What are the Characteristics of International Trade? International trade takes place basically due to geographical specialisation. Every country specialises in the production of goods and services in which it has a specific advantage. For example‚ India has specific advantage in the production of jute and tea. Therefore‚ India exports these commodities to U.K. India imports steel from U.K. which U.K. can produce at a lower cost than India. 2. International competition: Producers from many
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1. WHAT ARE THE SPECIAL TRADE TERMS? Export sales transactions usually embody trade terms which are not customary in the home trade. These trade terms have been developed by international mercantile custom and have simplified the sale of goods abroad. They are in universal use in trade transactions but care must be taken as they may be interpreted differently in different countries and their meaning may be modified by agreement of the parties‚ the custom of a particular trade or the usage prevailing
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The Production and Consumption of Sugar The production of sugar has shaped our world throughout the centuries. From its humble beginning‚ to its royal induction it has now made a household name as a necessity. It has changed our society into sugar addicts with a never ending urge for sweetness. Production of this craving has lead to an over abundant consumption. Consumption so great that is has defined humans through culture and history. The journey has marked the path of this once less then
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Sugar Studying sugar may seem like an ineffective way to approach the Caribbean’s rise to a globalized economy. It is quite the contrary‚ sugar rose to be an extremely popular and profitable staple for the international food economy. It grew to play a major role in what we know of today as the global food market. Sugar started developing immense popularity around the 1960’s due to colonial slavery‚ the industrialization of a global economy‚ and an increase in tea consumption. Sugar was introduced
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plate and dusted with confectioners sugar. I picked one up and was in the middle of taking a bite when my dad said something that made me laugh. I snorted the sugar just short of the keyboard‚ onto the mouse pad‚ and all down my front. In the midst of my panicky‚ checking of the keyboard I thought it would be an interesting idea to look up the origin of confectioners sugar or just sugar in general. So‚ here goes: The Ancient Greeks and Romans used to import sugar as a medicine rather than a food
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Sugar subsidy is a very sensitive issue among Malaysian nowadays. Some believe that the sugar subsidy give a lot of benefit to them. Since‚ they are enjoying the cheaper price of sugar without thinking about the consequences especially their health. Therefore‚ government should cut sugar subsidy to promote healthy living‚ to curb wastage‚ and to develop our country. Our government should end sugar subsidy to promote healthy living to all Malaysian. According to Datuk Tan Lien Hoe‚ the Domestic
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INDUSTRY PROFILE: The advent of modern sugar industry began in 1930 with grant of tariff protection to the Indian sugar industry. The number of sugar mills increased from 30 in the year 1930-31 to 135 in the year 1935 and the production during the same period increased from 1.20 lakh tones to 9.34 lakh tones under dynamic leadership of the private sector. The era of planning for industrial development began in 1950-51 and government laid down targets of sugar production and consumption licensed and
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The Sugar Revolution In the seventeenth century both in the English and to a lesser extent in the French islands‚ a change occurred in the basic cash crop. This change was so rapid and far-reaching that ‘revolutionary’ is a fitting word to describe it. It ranks in importance with emancipation‚ for the sugar revolution changed the Lesser Antilles completely. It was not just that sugar replaced tobacco as the chief crop: the population changed from white to black; the size of landholdings changed;
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Sugar was not only a stimulant to consumers but also for anyone else in the production of it‚ more and more sugar was being demanded‚ perhaps because of it accessibility or the money that came out of it. If it weren’t for producers‚ consumers‚ and entrepreneurs sugar production would not have been one of the biggest productions of a crop in the world. The organization of sugar met the needs of producers‚ because sugar production was profitable and did not consist of many owners; it met the needs
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MUSCOVADO SUGAR Demand Analysis Topping the list of business opportunities identified by the Department of Trade and Industry‚ the organic market has grown remarkable distinction in both domestic and international market. Based on DTI estimates‚ the domestic market for organic products was valued at $6.2 million in 1999 and still rising by approximately by 10-20% annually. This growth rate could still be possibly accelerated with government support. The same report estimated that demand for
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