Energy & Green Tech

How energy modelling influences policymaking and vice versa

Energy models are used to explore different options for the development of energy systems in virtual "laboratories". Scientists have been using energy models to provide policy advice for years. As a new study shows, energy ...

Energy & Green Tech

Sustainable biodiesel from neem tree trans-esterification

The neem tree, Azadirachta indica, also known as the Indian Lilac, is well known for its oil extracted from its seed and fruit. It has been used in traditional medicine but has also been investigated for the pest control ...

Machine learning & AI

World first for ethical AI and workplace equity

Companies, organizations, and governments around the world face an incredible challenge to rebuild their workforce at scale, and with the confidence that the technology they use to make important decisions is fair, accurate ...

Energy & Green Tech

Closer to a heat battery: Understanding the atomistic processes

Salts are cheap and sustainable materials that can be used to store energy (heat) over periods ranging from hours to years without loss. This works via so-called hydration-dehydration processes. Energy release (discharge) ...

Energy & Green Tech

Are salt deposits a solution for nuclear waste disposal?

Around the world, there are pools of water filled with nuclear waste waiting for their final resting place. This is waste that was created from decades of nuclear power generation, and the waste must be handled carefully.

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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]

This text uses material from Wikipedia, licensed under CC BY-SA