• Print Page
• eMail Page

Search website for :

Home→The Westburn Dictionary of Marketing→F→foreign trade organization

foreign trade organization

Definition:
Most communist countries conduct overseas trade through such organizations under the general control of a Foreign Trade Ministry. They are responsible for both exports and imports in a particular industry. Generally these are the organizations with whom British exporters will have to deal initially in Communist markets; one problem they may create is that the FTO's interests may not be exactly the same as the prospective buyer's, and they may therefore, for purposes of their own, attempt to link a sale with some extraneous conditions such as payment in part or in full by BARTER.

Cross-References:
[barter]

Links:

Figures:

© Westburn Publishers Ltd 2002, The Westburn Dictionary of Marketing edited by Michael J Baker, ISBN 978-0-946433-01-8. www.themarketingdictionary.com. Entry: [James M. Livingstone],.