Foreign trade financing is an integral part of banking business. Documentary Credit (also called letters of credit or “L/Cs”) is the key player in the foreign exchange business. With the globalization of economies international trade has become quite competitive. Timely payment for exports and quicker delivery of goods is‚ therefore‚ a pre-requisite for successful international trade operations. Growing complexity of international trade‚ separation of commercial parties across the globe and operating
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could win the war against Denmark. The war was won to win over border states Schleswig and Holstein‚ but Prussia ended up governing Schleswig and Austria‚ Holstein. After the alliance had just been made Prussia made a secret agreement with Italy. Bismarck purposefully stirred up border conflicts. This resulted in Austria declaring war on Prussia. The war was from 1866-1867 and was called “The Seven Weeks War”. The war quickly ended resulting in a embarrassed Austria‚ and a triumphant Prussia‚ now
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there is a risk‚ on one hand‚ of losing ancient trades (i.e.‚ carpenter) and‚ on the other‚ of being unable to satisfy essential needs such as healthcare and housing (think of the chronic need for nurses and skilled workers in these countries). Foreign labor is therefore a strategic factor that greatly contributes to the economic development of European countries. There are several critical aspects‚ however‚ such as verifying and ensuring legal entry and residence in destination countries‚ guaranteeing
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August 25‚ 2011 Protection Officer United Nations High Commissioner for Refugees (UNHCR) New Cottages‚ Motel Road 4700‚ Cox`s Bazaar‚ Bangladesh Subject: Application for the position of Protection Associate Dear Sir/Madam‚ I am writing to express my interest to be recruited in the position of Protection Associate in response to your recent advertisement in www.bdjobs.com. You will see from my profile that I have acquired considerable knowledge and experience to work in the position
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How far was Wolsey’s foreign policy defensive? Wolsey was Henry VIII’s chief adviser for fifteen years (1914-1929). He planned the French invasion in which Tournai and Therouanne were seized. He organized ‘the field of the cloth of gold’ and major peace treaties. Though to fully understand Wolsey’s foreign policies we need to know how the country was left by Henry VII to his son‚ Henry VIII. Henry VII was a cautious king‚ he spent more time writing his accounts of his expenses than he did ruling
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Australia’s foreign debt In recent years‚ Australia’s debt to the rest of the world has increased‚ and grew on average by 6.1% per year between June 1999 and June 2009‚ increasing from $15‚400 to $27‚900 in 2007-08. The growth in a country’s foreign debt can reflect several related influences. The value of its imports and other current payments to foreigners may exceed the value of its exports and other current receipts from foreigners‚ is this is the case then the nation experiences a deficit
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A foreign language is a language indigenous to another country. It is also a language not spoken in the native country of the person referred to‚ i.e. an English speaker living in Japan can say that Japanese is a foreign language to him or her. These two characterisations do not exhaust the possible definitions‚ however‚ and the label is occasionally applied in ways that are variously misleading or factually inaccurate. Some children learn more than one language from birth or from a very young
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1. How should Cuba’s foreign policy vis-à-vis Africa be characterized? Cuba’s foreign policy in relation with Africa should be characterized as very strong. The historical and cultural root of the African continent and its significant stamp on the formation of the Cuban nationality is an important pillar in the actions of the foreign policy of Cuba (Ministry of Foreign Affairs of the Republic of Cuba‚ 2010). Cuba is a proud member of the African Diaspora and is acknowledged by the African Union
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The Cold War conflict determine President Kennedy’s foreign policy by developing a new generation with his visionary and his say. Since The Eisenhower’s movement was slow moving over the years. The war against Communism also known as the cold war generated revenue and created jobs that contributed to the economical success in the 60s. John F. Kennedy was this well liked man‚ he went into office in 1960s‚ and he was known to be the “New Generation of Americans”. He wanted to be begin to build up
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Foreign capital: The capital available to any country other than the domestic capital in order to finance any domestic purpose is called foreign capital. Need for Foreign Capital 1.Capital investment requirements – Since underdeveloped countries want to industrialize themselves within a short period of time‚ it becomes necessary to increase capital investment substantially. This requires a high level of savings. However‚ because of general poverty‚ the savings are very low. This creates a
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