Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as

Assessment: WAEC SSCE - Commerce - 2011 (Objective) Subject: Commerce

Question 1 Report

Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as

Answer Details
Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as invisible exports. Invisible exports refer to services sold by one country to another, which are not tangible goods, and therefore are not physically visible when they cross the border. Examples of invisible exports include shipping services, tourism, banking, insurance, and consultancy services. In this case, Nigeria is exporting shipping services to The Gambia, and since shipping services are not tangible goods, they are classified as invisible exports by The Gambia.
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