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| Topic: |
Business
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| Number of pages / Number of words: |
37 / 10349 |
Essay's paper body
Each country functions as a sovereign state with its own set of regulations & currency. The difference in the nationality of the exporter & the importer presents certain peculiar problems in the conduct of international trade & settlement of the transactions arising therefrom. Important among such problems are :
? Different countries have different monetary units;
? Restrictions imposed by countries on import & export of goods;
? Restrictions imposed by nations on payments from & into their countries;
? Difference in legal practices in different countries...
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Each country functions as a sovereign state with its own set of regulations & currency. The difference in the nationality of the exporter & the importer presents certain peculiar problems in the conduct of international trade & settlement of the transactions arising therefrom. Important among such problems are :
? Different countries have different monetary units;
? Restrictions imposed by countries on import & export of goods;
? Restrictions imposed by nations on payments from & into their countries;
? Difference in legal practices in different countries...
Essay fragment
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