Confirmed letter of credit and Frictionless trade: Difference between pages

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''International trade''.
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.


Letter of credit to which the advising bank adds its confirmation to the credit, assuring the exporter that payment will be made under the terms of the letter of credit even if the issuing bank defaults.


== See also ==
== See also ==
* [[Letter of credit]]
* [[Brexit]]
* [[European Union]]
* [[Friction]]
* [[Hysteresis]]
* [[International trade]]
* [[Make UK]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Revision as of 11:26, 21 June 2020

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.


See also