International Trade


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International Definition

–adjective
1.between or among nations; involving two or more nations: international trade.
2.of or pertaining to two or more nations or their citizens: a matter of international concern.
3.pertaining to the relations between nations: international law.
4.having members or activities in several nations: an international organization.
5.transcending national boundaries or viewpoints: an international benefit; an international reputation.
–noun
6.(initial capital letter) any of several international socialist or communist organizations formed in the 19th and 20th centuries. Compare First International, Second International, Third International, Fourth International, Labor and Socialist International.
7.(sometimes initial capital letter) a labor union having locals in two or more countries.
8.an organization, enterprise, or group, esp. a major business concern, having branches, dealings, or members in several countries.
9.an employee, esp. an executive, assigned to work in a foreign country or countries by a business or organization that has branches or dealings in 1de several countries.
From Dictionary

Trade Definition

–noun
1.the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries: domestic trade; foreign trade.
2.a purchase or sale; business deal or transaction.
3.an exchange of items, usually without payment of money.
4.any occupation pursued as a business or livelihood.
5.some line of skilled manual or mechanical work; craft: the trade of a carpenter; printer's trade.
6.people engaged in a particular line of business: a lecture of interest only to the trade.
7.market: an increase in the tourist trade.
8.a field of business activity: a magazine for the furniture trade.
9.the customers of a business establishment.
10.Informal. trade paper.
11.trades. trade wind (def. 1).
–verb (used with object)
12.to buy and sell; barter; traffic in.
13.to exchange: to trade seats.
–verb (used without object)
14.to carry on trade.
15.to traffic (usually fol. by in): a tyrant who trades in human lives.
16.to make an exchange.
17.to make one's purchases; shop; buy.
–adjective
18.of or pertaining to trade or commerce.
19.used by, serving, or intended for a particular trade: trade journal.
20.Also, trades. of, composed of, or serving the members of a trade: a trade club.
21.trade down, to exchange a more valuable or desirable item for a less valuable or desirable one.
22.trade in, to give (a used article) as payment to be credited toward a purchase: We trade in our car every three years.
23.trade off, to exchange something for or with another.
24.trade on or upon, to turn to one's advantage, esp. selfishly or unfairly; exploit: to trade on the weaknesses of others.
25.trade up, to exchange a less valuable or desirable item for a more valuable or desirable one.
From Dictionary

Related topics from Britannica

  • international trade
    economic transactions that are made between countries. Among the items commonly traded are consumer goods, such as television sets and clothing; capital goods, such as machinery; and raw materials ...
  • trade show
    temporary market organized to promote trade, where buyers and sellers gather to transact business and to explore business opportunities. Trade shows are organized at regular intervals, generally at ...
  • free trade
    a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports). A free-trade policy does not necessarily ...
  • commodity trade
    the international trade in primary goods. Such goods are raw or partly refined materials whose value mainly reflects the costs of finding, gathering, or harvesting them; they are traded for ...
  • trade agreement
    any contractual arrangement between states concerning their trade relationships. Trade agreements may be bilateral or multilateral-that is, between two states or more than two states.
  • World Trade Organization
    international organization established to supervise and liberalize world trade. The WTO is the successor to the General Agreement on Tariffs and Trade (GATT), which was created in 1947 in the ...
  • terms of trade
    relationship between the prices at which a country sells its exports and the prices paid for its imports. If the prices of a country's exports rise relative to the prices of its imports, one says ...
  • World Trade Center
    complex of several buildings around a central plaza in New York City that in 2001 was the site of the deadliest terrorist attack in American history. (See September 11 attacks.) The complex-located ...
  • trade association
    voluntary association of business firms organized on a geographic or industrial basis to promote and develop commercial and industrial opportunities within its sphere of operation, to voice publicly ...
  • International Maritime Organization
    United Nations (UN) specialized agency created to develop international treaties and other mechanisms on maritime safety; to discourage discriminatory and restrictive practices in international trade ...
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