Definition of Noncompetitive imports

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TeachMeFinance.com - explain Noncompetitive imports



Noncompetitive imports

The term 'Noncompetitive imports ' as it applies to the area of agriculture can be defined as ' A term used by the Economic Research Service in its reporting of agricultural trade statistics to refer to imports of commodities not produced in the United States. Commodities such as tea, bananas, or coffee are considered noncompetitive imports. In contrast, imported commodities that are also produced in the United States are referred to as competitive imports'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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