Transcript Safety is our 1° commandment

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!
_______
• 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: http://www.businessdictionary.com/definition/exchange-rate.html
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: http://www.businessdictionary.com/definition/exchangerate.html
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.
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 nontangible 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.
________
• 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.
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.
http://www.investopedia.com/terms/d/dumping.asp
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.
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 http://www.investopedia.com/terms/q/quota.a
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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 _____.
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.
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.
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.
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).
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.
Common External Tariff
• the common tariff of charges imposed by the
members of a customs union on imports from
non-members
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).
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