The import of foreign-produced goods to be re-exported is known as

Assessment: WAEC SSCE - Commerce - 2010 (Objective) Subject: Commerce

Question 1 Report

The import of foreign-produced goods to be re-exported is known as

Answer Details
The import of foreign-produced goods to be re-exported is known as "entrepot trade." This is a type of trade in which goods are imported from one country and then re-exported to another country without any significant changes made to the goods. Entrepot trade can occur when a country has a strategic location or a free trade zone that makes it a hub for international trade. This type of trade allows for greater efficiency in global supply chains, as it enables goods to be shipped to a central location before being distributed to their final destination. Additionally, it can help to reduce costs by bypassing tariffs and other trade barriers that may be in place between the exporting and importing countries.

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