Reexport


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Reexport

 

the export of raw-material commodities previously imported into a country, done so that the commodities can be resold to other countries. Commodities are reexported either unaltered or after insignificant external processing, such as cleaning, sorting, or repackaging. The commodities most commonly reexported are wool, hides, rubber, nonferrous metals, and food and condiments. Reexport developed extensively in the period of industrial capitalism, particularly in England. In the epoch of the general crisis of capitalism it has lost its former importance.

References in periodicals archive ?
Hence, the tin-can manufacturer would only be accountable to reexport finished tin cans that would be equivalent to 70 percent of its total duty-free importation of tin plates.
560(c) and such additional transactions as are "directly incident to the conduct of market research, commercial marketing, sales negotiation, accompanied delivery, or servicing in Cuba of items consistent with the export or reexport licensing policy of the Department of Commerce are authorized, provided that the traveler's schedule of activities does not include free time or recreation in excess of that consistent with a full-time schedule.
For example, the reexport of fuel and the export of scrap metal are both considered industrial exports, which is of course not correct.
A statement on the Commerce Department's Bureau of Industry and Security's (BIS) website said, "Since March 1, 2014, BIS has placed a hold on the issuance of licenses that would authorize the export or reexport of items to Russia.
authorization to export and reexport these products" after the
success in exporting livestock products to China has been partially due to Chinese demand for raw hides to be processed into leather and leather products, often for reexport.
This also contributed substantially in witnessing the hectic activity of the reexport of goods from the Jeddah Islamic Port, which is close to the city's famous old souks.
Pakistani Ambassador in UAE Jamil Ahmed Khan advised Pakistani businessmen to take full advantage of opportunities in the Emirates for reexport business.
The Philippines can adopt the model it is adopting for the US market wherein it is proposing for the use of US fabrics and yarns to be assembled here into garments and reexport them to the US at zero or preferential duty rates.
Regarding customs and penalties owed on complementary products imported for reexport and destroyed the June warehouse fire, the Customs Authority is asking Lecico to pay waived customs fees on these products and pay a penalty for the period since they were imported.
At the same time, he deems it likely that some of the countries along the route of South Stream will try to buy the Russian gas at their border, and then to reexport it.