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1、1Import and Export2Effect of Import and Export Beneficial effects on the home marketImport : competition for home-produced goodsExport: a larger market To keep prices in the home market down3Raw materialsstandard descriptions in the produce tradee.g. cotton: : GM,SM,M,LM,etc. G.O.B. Good Ordinary Br

2、and F.A.Q. Fair Average Quality G.M.Q. Good Merchantable Quality4Commodities that can not be gradedTea, wool, spices Quality varies from year to year and form consignment to consignmentSold on a tale quale basis5How can a manufacturer restrict his loss? Hedging OperationsBuying or selling forward6Ca

3、se In March, a factory was going to buy 100 tons of wheat in May. spot goods futures (in May) 1530 1600 The factory was afraid that the price would increase, so it bought futures for 100 tons. May spot goods futures 1560 1630Buy spot goods and sell futures7Ways of selling goods to foreign buyersSell

4、 direct to wholesalers, maintain representativesSell to an export merchandising houseAppoint foreign agents on commission basis higher commission for a confirming house and that takes the del credere risk8Large firms Own import and export departmentsSmall ones buy or sell through merchandising house

5、People involved in operations of trade clearing and forwarding agent advertising agent, etc.9Words and Phrases1. surplus2.foreign exchange3. non-ferrous metal4. year in, year out 5. consignment 6. del credere 7. guarantee against8. spot/ cash9.出价/实盘/虚盘10.价格波动11. 指定代理12. 订单13. 保兑商行14. 海关手续15. 积压资金10E

6、xercises1. 进口税是普遍采取的一种限制贸易的做法,这是因为多数国家都想扩大出口,增加他们的外汇收入.无形贸易也被称作服务贸易。在一些发达国家,无形贸易已经占据这些国家 的国内生产总值的相当份额。11Import duties are commonly adopted to restrict trade because most of the countries want to expand their exports and increase their foreign exchange earnings.Invisible trade is also called service

7、trade. In some developed countries, the invisible trade has taken quite a large share in their gross domestic production.12Non-tariff barriers include standards to protect health safety and product quality. Fruit content regulations for jam vary so much from country to country that one agriculture specialist says,“ a jam exporter needs a computer to avoid one or another countys regulations.”13Plant and animal quarantine(检疫) regulations serve an important function, but often are used solely to keep out foreign products

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