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JAMB Commerce 1998 Question 19

Question 19

Foreign Trade

Entrepot trade is said to have taken place when goods are

  1. A.held at the port pending payment of custom duty
  2. B.sold in the ship under special regulation
  3. C.imported and then re-exported
  4. D.kept for further processing before sales.
Show the answer and explanation

Answer: C (imported and then re-exported)

Explanation

Entrepot (re-export) trade means importing goods and exporting them again to another country.