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The ITA was created on January 2, 1980, and is headed by the Under Secretary of Commerce for International Trade (USC(IT)), the principal adviser to the Secretary of Commerce on American imports and exports. The Under Secretary is the head of the International Trade Administration within the Commerce Department.
UN/CEFACT is the United Nations Centre for Trade Facilitation and Electronic Business. It was established as an intergovernmental body of the United Nations Economic Commission for Europe in 1996 and evolved from UNECE's long tradition of work in trade facilitation which began in 1957.
While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade.
The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...
World Trade Organization: 164 Geneva, Switzerland European Union: 27 Brussels, Belgium Organisation of Petroleum exporting countries (OPEC) 14 Vienna, Austria South Asian Association for Regional Co-operation (SAARC) 8 Kathmandu, Nepal Association of South East Asian Nations (ASEAN) 10 Jakarta, Indonesia Asia-Pacific Economic Cooperation (APEC) 21
Approve and implement the trade agreements negotiated under the Trade Act of 1974; Foster the growth and maintenance of an open world trading system; Expand opportunities for the commerce of the United States in international trade; Improve the rules of international trade and to provide for the enforcement of such rules, and for other purposes [1]
Business administration – Administration of a commercial enterprise; Business – Organization engaged in commerce or industry; Corporate finance – Framework for corporate funding, capital structure, and investments; Entrepreneurship – Taking financial risks in the hope of profit; Outline of business – Overview of and topical guide to ...
The Board's president remains the Secretary of State for International Trade, who by virtue of their membership of the Privy Council, is the only member. Advisors to the Board include industry leaders, academics, junior ministers in the Department for International Trade, and the Secretaries of State for Scotland, Wales, and Northern Ireland ...