Re-export or Re-exportation is a form of international trade in which a country exports goods previously imported from another country.
Okay, does this definition sound way too elaborate? Then for the ease of understanding and usage, consider the following example to comprehend re export meaning:
Due to its location and relocation of manufacturing bases, specifically the Pearl River Delta, mainland China is a major source of offshore trading activities. Thus, much of the footwear produced in China is exported to Hongkong, and then re-exported to other nations, including India.
Reexport trade is conducted between two friendly nations with no conflict or trade barriers. Dubai has emerged as a major re-export center, and it re-exports various goods to Iran because of U.S. trade sanctions against it. Dubai can also be called an entrepot.
Now, what is an Entrepot?
An entrepot is a transshipment port or city where goods are imported, stored, or traded, usually to be exported again. In contemporary times, entrepots are used to refer to duty-free pots dealing in a high volume of re export goods.
In other words, the meaning of re export is an export of imported foreign goods such that its items remain unchanged.
Read more:- Depth Guide Re export
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