foreign commerce
Cross-border business dealings
Foreign commerce is trade conducted between a nation and other countries—the exchange of goods, services, and capital across international borders.
The term appears frequently in legal and constitutional contexts: Congress has the power to regulate foreign commerce.
It encompasses imports, exports, and the shipping and financial services that facilitate international trade.
- trade sanctionsRestrictions on international commerce
- importObtain from overseas
- import exportInternational goods exchange
- port of entryAuthorized border crossing location
- shipping lanesDesignated ocean travel paths
cargo ships · container shipping · trade routes · market · open markets · multinational corporations · bilateral agreements · tariffs · customs duties · most favored nation · dock · warehouses · countertrade · global supply chains · quotas · embargoes · load · distribution centers
- Congress powersspending power, declare war, impeachment, lawmaking, appropriations
- Foreign Affairsdiplomatic relations, embassies, ambassadors, consulates, State Department
foreign commercedomestic trade
Commerce within national boundaries
local trade · interstate commerce · domestic economy · local commerce · regional trade
foreign commerceautarky
Complete economic independence
self-sufficiency · economic nationalism · protectionism · import substitution · economic independence
foreign, foreigner, foreigners, foreignness, commerce, commercial, commercially, commercialize, commercialization