Classification regimes, such as the standard international trade classification, allow for well-defined trade categories to which customs rules can be applied. International trade is seen as a series of commercial transactions between trade partners that tracks the value of what is being traded and the types of goods these transactions involve. International trade is based on the notion of exchange, which involves what is being traded, the partners involved as well as the transactional environment in which trade takes place, namely customs procedures (tariff and non-tariff barriers). Hesse (eds) Cities, Regions and Flows, London: Routledge. Source: Rodrigue, J-P (2012) “Supply Chain Management, Logistics Changes and the Concept of Friction”, in P.V. International Trade Transportation Chains and Logistics
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