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Unit 1 International Trade
n. the business of buying and selling goods for money
free trade自由贸易; barter trade易货贸易; bilateral trade双边贸易
v. buy and sell
trading company贸易公司
They trade mainly in textile products.
absolute advantage: by Adam Smiths in The Wealth of Nations (1776).
world market 国外市场
类似说法有:overseas market, external market, foreign market
试比较国内市场:home market, domestic market, internal market
countervailing duty: collected against bounty or grant during production, transport and export, etc.
anti-dumping duty: collected when importing country believes that there is a dumping (a not universally defined concept that can mean the selling price in a foreign country is below domestic selling price, world market price or production cost).
regulations of international trade: 除课文介绍的条约外,国际贸易惯例、国内法也是调整国际贸易关系的规章。
其他术语:互惠贸易fair trade;三角贸易triangle trade;自由贸易 free trade;区际贸易interregional trade;双边/三边/多边贸易bilateral/trilateral/multilateral trade;贸易保护主义trade protectionism;贸易联盟trade bloc;绝对优势 absolute advantage;普惠制 generalized system of preferences(GSP);最惠国待遇 most-favored nation treatment(MFNT)
NAFTA: 全称是 North American Free Trade Area,北美自由贸易区。1994年1月1日,由美国、加拿大、墨西哥
Keys for Part Two Reading
I.
1. International trade is the exchange of goods and services between countries. It is also known as world trade, foreign trade or overseas trade.
2. Uneven distribution of natural resources, specialization, patterns of demand, economies of scale, innovation or variety of style
3. (Open). Economy of scale is the cost advantages of large-scale production. A country may specialize completely in the production of one product in order to achieve economies of scale and then import other products.
4. Countries can get cheaper and a greater variety of goods or services for consumers. International trade can expand markets and promotes economic growth.
5. (Open). Business might have to be done in foreign languages and under foreign laws, customs and regulations. Information of a foreign
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