Entrepôt trade is best described as

Question

Accepted Answer

The importation of goods for the purpose of re-exporting them to a third country. Entrepôt trade involves importing goods into a country, often storing them temporarily, and subsequently re-exporting them to other countries. Countries like Singapore and the United Arab Emirates are classic examples of entrepôt trade centres. It is distinct from ordinary import trade where goods a

Answer

A) The importation of goods for direct sale to local consumers

Answer

B) Trade between two countries using a common currency

Answer

C) The importation of goods for the purpose of re-exporting them to a third country

Answer

D) Trade conducted exclusively within the borders of one country

Entrepôt trade is best described as

Practice more Commerce questions