importing


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Import

A good produced in a country other than the one in which it is sold. Imports bring money into the producing country and can remove money from the country in which the good is sold. For that reason, many economists believe that a nation's proper balance of trade means more exports are sold than imports bought. Some countries set up various trade barriers against imports, notably import quotas and tariffs. Most governments seek to promote exports, while they have differing positions on imports. See also: Free trade, NAFTA.

importing

the sale in the home market of a product which is produced in a foreign country Domestic producers may IMPORT particular materials, components and final products either because they are unobtainable from domestic sources or because foreign producers can supply an input more cheaply or supply an alternative version of the final product. Similarly importing may be undertaken (indirectly or directly) by foreign-based firms as an adjunct to their EXPORTING operations. In some cases locally based agents may be contracted by overseas producers to develop sales outlets and importers/distributors may be appointed to handle physical distribution. In other cases, in order to build up a stronger position in the market, foreign producers may prefer instead to establish their own sales offices and subsidiary companies to handle local distribution and marketing. See INTERNATIONAL TRADE, MULTINATIONAL ENTERPRISE, PARALLEL IMPORTING, CUSTOMS AND EXCISE.
References in periodicals archive ?
communication is crucial to that exchange, whether you're exporting importing.
But in smaller developing countries, particularly when Importing from cottage-sized crafts-based businesses or small manufacturers, it's often cash-in-advance; without it, many of these vendors cannot even start a project.
These import/export programs can access an accounting data file on the same computer or on a backup disk from another DOS system, importing as much as the account number, description and previous and current years' balances.
If some of your clients do their bookkeeping on a Macintosh computer--and many smaller businesses do--it's probably prevented you from importing their data into your DOS-based accounting software.
Import Server offers importing support for black and white, grayscale, and color images, and works with any POP3 (post office protocol) or IMAP (internet message access protocol) compliant email server.
ITI), an American company that delivers customized manufacturing and importing solutions to North American companies, report overall profit growth averaging 20 percent as a result of their import manufacturing strategies.
The addition of other world-class brands brings Star Brand Imports into the next league importing some of the most popular and beloved brands in the world.
NextLinx software and Web services solutions combine global trade business rules and country-specific trade data, consisting of denied party lists, landed cost components, import and export controls, and customs duties and documentation, to help companies reduce the risks and costs associated with importing and exporting goods across international borders.
Automatic Composition Import FCP Suite simplifies the previously time consuming process of importing and exporting projects between Apple Final Cut Pro and Adobe After Effects, by allowing users to seamlessly exchange the media necessary to quickly and accurately recreate projects.