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Chamber of commerce local association of business people organized to promote the welfare of their community, especially its commercial interests. Each chamber of commerce usually has an elected board of directors, and its work is done through committees. Among the activities frequently carried on by these committees are industrial surveys and efforts to attract new industries to the city, the provision of Information and advice to government on topics ranging from labor disputes to taxes, and the promotion of tourism in cities.

The chamber of commerce first organization to use the name; the idea spread through France in the 17th and 18th cent. The first to be formed in Great Britain was on the island of Jersey (1768). In America the first was the Chamber of Commerce of the State of New York, organized in 1768. By 1870 there were 40 throughout the United States.

The local chambers are federated in the United States Chamber of Commerce (founded 1912), which maintains at its Washington, D.C., headquarters a technical staff and lobbies in the interests of its member organizations. Its membership includes 3 million companies, 3,000 state and local chapters, and 830 business associations; American chambers are located in 82 foreign countries, and those of other countries have offices in the United States. The International Chamber of Commerce (founded 1920) promotes open international trade and investment. Its headquarters are in Paris.

Commerce traffic in goods, usually thought of as trade between states or nations. Engaged in by all peoples from the earliest times, it has been carried on in some areas and by some peoples more than others, because of special geographical, technological, or economic advantages. The Egyptians, the Sumerians and later inhabitants of Mesopotamia, the Cretans, the Syrians, the Phoenicians, the Greeks, the Arabs, and the Western Europeans have excelled in commerce, tapping the resources of the East, Oceania, the Americas, and Africa.

E-commerce commerce conducted over the Internet , most often via the World Wide Web . E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. A customer can order items from a vendor's Web site, paying with a credit card, the customer enters account Information via the computer) or with a previously established accounts. The transaction Information is transmitted (usually by modem ) to a financial institution for payment clearance and to the vendor for order fulfillment. Personal and account Information is kept confidential through the use of "secured transactions" that use encryption technology (see data encryption.

In an effort to further the development of e-commerce, the federal Electronic Signatures Act (2000) established uniform national standards for determining the circumstances under which contracts and notifications in electronic form are legally valid. Legal standards were also specified regarding the use of an electronic signature ( "an electronic sound, symbol, or process, attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record" ), but the law did not specify technological standards for implementing the act. The act gave electronic signatures a legal standing similar to that of paper signatures, allowing contracts and other agreements, such as those establishing a loan or brokerage account, to be signed on line.

Consumer purchases, e-commerce grew rapidly in the late 1990s. In 1998 on-line retail ( "e-tail" ) sales were $7.2 billion, double the amount in 1997. On-line retail ordering represented 15% of nonstore sales (which included catalogs, television sales, and direct sales) in 1998, but this constituted only 1% of total retail revenues that year. Books are the most popular on-line product order—with over half of Web shoppers ordering books (one on-line bookseller, which started in 1995, had revenues of $610 million in 1998)—followed by software, audio compact discs , and personal computers . Other on-line commerce includes trading of stocks , purchases of airline tickets and groceries, and participation in auctions.

Imports are goods and services that are brought from the country in which they are produced into another country for use by its people. Examples of goods that have been imported into the United States include oil from the Middle East, cars from Japan, wine from France, and bananas and coffee from South America. There are thousands of other imported goods, ranging from raw materials to finished products like computers, clothing, and jet aircraft.

Imports play an important role in the economy of virtually all modern industrial nations. In many leading industrial nations, 20 percent or more of all money spent was used for buying something produced in another country. The United States is one of the world's leading importing countries, which enables citizens to buy a wide range of goods and services.

Imports give citizens a broader range of products to choose, but they can be a source of political anxiety as well. Laborers who rely on sales of domestic-made products for job protection may complain that their fellow citizens are spending money on foreign-made products when similar products may be produced domestically. The higher the amount of imports, the greater the number of jobs that may be lost to foreign workers. In the 1970s for example, U.S. auto and steelworkers were losing jobs while record levels of foreign-made cars and steel were being imported to the United States. This anxiety led to calls for protectionist legislation—laws that restricted the flow of goods into a nation. Another source of anxiety from imports is the fear that one nation may develop too great a dependence on foreign goods. In the 1970s for example, Middle Eastern oil producers were able to create widespread shortages of gasoline and other energy products in the United States by temporarily halting oil shipments to the United States.

Organization of Petroleum Exporting Countries (OPEC), multinational organization (est. 1960, formally constituted 1961) that coordinates petroleum policies and economic aid among oil-producing nations. Its Board of Governors and board chairperson are elected by member nations; OPEC's headquarters are in Vienna, Austria. Members consist of Algeria, Angola, Ecuador (membership suspended 1992-2007), Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Indonesia was a member but suspended its membership in 2008. Saudi Arabia has traditionally dominated the organization, owing to its enormous oil reserves; the organization's members produce about 40% of the world's crude oil.

In 1973, as a result of the oil embargo against Western nations who supported Israel during the Yom Kippur War (see Arab-Israeli Wars ), OPEC was able to raise oil prices tremendously; the price hike caused inflation in oil-importing nations. Increases ensued from 1975 to 1980. However, as importing countries pursued alternate energy resources, OPEC was forced to lower prices by 1982. Oil prices remained low through most of the 1980s and 90s, with only a temporary hike during the Persian Gulf crisis of 1990-91 (see Persian Gulf War ). With the cooperation of non-OPEC oil-exporting nations, OPEC was able to raise prices in 1998 by cutting production. As prices rose above $30 a barrel in early 2000, OPEC members agreed to increase production somewhat, cutting back production again a year later in an attempt to maintain prices. A worldwide economic slowdown caused oil prices to fall to near $20 by late 2001, but cutbacks by OPEC and non-OPEC nations, an economic rebound (including very strong economic growth in China), and the U.S. invasion and occupation of Iraq subsequently caused benchmark prices to rise and stay above $40 in mid-2004. Efforts by OPEC to control prices, however, have generally been less influential than market forces, which drove the price of oil to nearly $150 in mid-2008 and down to under $70 before the end of the year.

Excellent International exporting and importing via the online internet ecommerce distribution.


International Business, Shopping, Souvenirs, Gifts, Toys, Jewelry, Electronics, International, Fashion, Fashions.





International Business, Shopping, Souvenirs, Gifts, Toys, Jewelry, Electronics, International, Fashion, Fashions.



Women, Men's, Fashion, Shoes, Electronics, Cosmetics, led, oled, qled, tv's, Sony, Panasonic,Sharp, Akai, Yamaha, Samsung, LG Electronics, Intel, Asus, Pioneer, Canon, Nikon,

Roland, Teac, Toshiba, Stereo's, Phones, Toys, Kitchen Products, Furniture, Computers. 


International Business

International Business