Presentation is loading. Please wait.

Presentation is loading. Please wait.

Safety is our 1° commandment

Similar presentations


Presentation on theme: "Safety is our 1° commandment"— Presentation transcript:

1 Safety is our 1° commandment
Technology, new trains and training of personnel; RFI and Trenitalia dedicate enormous resources and commitment to safety. The results reward our effort, but safety is a common good and it also depends on you. Behave responsibly and you will contribute to your safety and that of your fellow travelers. It’s enough to follow a few simple rules, both at the station and on the train. Respect them; not for the fear of being fined, but because safety is no joke. Sure? Sure!

2 _______ Price for which the currency of a country can be ______for another country's currency. Factors that influence ______include: (1) interest rates (2) inflation ____ (3) trade ___ (4) political ____ (5) internal ____ (6) high degree of transparency in the conduct of ____and administrators, (7) general _____of economy (8) ______of governance. Read more:

3 EXCHANGE RATE Price for which the currency of a country can be exchanged for another country's currency. Factors that influence exchange rate include: (1) interest rates (2) inflation rate (3) trade balance (4) political stability (5) internal harmony (6) high degree of transparency in the conduct of leaders and administrators, (7) general state of economy (8) quality of governance. Read more:

4 What is 'Balance Of Trade - BOT‘
The balance of trade (BOT) is the difference between a country's imports and its exports for a given time period. The balance of trade is the largest component of the country's balance of payments (BOP). Economists use the BOT as a statistical tool to help them understand the relative strength of a country's economy versus other countries' economies and the flow of trade between nations. The balance of trade is also referred to as the trade balance or the international trade balance.

5 What is an 'Invisible Trade '
An invisible trade is a business transaction that occur with no exchange of tangible goods. An invisible trade involves the transfer of non-tangible goods and/or services, including customer service, intellectual property and patents. The items involved in invisible trade are associated with a value and can be exchanged for tangible goods.

6 ________ In reference to international trade, is the export by a country or ______of a product at a _______ that is _______ in the foreign market than the price charged in the ___ market. As ______usually involves substantial export volumes of the product, it often has the effect of endangering the financial viability of ______or producers of the product in the ____nation.

7 DUMPING In reference to international trade, is the export by a country or company of a product at a price that is lower in the foreign market than the price charged in the domestic market. As dumping usually involves substantial export volumes of the product, it often has the effect of endangering the financial viability of manufacturers or producers of the product in the importing nation.

8 What is a ____ A ___is a government-imposed trade restriction that _____the number, or monetary value, of ____that can be imported or exported during a particular ____period. _____are used in international trade to help regulate the volume of trade _____countries. They are sometimes imposed on specific goods to reduce _____, thereby increasing domestic production. In theory, this helps protect ____production by restricting ______competition.

9 What is a 'Quota‘ A quota is a government-imposed trade restriction that limits the number, or monetary value, of goods that can be imported or exported during a particular time period. Quotas are used in international trade to help regulate the volume of trade between countries. They are sometimes imposed on specific goods to reduce imports, thereby increasing domestic production. In theory, this helps protect domestic production by restricting foreign competition. Read more: Quota Definition | Investopedia  Follow us: Investopedia on Facebook

10 What is a _____ A ____is a benefit given by the government to groups or individuals, usually in the form of a cash ____or a tax ______. The ____is typically ____to remove some type of burden, and it is often considered to be in the overall interest of the _____.

11 What is a 'Subsidy' A subsidy is a benefit given by the government to groups or individuals, usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public.

12 What is an ____ An _____is a government order that restricts commerce or exchange with a specified country or the exchange of specific _____. An ____is usually created as a result of unfavorable ______or economic circumstances between nations. The ______looks to isolate the country and create difficulties for its governing body, forcing it to act on the underlying issue.

13 What is an 'Embargo‘ An embargo is a government order that restricts commerce or exchange with a specified country or the exchange of specific goods. An embargo is usually created as a result of unfavorable political or economic circumstances between nations. The restriction looks to isolate the country and create difficulties for its governing body, forcing it to act on the underlying issue.

14 What is the 'Euromarket‘
The euromarket is the market that includes all of the European Union member countries - many of which use the same currency, the euro. All tariffs between Euromarket member countries have been abolished, and import duties from all non-member countries have been fixed for all of the member countries. The Euromarket also has one central bank for all of the member countries, the European Central Bank (ECB).

15 What is an 'Import Duty ‘ Import duty is a tax collected on imports and some exports by the customs authorities of a country. It is usually based on the value of the goods that are imported. Depending on the context, import duty may also be referred to as customs duty, tariff, import tax and import tariff.

16 Common External Tariff
the common tariff of charges imposed by the members of a customs union on imports from non-members

17 The Common Customs Tariff of the EU
A customs union is characterised by the existence of a single external tariff applied by all Member States to imports coming from third countries. Such imports only have to clear customs once and can then move freely within the common customs area. Reaching an agreement among the original Member States on a single external tariff required a complex striking of balances and compromises, given the different national interests, stemming from the different products that each country wished to protect. The common customs tariff (CCT) adopted by the European institutions in 1968 is, therefore, a major achievement of European integration (Article 28 TFEU, ex Article 23 TEC).

18 advice note A document sent by a supplier to a customer to
inform him that goods he ordered have been dispatched.  It usually gives details such as the quantity of goods and how they have been sent


Download ppt "Safety is our 1° commandment"

Similar presentations


Ads by Google