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100
Statement that goods have been shipped
Bill of Lading
100
When intangible property rights such as patents, copyrights, trademarks or manufacturing processes are transferred in exchange for royalties in the foreign country.
License or Franchise Contract
100
This is the umbrella organization that regulates world trade
World Trade Organization (WTO)
100
This is the traditional place for ascertaining what is public international law
International Court of Justice (ICJ)
100
Examines relationships created by commercial transactions and utilizes international agreements, as well as the laws of nations to resolve business disputes.
Private International Law
200
This promotes economic development in poor countries by making loans to finance necessary development projects and programs.
World Bank
200
This outlined standard international practices for the sale of goods
Convention on the International Sale of Goods (CISG)
200
This examines relationships between nations and uses rules that are binding over all countries in the international community
Public International Law
200
This increased trade and foreign investment and opportunities for economic growth in the United States, Mexico & Canada
North American Free Trade Agreement (NAFTA)
200
The claim made by a foreign government that it owns expropriated property
Nationalization
300
Two or more persons or business organizations agreeing to do business for a specific and limited purpose
Joint Venture
300
This is the seizure of foreign-owned property by a government
Expropriation
300
This act was created to stop bribery of foreign officials and to prohibit U.S. citizens and companies from making payments to foreign officials whose duties are not "essentially ministerial or clerical" for obtaining business
Foreign Corrupt Practices Act (FCPA)
300
What are the penalties of Violation the FCPA?
1) Corporations and other business entities are subject to a fine of up to $2 Million 2) Officers, stockholders, directors, employees and agents are subject to fines of up to $100,000 and imprisonment up to 5 years
300
This represented the determination of a war-weary world to open trade and end the protection of domestic industries
General Agreements on Tariffs & Trade (GATT)
400
This provides that a foreign sovereign is immune from suit in the United States
Sovereign Immunity
400
This encourages international trade by maintaining stable foreign exchange rates and works closely w/ commercial banks to promote orderly exchange policies with members
International Monetary Fund (IMF)
400
This was created by the Treaty of Rome, an organization that seeks to facilitate the free movement of goods, services, labor, professions, transportation and capital among European countries. (Was a coal-sharing unit until 1957)
European Union (EU)
400
This practice is common in a multinational corporation that conducts part of its business operations in a foreign country
Foreign Subsidiary
400
The WTO agreement that discusses the applicability of GATT principles and intellectual property agreements in the international sphere
Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS)
500
This act codifies restrictive theory and rejects immunity for commercial acts carried on in the United States or having direct effects on this country
Foreign Sovereign Immunities Act (FSIA)
500
This grants jurisdiction to U.S. federal district courts over "any civil action by an alien for a tort only, committed in violation of the law of nations or a treaty of the United States"
Alien Tort Claims Act (ATCA)
500
This law was created in 1966 to develop standardized commercial practices and agreements
United Nations Commission of International Trade Law (UNCITRAL)
500
This agreement opened up many opportunities for business in Central America
Central America-Dominion Republic Free Trade Agreement (CAFTA-DR)
500
This is used to ensure payment, and includes not only a buyer and seller, but also an issuing bank in the buyer's country.
Irrevocable Letter of Credit