Import-Export
/ˈɪmpɔrt-ˈɛkspɔrt/
Definitions
- (n.) The legal and commercial practice involving the shipment of goods and services across international borders.
The import-export regulations require companies to comply with customs laws to avoid penalties.
- (adj.) Relating to or involving the trade of goods and services between countries.
The import-export business has strict compliance requirements under international law.
Forms
- import-export
- import-exports
Related terms
See also
Commentary
The term covers both the act of importing and exporting as well as the business or legal framework governing cross-border trade.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.