cross-border-trading

Vocabulary Word

Definition

Cross-border trading involves the exchange of goods or services between businesses that are in different countries. It's like online shopping, but instead of buying from a local online seller, you are buying from a seller from another country.

Examples in Different Contexts

In finance, 'cross-border-trading' refers to the buying and selling of securities between countries, involving foreign exchange and regulatory considerations. A financial analyst might say, 'Cross-border-trading allows investors to diversify their portfolios by accessing international markets and opportunities.'

Practice Scenarios

Business

Scenario:

Our decision to shift production to another country will certainly have an impact on our current operations. There is a lot to consider for this move.

Response:

So, our cross-border trading logistics become a key focus. We need to ensure smooth operations in this change.

Logistics

Scenario:

We need to consider whether or not it is feasible to deliver goods to some remote destinations. It's important we maintain reliability without incurring unreasonable costs.

Response:

Agreed. It's our role to facilitate efficient cross-border trading, while also being mindful of cost management.