Export & Import
It would not be an assertive statement if it was said that imports and exports are the lifeblood of an economy. Import-export, which can be expressed under the name of foreign trade transactions, shows that there is vitality in the economy and the market is active. A situation where imports and exports cannot be made, on the contrary, indicates stagnation.
Import-export transactions determine the foreign trade balance as well as the foreign purchase and export figures are important in terms of revealing the strength of the economies of the countries.
It would not be an assertive statement if it was said that imports and exports are the lifeblood of an economy. Import-export, which can be expressed under the name of foreign trade transactions, shows that there is vitality in the economy and the market is active. A situation where imports and exports cannot be made, on the contrary, indicates stagnation.
Import-export transactions determine the foreign trade balance as well as the foreign purchase and export figures are important in terms of revealing the strength of the economies of the countries.
It is usual to prepare a written contract showing the rights and obligations for the resolution of disputes that may arise between the parties during the import process. These contracts both bind the parties and also have the feature of evidence in case of disagreement.
In order to eliminate disputes and legal conflicts in international trade, the United Nations and ICC (International Chamber of Commerce) have introduced rules and regulations for purchase and sale transactions. These arrangements are made to prevent the buyer and seller from wasting money and time unnecessarily.