An import is the receiving country in an export from the sending country. Importation and exportation are the defining financial transactions of international trade.
In international trade, ...
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the importation and exportation of goods are limited by import quotas and mandates from the customs authority. The importing and exporting jurisdictions may impose a tariff (tax) on the goods. In addition, the importation and exportation of goods are subject to trade agreements between the importing and exporting jurisdictions.
