Entrepôt trade refers to the practice of re-exporting goods with or without processing or re-packaging them again. This type of trade occurs at duty-free ports, where these goods do not have additional import or export duties, or taxes, placed upon them. These ports were particularly important during the period of mercantilism in the Middle Ages and shortly afterward, when they were used to ship goods between Europe and its colonies and outposts in Asia and the Middle East. In mercantilism, a country's government was still the main regulator of the economy, and certain cities were designated as staple ports (which required merchants to unload their goods from ships at that port and trade them within a few days). Traders often did not want to travel along the entire trade route to sell their goods, so they deposited them in entrepôts. Important entrepôt ports included Amsterdam, Venice, Hong Kong, Macao, and Dubai.
Subscribe to:
Post Comments (Atom)
find square roots of -1+2i
We have to find the square root of `-1+2i` i.e. `\sqrt{-1+2i}` We will find the square roots of the complex number of the form x+yi , where ...
-
In addition to having far more moving parts, a global project is far more complex than one within one nation because one must take into acco...
-
Alfred Noyes wrote "Song of the Wooden-Legged Fiddler" in 1805. It is the tale ( song ) of a youngster who ran away to sea, to ...
-
Gulliver has a mild and fair disposition, which he exhibits when he is with the Lilliputians. When they have tied him up, he thinks that he ...
No comments:
Post a Comment