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WAEC Commerce 2003 Question 22

Question 22

Foreign Trade

Entrepot trade means

  1. A.exchange of goods between two countries
  2. B.exchange of goods among many countries
  3. C.exporting goods to be re-imported
  4. D.importing goods to be re-exported
Show the answer and explanation

Answer: D (importing goods to be re-exported)

Explanation

Entrepôt trade is importing goods in order to re-export them.