border trade
Cross-boundary economic exchange
Border trade is commerce conducted between communities or businesses on either side of a national boundary, often governed by special agreements that simplify customs procedures or reduce tariffs.
Such trade tends to involve everyday goods and local products rather than large-scale industrial commerce.
Border trade between the two countries has flourished since the checkpoint opened.
The term sometimes extends to informal or small-scale exchange that occurs in border regions regardless of official trade policies.
- tariffsTaxes on imports
- import-exportInternational goods commerce
- customs clearanceFormal import approval procedure
- duty freeExempt from customs levies
- currency exchangeConverting between national monies
maquiladoras · smuggling · economic integration · twin cities · freight transport · borderlands · no man's land · truck stop · regional markets · warehouses · trafficking · frontier · merchants · cash economy · crossing · exchange · quota · migrant labor
border tradedomestic trade
Commerce within national boundaries
local commerce · global trade · national market · local trade · international trade
border tradetrade embargo
Ban on commercial exchange
economic blockade · autarky · economic isolation · trade sanctions · trade blockade