Export–Import Theory, Practices, and Procedures
Belay Seyoum
- 656 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Export–Import Theory, Practices, and Procedures
Belay Seyoum
About This Book
This book remains the sole export–import textbook aimed squarely at the academic audience. Discussing theoretical issues in depth, while maintaining a practical approach, it offers a comprehensive exploration of import procedures and export regulations.
In addition to updated cases, this new edition includes:
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- New major developments in bilateral and regional trade agreements
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- Changes to INCOTERMS 2010
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- Coverage of the role of e-commerce
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- Expanded updates on methods of payment, export pricing, and government export finance
This clearly written and comprehensive textbook will ground students in theory and prepare them for the realities of a career in this fast-moving field. Suitable for upper-level undergraduates and postgraduates of international trade, the book stands alone in its blend of conceptual frameworks and cogent analysis. A related website, filled with export–import resources, opinion pieces, cases, and the latest news is located at: www.export-importtradecenter.com.
Frequently asked questions
Information
Part I
Overview of International Trade
CHAPTER 1
Growth and Direction of International Trade
Learning Objectives:
International Trade in Practice
Covid-19 and Its Effects on International Trade
- Seaports such as Rotterdam and Shanghai witnessed a significant drop in container throughput volumes.
- Cargo volumes declined as many countries began to change port protocols ranging from port closure and quarantine measures to additional documentation requirements.
- Lockdowns also impacted the availability of labor to unload ships. It also raised costs due to increased protective equipment for workers. Additional costs were incurred by firms due to the introduction of health and safety measures for participants.
- The additional measures implemented to prevent transmission resulted in higher transaction costs for firms engaged in international trade.
- Maintenance of open supply chains for essentials
- Avoidance of export restrictions that would exacerbate the problem.
- Rejection of protectionist policies that distort trade.
- Pursuance of paperless trade
- Preparation of advance measures to reduce vulnerability to external shocks
- Promotion of regional value chains to take advantage of economies of scale.
GDP growth | Export (import) growth* | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2016 | 2017 | 2018 | 2019 | 2016 | 2017 | 2018 | 2019 | |||||||||
World | 2.59 | 3.26 | 3.04 | 2.48 | 2.68 (2.28) | 5.09 (6.02) | 4.27 (4.19) | 1.46 (1.61) | ||||||||
North America | 1.51 | 2.31 | 2.84 | 2.27 | 0.28 (1.67) | 3.05 (4.63) | 3.03 (4.08) | 2.92 (1.70) | ||||||||
USA | 1.57 | 2.22 | 2.93 | 2.33 | -0.01 (1.99) | 3.48 (4.71) | 3.02 (4.37) | -1.1 (-1.7) | ||||||||
Canada | 1.00 | 3.17 | 2.01 | 1.66 | 1.41 (0.05) | 1.41 (4.24) | 3.08 (2.60) | 1.28 (0.56) | ||||||||
Latin America & Caribbean | -0.34 | 1.77 | 1.57 | 0.83 | 2.43 (-1.17) | 3.79 (6.31) | 4.09 (5.04) | 0.67 (-0.82) | ||||||||
European Union | 2.05 | 2.73 | 2.15 | 1.52 | 3.39 (4.38) | 5.72 (5.43) | 3.68 (3.56) | 2.65 (3.78) | ||||||||
Central Europe & Baltics | 3.05 | 4.79 | 4.42 | 3.69 | 7.00 (6.32) | 7.60 (8.17) | 5.42 (6.86) | 3.93 (3.92) | ||||||||
Middle East & N. Africa | 4.96 | 1.72 | 2.38 | 1.81 | 5.41 (-3.08) | 2.45 (6.83) | 6.29 (6.10) | 7.2 (5.5) | ||||||||
East Asia & Pacific | 4.09 | 4.76 | 4.17 | 3.76 | 2.04 (1.47) | 6.41 (6.72) | 4.69 (5.04) | -2.5 (3.5) | ||||||||
South Asia | 7.78 | 6.83 | 6.10 | 4.83 | 4.35 (4.38) | 4.12 ... |