The Global Methane Initiative (GMI) is an international public-private partnership focused on reducing barriers to the recovery and use of methane as a clean energy source. It is a voluntary, international partnership that brings together national governments, private sector entities, development.....
International labor law is the body of international legal norms that regulates issues concerning work. It is the body of rules spanning public and private international law which concerns the rights and duties of employees, employers, trade unions, and governments in regulating the workplace. Th.....
Fair Trade is a way of buying and selling products that make certain that the people who produce the goods receive a fair price. It is an organized social movement and market-based approach that aims to help producers in developing countries obtain better trading conditions and promote sustainabi.....
A credit reference, just like a referral for a job, is a reference from a trusted source that lenders use to approve an application for loans or credit. The Creditor Reference is an international business standard based on ISO 11649, implemented at the end of 2008. Using Creditor Reference, a com.....
A trade bloc is an agreement between countries intended to reduce or remove barriers to trade within member countries. It is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where barriers to trade (tariffs and others) are reduced or eliminated among.....
International Company An international company is a domestic firm that uses its existing capabilities to penetrate overseas markets. It is an organization that has business operations in several markets across the globe. These companies have no foreign direct investments (FDI) and make their prod.....
Offshoring is when production operations are performed in another country. It is the relocation of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting. It is the process of relocating the business op.....
Free Port It is a port where no export or import duty is levied. They are meant to cut costs and bureaucracy, at the same time as encouraging innovation. They are designated by the government as areas with little to no tax in order to encourage economic activity. It is a specifically designated a.....
Free Alongside Ship Free alongside is one of a number of internationally recognized commercial terms used by businesses engaged in trade. Under this term, the seller clears the goods for export then places them alongside the vessel at the “named port of shipment”. When a price is quoted free .....
Dumping The term ‘dumping’ is used in foreign trade to denote a sale of “goods abroad at prices lower than those prevailing in the home market. In economics, it is a kind of injuring pricing, especially in the context of international trade. It is a term used in the context of internationa.....
Diplomatic capital refers to the trust, goodwill, and influence which a diplomat, or a state represented by its diplomats, has within international diplomacy. The body of foreign diplomats assembled at a nation’s capital. According to political scientist Rebecca Adler-Nissen, diplomatic capital.....
All Rights Reserved The phrase “All Rights Reserved” is often used by owners to indicate that they reserve all of the rights granted to them under copyright law. This is printed intimation in literary work. Common meaning – it refers to the exclusive legal rights an author, musician, ar.....