Vocabulary of International Trade | Business English

Master the professional vocabulary of foreign/international trade in this powerful lesson. You will learn the exact meaning of verbs like comply, liberalize, and deregulate; understand policies like protectionism, free trade, and laissez-faire capitalism; recognize a deficit, surplus, upturn, and slowdown; know about importers, exporters, and proponents. Upgrade your business English now to participate more successfully in your next job interview or business meeting. Test your knowledge with the quiz: Get extra help with your business English on my website: More videos to watch next: Business English Vocabulary: MARKET, PRODUCTS, BRANDING, CONSUMERS, and more Business English for Project Management & Budgets In this lesson: 0:00 Business English Vocabulary for International Trade 1:05 protectionism & free trade 1:35 tariffs 2:20 proponent of _______ 3:00 liberalize & tighten restrictions 4:06 quotas 4:52 domestic 5:45 customs 6:46 free port 7:55 deregulate 8:25 subsidise 10:05 laissez-faire & free market capitalism 10:53 to comply with regulations 11:12 – review – 12:39 upturn & slowdown 12:58 commodities 13:18 exports & imports 13:34 trade deficit 14:30 trade surplus 14:58 impact of currency