Chartered Insurance Institute and Frictionless trade: Difference between pages
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imported>Doug Williamson (Update 2nd definition.) |
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1. | |||
Strictly, frictionless trade is the theoretically complete absence of all costs, delay or restrictions on market activity. | |||
2. ''International trade - European Union - Brexit.'' | |||
More loosely, frictionless international trade is generally understood to mean the absence of border checks. | |||
The degree of friction can be roughly measured by the length of time it takes consignments of physical goods to cross the border. | |||
== See also == | == See also == | ||
* [[ | * [[Brexit]] | ||
* [[Customs union]] | |||
* [[European Union]] | |||
* [[Friction]] | |||
* [[Hysteresis]] | |||
* [[International trade]] | |||
* [[Make UK]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Revision as of 23:48, 1 January 2021
1.
Strictly, frictionless trade is the theoretically complete absence of all costs, delay or restrictions on market activity.
2. International trade - European Union - Brexit.
More loosely, frictionless international trade is generally understood to mean the absence of border checks.
The degree of friction can be roughly measured by the length of time it takes consignments of physical goods to cross the border.
