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Simple English definitions for legal terms
international commerce
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A quick definition of international commerce:
International commerce refers to the exchange of goods and services between different countries. It involves large-scale transportation of goods and services across cities, states, and nations. On the other hand, internal commerce or intrastate commerce refers to the exchange of goods and services within the borders of a single state. Interstate commerce involves trade and other business activities between different states, including traffic in goods and travel of people between states.
A more thorough explanation:
Definition: International commerce refers to the trade and business activities that take place between different nations. It involves the exchange of goods and services on a large scale, often requiring transportation between cities, states, and countries.
Examples: Some examples of international commerce include:
- Importing goods from China to the United States
- Exporting cars from Germany to Japan
- Providing consulting services to a company in Brazil from a firm in Canada
These examples illustrate how international commerce involves the exchange of goods, services, and ideas between different countries. It can involve businesses of all sizes, from small startups to multinational corporations.
International Centre for the Settlement of Investment Disputes | international control