU231 Chapter Notes - Chapter 33: World Trade Organization, Barter, Foreign Direct Investment
Document Summary
Foreign trade the buying and selling of goods and services between parties from different countries. Foreign presence placing representatives of a business in foreign markets. Foreign investment conducting operations in a foreign market. Private law the law that governs transactions between private parties, such as a seller and buyer of goods. Public law the law governing the relationship between private individuals and the state. Public international law law involving relations between states. Non-governmental organizations voluntary, non-profit associations of private entities working to influence policy, raise awareness, and affect change, such as the international chamber of commerce. Super-governmental organizations non-profit associations of governments from around the world working to find common solutions to international issues. Export/import contracts: contracts for the international sale of good, contracts for the supply of services abroad. Goods or services may be supplied in the following ways: The supplier may deliver directly to the customer in the other country.
