A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Investors access about 50 major commodity markets worldwide with purely financial transactions increasingly outnumbering physical trades in which goods are delivered. Futures contracts are the oldest way of investing in commodities. Futures are secured by physical assets. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodity market for centuries for price risk management.
The Bureau of Industry and Security (BIS) is an agency of the United States Department of Commerce that deals with issues involving national security and high technology. A principal goal for the bureau is helping stop proliferation of weapons of mass destruction, while furthering the growth of United States exports. The Bureau is led by the Under Secretary of Commerce for Industry and Security.
In marketing, a product is an object or system made available for consumer use; it is anything that can be offered to a market to satisfy the desire or need of a customer. In retailing, products are often referred to as merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods. A service is also regarded to as a type of product.
The export of cryptographic technology and devices from the United States was severely restricted by U.S. law until 1992, but was gradually eased until 2000; some restrictions still remain.
The official measure of producer prices in the United States is called the Producer Price Index (PPI). It measures average changes in prices received by domestic producers for their output. The PPI was known as the Wholesale Price Index, or WPI, up to 1978. The PPI is one of the oldest continuous systems of statistical data published by the Bureau of Labor Statistics, as well as one of the oldest economic time series compiled by the Federal Government. The origins of the index can be found in an 1891 U.S. Senate resolution authorizing the Senate Committee on Finance to investigate the effects of the tariff laws “upon the imports and exports, the growth, development, production, and prices of agricultural and manufactured articles at home and abroad.”
The Export Administration Regulations (EAR) are a set of regulations found at 15 C.F.R. § 730 et seq. They are administered by the Bureau of Industry and Security, which is part of the US Commerce Department. In general, the EAR govern whether a person may export a thing from the U.S., reexport the thing from a foreign country, or transfer a thing from one person to another in a foreign country. The EAR apply to physical things as well as technology and software.
The Customs and Excise Department (C&ED) is a government agency responsible for the protection of the Hong Kong Special Administrative Region against smuggling; the protection and collection of revenue on dutiable goods on behalf of the Hong Kong Government; the detection and deterrence of drug trafficking and abuse of controlled drugs; the protection of intellectual property rights; the protection of consumer interests; and the protection and facilitation of legitimate trade and upholding Hong Kong's trading integrity.
The Automated Export System (AES) is the system used by U.S. exporters to electronically declare their international exports, known as Electronic Export Information (EEI), to the Census Bureau to help compile U.S. export and trade statistics. This information is also shared with the Bureau of Industry and Security, the Directorate of Defense Trade Controls, and other federal agencies involved in monitoring and validating U.S. exports. Formerly this declaration was only made on paper on the Shipper's Export Declaration form.
The Arms Export Control Act of 1976 gives the President of the United States the authority to control the import and export of defense articles and defense services. The H.R. 13680 legislation was passed by the 94th Congressional session and enacted into law by the 38th President of the United States Gerald R. Ford on June 30, 1976.
Adjusted Peak Performance (APP) is a metric introduced by the U.S. Department of Commerce's Bureau of Industry and Security (BIS) to more accurately predict the suitability of a computing system to complex computational problems, specifically those used in simulating nuclear weapons. This is used to determine the export limitations placed on certain computer systems under the Export Administration Regulations 15 CFR.
The United States Munitions List (USML) is a list of articles, services, and related technology designated as defense and space-related by the United States federal government. This designation is pursuant to sections 38 and 47(7) of the Arms Export Control Act. These articles fall under the export and temporary import jurisdiction of the Department of State.
The Ministry of Consumer Affairs, Food and Public Distribution is a government ministry of India. The Ministry is headed by a Cabinet rank minister. The current Minister is Ram Vilas Paswan.
The Under Secretary of Commerce for Industry and Security, or USC(IS), is a high-ranking official in the United States Department of Commerce and the principal advisor to the United States Secretary of Commerce on the export of sensitive goods and technologies. The Under Secretary is the head of the Bureau of Industry and Security within the Commerce Department.
The Bureau of Indian Standards (BIS) is the national Standards Body of India working under the aegis of Ministry of Consumer Affairs, Food & Public Distribution, Government of India. It is established by the Bureau of Indian Standards Act, 1986 which came into effect on 23 December 1986. The Minister in charge of the Ministry or Department having administrative control of the BIS is the ex-officio President of the BIS.
Energy in Australia is the production in Australia of energy and electricity, for consumption or export. Energy policy of Australia describes the politics of Australia as it relates to energy.
The Trade Sanction Reform and Export Enhancement Act was enacted by the United States Congress and signed by President Bill Clinton in 2000. The act altered regulations in regards to U.S. trade with Cuba. Under the act, the trade of certain agricultural commodities and medicine/medical devices became permitted. This act does not change any legislation in terms of receiving U.S. imports from Cuba. In addition, the act is not comprehensive and still heavily regulates what goods are exported to Cuba.
The Office of Export Enforcement (OEE) is a part of the United States Department of Commerce, Bureau of Industry and Security.
Manufacturing in the United States is a vital sector. The United States is the world's second largest manufacturer with a record high real output in Q1 2018 of $2.00 trillion well above the 2007 peak before the Great Recession of $1.95 trillion. The U.S. manufacturing industry employed 12.35 million people in December 2016 and 12.56 million in December 2017, an increase of 207,000 or 1.7%. Though still a large part of the US economy, in Q1 2018 manufacturing contributed less to GDP than the 'Finance, insurance, real estate, rental, and leasing' sector, the 'Government' sector, or 'Professional and business services' sector.
An Export Management and Compliance Program (EMCP) is required by the U.S. Government to ensure that companies comply with export control policy for dual-use commodities, software, and technology. The policies and regulations are intended to enhance national security; as well as limiting the proliferation of weapons of mass destruction. If the regulations are not followed, heavy fines can be levied against the company. Individuals involved at all levels can also be penalized with fines, and imprisonment.
Speciality chemicals are particular chemical products which provide a wide variety of effects on which many other industry sectors rely. Some of the categories of speciality chemicals are adhesives, agrichemicals, cleaning materials, colors, cosmetic additives, construction chemicals, elastomers, flavors, food additives, fragrances, industrial gases, lubricants, paints, polymers, surfactants, and textile auxiliaries. Other industrial sectors such as automotive, aerospace, food, cosmetics, agriculture, manufacturing, and textiles are highly dependent on such products.
