International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services.
Whisky or whiskey is a type of liquor made from fermented grain mash. Various grains are used for different varieties, including barley, corn, rye, and wheat. Whisky is typically aged in wooden casks, which are typically made of charred white oak. Uncharred white oak casks previously used for the aging of port, rum or sherry are also sometimes used.
Hay is grass, legumes, or other herbaceous plants that have been cut and dried to be stored for use as animal fodder, either for large grazing animals raised as livestock, such as cattle, horses, goats, and sheep, or for smaller domesticated animals such as rabbits and guinea pigs. Pigs can eat hay, but do not digest it as efficiently as herbivores do.
An octane rating, or octane number, is a standard measure of a fuel's ability to withstand compression in an internal combustion engine without undergoing pre-ignition. The higher the octane number, the more compression the fuel can withstand before detonating. Octane rating does not relate directly to the power output or the energy content of the fuel per unit mass or volume, but simply indicates gasoline's resistance to detonating under pressure without a spark.
A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials that are feedstock for future finished products. As feedstock, the term connotes these materials are bottleneck assets and are required to produce other products.
Table grapes are grapes intended for consumption while fresh, as opposed to grapes grown for wine production, juice production, or for drying into raisins.
Sandalwood is a class of woods from trees in the genus Santalum. The woods are heavy, yellow, and fine-grained, and, unlike many other aromatic woods, they retain their fragrance for decades. Sandalwood oil is extracted from the woods. Sandalwood is often cited as one of the most expensive woods in the world. Both the wood and the oil produce a distinctive fragrance that has been highly valued for centuries. Consequently, some species of these slow-growing trees have suffered over-harvesting in the past.
An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an exporter; the foreign buyers is an importer. Services that figure in international trade include financial, accounting and other professional services, tourism, education as well as intellectual property rights.
Trade barriers are government-induced restrictions on international trade. According to the theory of comparative advantage, trade barriers are detrimental to the world economy and decrease overall economic efficiency.
Non-tariff barriers to trade are trade barriers that restrict imports or exports of goods or services through mechanisms other than the simple imposition of tariffs. Such barriers are subject to controversy and debate, as they may comply with international rules on trade yet serve protectionist purposes.
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state at standard conditions for temperature and pressure.
Trade can be a key factor in economic development. The prudent use of trade can boost a country's development and create absolute gains for the trading partners involved. Trade has been touted as an important tool in the path to development by prominent economists. However trade may not be a panacea for development as important questions surrounding how free trade really is and the harm trade can cause domestic infant industries to come into play.
Live export is the commercial transport of livestock across national borders. The trade involves a number of countries with the Australian live export industry being one of the largest exporters in the global trade. According to the Australian Bureau of Statistics, exports of live sheep rose 21.4% and live calves increased 9.7% between March 2017 and March 2018. During 2017 alone, Australia exported 2.85 million living animals in shipping containers and airplanes. The expansion of the trade has been supported by the introduction of purpose-built ships which carry large numbers of animals. The amount of livestock exported from the European Union grew to nearly 586m kilograms between 2014 and 2017, a 62.5% increase during the time period.
Tissue paper or simply tissue is a lightweight paper or, light crêpe paper. Tissue can be made from recycled paper pulp on a paper machine.
Organic farming is practiced around the globe, but the markets for sale are strongest in North America and Europe, while the greatest dedicated area is accounted for by Australia, the greatest number of producers are in India, and the Falkland Islands record the highest share of agricultural land dedicated to organic production.
Fair trade coffee is coffee that is certified as having been produced to fair trade standards by fair trade organizations, which create trading partnerships that are based on dialogue, transparency and respect, with the goal of achieving greater equity in international trade. These partnerships contribute to sustainable development by offering better trading conditions to coffee bean farmers. Fair trade organizations support producers and sustainable environmental farming practices and prohibit child labor or forced labor.
Coffee production in Papua New Guinea is the country's second largest agricultural export, after oil palm, and employs approximately 2.5 million people. It accounts for approximately 1% of world production, according to the United Nations Conference on Trade and Development (UNCTAD).
Aconex Limited was an ASX 200 listed public Australian company providing mobile and web-based collaboration technologies for project information and process management, on a software as a service (SaaS) basis, to clients in the construction, infrastructure, power, mining, and oil and gas sectors.
Canned or tinned fish are food fish which have been processed, sealed in an airtight container such as a sealed tin can, and subjected to heat. Canning is a method of preserving food, and provides a typical shelf life ranging from one to five years. They are usually opened via a can opener, but sometimes have a pull-tab so that they can be opened by hand. In the past it was common for many cans to have a key that would be turned to peel the lid of the tin off; most predominately sardines, among others.
China's waste import ban, instated at the end of 2017, prevented foreign inflows of waste products. Starting in early 2018, the government of China, under Operation National Sword, banned the import of several types of waste, including plastics with a contamination level of above 0.05 percent. The ban has greatly affected recycling industries worldwide, as China had been the world's largest importer of waste plastics and processed hard-to-recycle plastics for other countries, especially in the West.
