Task 9. Insert the right infinitive from the list below. Translate the sentences.

1. National legislation shall specify the conditions ____ and the Customs formalities ____ for the clearance of goods for home use.

2. The factor ___ shall include the particular requirements of trade and industry.

3. Goods ___ for use or consumption must be declared for home use.

4. The Customs authorities shall designate the Customs offices ___ goods for home use.

5. There are certain categories of goods ___ at Customs offices designated for that purpose.

6. Security ___ payment of the import duties and taxes may be required by the Customs.

7. The main measures ___ in connection with clearance are the following.

8. National legislation may include restrictions ___ the importation of certain goods.

9. There are other competent authorities ___ certain controls on goods declared for home use.

10. It is the Customs responsibility ___ the data required for trade statistics.

Task 10. Fill in the following words: capital goods, consumer goods, durable, intellectual property, investment, invisible trade, nondurable, patents, producer goods, raw materials (2), services, visible trade.

In economics, ___ is exchange of physically tangible goods between countries, involving the export, import, and re-export of goods at various stages of production. It is distinguished from ___, which involves the export and import of physically intangible items such as services. Countries lacking various ___will import needed substances such as coal or crude oil from nations. Sometimes ___ will be partially processed or converted into ___ within the country from which they originate. Goods may also be processed into ___ prior to export or import and prior to the ultimate purchase by the buyer. These may be ___, as are automobiles, or ___, as is food. Visible trade also includes the export and import of ___ such as industrial machinery and equipment. Basic categories of invisible trade include ___(for example shipping); income from foreign ___ in the form of interest, profits, and dividends; ___ and ___.

Task 11. Fill in the following words: competitive, convention, employment, enterprises, incentives, legislation, neutralization, procedures.

Export incentives

There are several Customs ___, contained in the International Convention on the Simplification and Harmonization of Customs Procedures (the Kyoto ___), which when incorporated in national ___ enable countries to provide Customs facilities to ___ the cost-rising effects of tariffs and other controls on export industries which require imported production inputs, thereby enabling national ___ to offer their products or services on foreign markets at ___ prices. Consequently, more ___ opportunities are provided for the national labour force, scarce foreign capital is attracted to generate more economic activity and net inflows of foreign exchange are evinced.