import
Sign in to savethumb|Geiger-cars, which imports cars from North America to Europe, is called an importer. Import is the activity within international trade which involves buying and receiving goods and services produced in another country. An importer is a person, organization or country receiving imported goods which have been exported from another country. Importation and exportation are the defining financial transactions of international trade. The seller of such goods and services is called an exporter.
AI overview
Import is the activity of buying and receiving goods and services that are produced in another country. It matters because importation and exportation are the fundamental financial transactions that make international trade possible.
AI-generated from the Wikipedia summary — may contain errors.
Article
9 sectionsContents
- Definition
- Scale
- Balance of trade
- Types of import
- Import of goods
- Import bans
- See also
- References
- External links
thumb|Geiger-cars, which imports cars from North America to Europe, is called an importer. Import is the activity within international trade which involves buying and receiving goods and services produced in another country. An importer is a person, organization or country receiving imported goods which have been exported from another country. Importation and exportation are the defining financial transactions of international trade. The seller of such goods and services is called an exporter.
In international trade, the importation and exportation of goods are limited by import quotas and mandates from the customs authority. The importing and exporting jurisdictions may impose a tariff (tax) on the goods. In addition, the importation and exportation of goods are subject to trade agreements between the importing and exporting jurisdictions.