Appunti INGLESE INTERNATIONAL TRADE INCOTERMS DELIVERY NOTE (NOTA DI CONSEGNA) CERTIFICATE OF ORIGIN (CERTIFICATO D’ORIGINE)

NTERNATIONAL TRADE can be defined as trade between two or more partners from different countries (exporter and importer).
It’s made up of VISIBLE TRADE (importing and exporting physical visible goods) and INVISIBLE TRADE (importing and exporting invisible services).

ADVANTAGES:

- no nation in self sufficient because they may lack some natural resources and agricultural products;
- each nation has its own individual way of producing traditional goods which can’t be found anywhere else;
- a surplus production can be sold abroad;
- our domestic markets are too small, that’s why firms go abroad to improve tariffs, sales and employment;
- customers can choose from a variety of goods.

DISADVANTAGES:

- political and economic problems;
- different languages and cultures may lead to misunderstandings;
- exchange rates: goods are difficult to prize;
- higher costs of insurance and transport;
- goods may be damaged or stolen during the transport;
- the difficult of dealing with foreign currency because of the fluctuations and commisions that create problems to importers and exporters;
- problems with different legal systems, with documentation and bureaucratic procedures.

The international trade is measured by the balance of trade (the difference between visible exports and visible imports) and the balance of payments (difference between money coming into country and money going out).


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