foreign sector

foreign sector

that part of the ECONOMY concerned with transactions with overseas countries. The foreign sector includes IMPORTS and EXPORTS of goods and services as well as CAPITAL MOVEMENTS in connection with investment and banking transactions. The net balance of foreign transactions influences the level and composition of domestic economic activity and the state of the country's BALANCE OF PAYMENTS. The foreign sector, together with the PERSONAL SECTOR, CORPORATION SECTOR, FINANCIAL SECTOR, PUBLIC (GOVERNMENT) SECTOR, make up the national economy. See also CIRCULAR FLOW OF NATIONAL INCOME.
References in periodicals archive ?
Head of the campaign's foreign sector, Parliament member Mahmoud Hussien, is to head to France on head of the delegation today.
Pakistan has no other substitute but to increase exports contain imports and raise remittances not only to have a proper balance in the foreign sector but to have enough foreign exchange to service the rising level of external debt.
Summary: LebanonEaAoEeACEeAOs foreign sector reported a significant improvement in activity on the back of a noticeable 40% growth in financial inflows over the first eleven months of 2016, generating a net surplus in the balance of payments of US$ 332 million, following a large deficit the year before.
In parallel, the foreign sector reported an improvement in activity on the back of the recent BDL financial engineering operations that resulted in a noticeable growth in financial inflows over the first nine months of the year, generating a surplus in the balance of payments of $555 million.
4 billion (with potential increase to US$3 billion) of investment in manufacturing projects evidenced the Government's commitment to increasing foreign sector investment and promoting the development of local industry.
For example, from 1999 to 2006, despite the cumulative inflation rate of 35 per cent, the Vietnamese state did not adjust the minimum wage in the foreign sector, thus allowing the exploitation of Vietnamese workers by foreign capitalists.
Furthermore, fluctuations in the foreign sector of an economy induce variations in domestic business activity.
The Board states that the country still experiences the weak inflationary impact of the foreign sector within the short-term
The proceeds from the disposal will enable Pemex to improve its balance sheet as it is getting ready for new partnerships with other foreign sector players, which are expected to be facilitated by the planned opening of the country's oil industry to foreign investment, Bloomberg commented earlier.
Abdullah Al Saleh, Under-Secretary of the Ministry of Economy for the Foreign Sector, and a number of senior officials from both the ministry and the US attended the meeting.
The ownership of these banks is divided into Public, Private, and Foreign Sector Banks.
Agents in the foreign sector economy demand both the agriculture commodity goods and formal sector home goods.

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