The most common terms used on International Trade:

· Globalization: It’s a global movement to increase the flow of goods, services, people, real capital, and money across national borders in order to create a more integrated and interdependent world economy.
· Global Economy: It’s the international network of individuals, businesses, governments, and multilateral organizations which collectively make production and consumption decisions.
· Technology: It’s the use of scientific knowledge to solve practical problems, especially in industry and commerce.
· Trade liberalization: It’s the removal of government incentives and restrictions from trade between nations.
· Industrialization: It’s the process of social and economic change that transforms a human group from a pre-industrial society into an industrial one.
· Globalization: It’s a process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and trade.
· Free trade: It’s a system of trade policy that allows traders to act and or transact without interference from government.
· Export: It’s derived from the conceptual meaning as to ship the goods and services out of the port of a country.
· Asset: It's a product that is bought or sold on the global market.
· Liability: It's an amount of money that has no being paid.
· Current account: It’s an account where are recorded the inflow and outflow of goods and services into a country.
· Balance of trade: It makes up the total of imports and exports of a country.
· BOT surplus: It means that a country exports more than imports.
· BOT deficit: It means that the country imports more than exports
· General Agreements on Tariffs and Trade (GATT): It’s a United Nations international trade organisation.
· Antidumping laws: They are laws that are enacted to prevent dumping - offering prices in the overseas market that is lower than that at which a product is sold in its home domestic market.
· Economic Integration: They are the integration of commercial and financial activities among countries through the abolishment of economic discrimination.
· Tariffs: They are taxes on imported goods and services, levied by governments to raise revenues and create barriers to trade.
· Trade Barrier: It’s a governmental policy, action, or practice that intentionally interrupts the free flow of goods or services between countries.
· Agreement: It’s a meeting of minds between two or more legally competent parties, about their relative duties and rights regarding current or future performance.