Tariffs and Customs Terms T.1.125

Question 1

the amount by which imports exceed exports.

Answer 1

trade deficit

Question 2

under the World Trade Organization, it refers to the simplification and harmonization of import and export procedures, transport formalities, payments, insurance, financial requirements, etc.

Answer 2

trade facilitation

Question 3

part of the U.S. International Development Cooperative Agency, it promotes export of American goods and services to Third World countries.

Answer 3

Trade Development Program

Question 4

a proclamation of a state (usually during war or threat of hostilities) prohibiting the entry of her ships or goods to an enemy country.

Answer 4

trade embargo

Question 5

an agency that coordinates or monitors a country’s trade facilitation system. It reports UN/ECEWP.4 and disseminates information on UN/EDIFACT developments.

Answer 5

Trade Facilitation Organization

Question 6

a gathering of manufacturers, retailers, and businessmen to showcase their products to potential buyers.

Answer 6

trade fair

Question 7

a publication that indicates the firms engaged in various lines of business, their size and area of operations, product line, trade conditions, etc.

Answer 7

trade list

Question 8

an image or logo associated with a brand, which, if duly registered, cannot be copied or reproduced, without permission from the holder.

Answer 8

trade mark

Question 9

self-supporting service centers for international trade.

Answer 9

trade points

Question 10

an organized collective visit to a country to promote trade.

Answer 10

trade mission

Question 10

includes industrial names and surnames, firms, trade names devices or words used by the manufacturer, industrialist, agriculturist and others to identify them.

Answer 10

trade name

Question 11

as defined by the World Trade Organization, these refer to activities, practices and formalities involved in collecting, presenting, communicating, and processing data required for the movement of goods in international trade.

Answer 11

trade procedures

Question 12

and/or firms engaged in trade.

Answer 12

traders persons

Question 12

promotion techniques used by producers to attract retailers.

Answer 12

trade promotion

Question 13

a profile of quantity, value, and country of destination of traded goods. It gives a general picture of export performance and foreign competition.

Answer 13

trade statistics

Question 14

a principle contained in Most-Favored Nation (MFN) Treatment clause, which states hat trade must be conducted without discrimination and that contracting parties are obligated to give favorable treatment to each other in the application and administration of import and export duties and charges.

Answer 14

trade without discrimination

Question 15

contact for the purchase and sale, or supply, of goods and services.

Answer 15

trade transaction

Question 16

the parties involved (firms, persons, or countries) in the trade of goods and services,

Answer 16

trading partners

Question 17

export goods mainly unprocessed, of slightly processed agriculture or mineral products, like bananas, rice, iron, ore agglomerates, fresh and preserved fish, and others

Answer 17

traditional exports

Question 17

the parties involved in electronic data interchange.

Answer 17

trading partners

Question 18

the volume of passengers, cargo, means of transport, over a certain route. traffic management purchase and control of transportation services for a shipper or consignee, or both.

Answer 18

traffic

Question 19

a cargo vehicle without motor power, and towed by a motor vehicle.

Answer 19

trailer

Question 20

an international sea carrier with no fixed route or published schedule and is chartered by a shipper for a particular voyage or period.

Answer 20

tramp

Question 21

a method of collecting freight payment in tramp ships wherein the revenue is determined by multiplying the freight rate by the quantity of cargo.

Answer 21

tramp trade revenue

Question 22

ships that do not ply regular routes except on voyage charters or when loading cargoes

Answer 22

tramp vessels