International Commerce

DEFINITION of 'International Commerce'

The buying and selling of goods between sovereign nations. International commerce allows countries to take advantage of competitive advantages in certain areas, while diminishing disadvantages in other areas. To help facilitate international buying and selling among countries, a variety of national and local government agencies have been set up, including the International Chamber of Commerce (ICC).

BREAKING DOWN 'International Commerce'

It is technically different from international trade, only in that commerce generally refers to buying and selling goods and services, as opposed to exchanging them. With businesses becoming increasingly more global, international trade and commerce has grown more and more popular, and has allowed companies in smaller geographical areas to compete against those based in more densely populated regions.

RELATED TERMS
  1. Commerce

    The conduct of trade amongst economic agents. Generally, commerce ...
  2. International Chamber Of Commerce ...

    The largest, and arguably most diverse, business organization ...
  3. Chamber Of Commerce

    An association of businessmen and businesswomen designed to promote ...
  4. Mobile Commerce

    The use of wireless handheld devices such as cellular phones ...
  5. Energy And Commerce Committee

    A established by in 1975 by the United States House of Representatives ...
  6. International Finance

    Definition of international finance
Related Articles
  1. Personal Finance

    Understanding Electronic Commerce

    Electronic commerce is the buying and selling of goods and services over an electronic network.
  2. ETFs & Mutual Funds

    4 Ways to Get International Exposure in Your Portfolio

    International investing provides diversification, which is needed these days. When it comes to investing in foreign stocks, there are lots of options.
  3. Markets

    5 Federal Reserve Reforms That Would Boost Transparency

    The U.S. Chamber of Commerce recently published specific directives for the Federal Reserve to become more transparent and accountable.
  4. Markets

    Macroeconomics: International Trade

    By Stephen Simpson International trade is the exchange of goods, services and capital across national borders. It is a multi-trillion dollar activity, central to the GDP of many countries, and ...
  5. Investing

    Commerce Bancshares Q2 Earnings Beat, Rev Miss (CBSH)

    The community bank reported mixed second quarter results, resulting in a beat on the bottom line, but a miss on the top line.
  6. Markets

    PayPal Buys Mobile Commerce Platform (PYPL, JWN)

    Fresh off becoming an independent company, PayPal (NASDAQ: PYPL) has made its first acquisition. The company has purchased Modest, a privately held company started in part by Harper Reed, the ...
  7. Investing

    5 Top-Paying Intern Positions

    We list the top paying internships along with the average monthly salary.
  8. Markets

    How Globalization Affects Developed Countries

    Globalization is the process of expanding business operations on a worldwide level. It’s easier than ever for companies to compete on the global market.
  9. Managing Wealth

    Does International Investing Really Offer Diversification?

    Historically, international investing has worked out well for investors, but this may no longer be the case.
  10. Personal Finance

    Internet Sales Tax's Effect on Interstate Commerce

    Find out how a national Internet sales tax could affect interstate commerce, and why some bigger online retailers are lobbying for such a tax.
RELATED FAQS
  1. Is it possible for a country to have a comparative advantage in everything?

    Learn whether one country can have a comparative advantage in everything and what the difference between comparative advantage ... Read Answer >>
  2. What effect has globalization had on international investments?

    Learn how globalization impacts international investment and transforms economies around the world. Understand the implications ... Read Answer >>
  3. What is the difference between CIF and an incoterm?

    Learn the difference between CIF and an Incoterm. CIF is one of the 12 Incoterm established in 1936 by the International ... Read Answer >>
  4. Can entities other than banks issue letters of credit?

    Obtaining a letter of credit from a non-bank is legally acceptable according to the ICC, but companies tend to prefer to ... Read Answer >>
  5. What is the role of the nation-state in globalization?

    Learn about the evolving role of the nation-state in an increasingly globalized world as fewer boundaries restrict international ... Read Answer >>
  6. What is the difference between a global fund and an international fund?

    In the English language, "global" and "international" tend to be used interchangeably - hence the confusion in the investing ... Read Answer >>
Hot Definitions
  1. Glass-Steagall Act

    An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment ...
  2. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  3. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  4. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  5. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  6. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
Trading Center