New imaging method aids in water decontamination

A breakthrough imaging technique developed by Cornell University researchers shows promise in decontaminating water by yielding surprising and important information about catalyst particles that can't be obtained any other ...

New approach to energy strategy accounts for uncertainty

Many countries—including Switzerland—are developing an energy strategy to meet various objectives such as reducing reliance on fossil fuels, cutting CO2 emissions and promoting the energy transition. That means governments ...

Following the ocean's flow

The dramatic sight of Atlantic waves crashing onto UK shores from the vast, surging ocean illustrates perfectly the joke behind its nickname of 'The Pond'.

Witnessing uncivil behavior

Suppose you're at a nice restaurant celebrating your anniversary. When a customer at a nearby table complains that it's taking too long to get his meal, you and your spouse overhear the server's brusque response. Would the ...

Do sensors make infrastructure safer?

Simply driving down the road gives you a sense for the current state of our infrastructure: crumbling and in need of repair. Aside from retrofitting or replacing current infrastructure with new construction and materials, ...

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Import

The term import is derived from the conceptual meaning as to bring in the goods and services into the port of a country. The buyer of such goods and services is referred to an "importer" who is based in the country of import whereas the overseas based seller is referred to as an "exporter". Thus an import is any good (e.g. a commodity) or service brought in from one country to another country in a legitimate fashion, typically for use in trade. It is a good that is brought in from another country for sale. Import goods or services are provided to domestic consumers by foreign producers. An import in the receiving country is an export to the sending country.

Imports, along with exports, form the basis of international trade. Import of goods normally requires involvement of the customs authorities in both the country of import and the country of export and are often subject to import quotas, tariffs and trade agreements. When the "imports" are the set of goods and services imported, "Imports" also means the economic value of all goods and services that are imported. The macroeconomic variable I usually stands for the value of these imports over a given period of time, usually one year.[citation needed]

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