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By understanding the differences between foreign transaction fees and currency conversion fees, you can take proactive steps to minimize or eliminate these costs.
Cross-border shopping between three countries in Canada, Mexico, and the United States has been robust. The North American Free Trade Agreement (NAFTA) has reduced barriers and tariffs, facilitating cross-border trade. Each day 2008, $2 billion of cross-border trade was conducted between Canada and the United States alone. [12]
A "transborder" flight was a flight between Canada and a destination in the United States, while an "international" flight was a flight between Canada and a destination that is not within the United States or Canada. A "domestic" flight is defined as a flight within Canada's borders only.
The word "international" in an airport's name usually means that it is an airport of entry, but many airports of entry do not use it. Airports of entry can range from large urban airports with heavy scheduled passenger service, like John F. Kennedy International Airport, to small rural airports serving general aviation exclusively.
Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the " issuing bank ").
An international licensing agreement allows foreign firms, either exclusively or non-exclusively to manufacture a proprietor's product for a fixed term in a specific market. In this foreign market entry mode, a licensor in the home country makes limited rights or resources available to the licensee in the host country.
^A : At Montréal–Trudeau and at other airports in Canada with United States border preclearance, a distinction is made between "transborder" and "international" flights for operational and statistical purposes. A "transborder" flight is a flight between Canada and a destination in the United States, while an "international" flight is a ...
International departure hall International arrivals hall. The International concourse was designed by Vancouver-based Architectura, now Stantec, [22] with Kansas City–based HNTB Corporation (1994–1996). [20] It was expanded to the west between 2017 and 2021 to allow for more gates and more remote stand operations. [23]