Gross Domestic Product - The standard measure of the value added created through the production of goods and services in a country during a certain period, Importing - Buy goods from another country, Exporting - Transport goods to another country, Tariff - A tax on goods and services imported into a country., Trade Barrier - A policy that restricts international trade, Global Economy - The system of industry and trade around the world that has developed as the result of globalization, Interpreter - Translates another language to english , SITC - Standard Industrial Trade Classification, Disposable Income - Money people have to spend after paying for necessary expenses, IBEX - International Business Exchange, Trade Intermediary - An agency that serves as a distributor in a foreign county, Export Management Company - Business that handles all the tasks related to exporting for a manufacturer , Foreign Joint Venture - Alliance between an American small business and a company in another nation, Trade Missions - Let small business owners meet and talk with foreign agents , Best Prospect List - It is a product other countries are looking to purchase, Freight Forwarder - A business that handles overseas shipments,

Key Terms

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