Shuttle Trade

Shuttle Trade

A small retailer's purchase of goods in a different country in order to re-sell them. For example, a retailer in the United States may buy a limited amount of Belgian chocolate to sell in his gift shop. Shuttle trades often are snuck through customs without declaration in order to save on tariffs.
References in periodicals archive ?
The suitcase trade, also known as the shuttle trade, started in the early 1990s and refers to Turkish exports to Russia and its periphery with passengers packing merchandise in their luggage to sell outside Turkey.
Perhaps, part of the outflow took place due trading operations, shuttle trade in particular which uses money transfers for payment of goods," the Vice Chairman explained.
The weaker-than expected shuttle trade was the main reason behind the surprise to our call.
The current deficit rose because foreign companies started to transfer their profit abroad, and shuttle trade started to decline.
The Shuttle trade fair stand is located in Hall 17, Stand G68.
Although the shuttle trade had come to constitute the backbone of Russian consumer trade, this sort of business remained semi-legal.
The shuttle trade, the volume of which was estimated to be around $8.
The surprise to our call was mostly linked to the stronger shuttle trade.
They were the first ones to engage in shuttle trade, they were able to literally pull their families out of poverty since the early years of our independence.
56 million and shuttle trade revenues are estimated to increase by 32.
Speaking to Today's Zaman on the sidelines of the meeting, Roketskaya said that the majority of the trade in early 1990s was shuttle trade, known by locals as "suitcase trade," a primitive way of importing goods that often went undeclared.
Shuttle trade declined 12% in Kyrgyzstan since launch of the Customs Union of Kazakhstan, Russia and Belarus, Deputy Economic Regulation Minister Sultan Akhmatov said at the roundtable discussion in Bishkek.
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