Category: Sourcing Guidelines

What does IFT stand for? IFT stands for “Inward Foreign Trade.” Inward Foreign Trade refers to the movement of goods and services into a country from foreign sources. It encompasses …

What does IFS stand for? IFS stands for “International Financial Statistics.” International Financial Statistics is a comprehensive database provided by the International Monetary Fund (IMF), containing a wide range of …

What does IEDC stand for? IEDC stands for “International Economic Development Council.” The International Economic Development Council is a non-profit organization dedicated to promoting economic development and prosperity worldwide. It …

What does IED stand for? IED stands for “Improvised Explosive Device.” An Improvised Explosive Device is a makeshift explosive weapon constructed and deployed in unconventional ways by individuals or groups …

What does IEC stand for? IEC stands for “Importer Exporter Code.” The Importer Exporter Code is a unique 10-digit identification number issued by the Directorate General of Foreign Trade (DGFT), …

What does ICT stand for? ICT stands for “Information and Communication Technology.” Information and Communication Technology encompasses a broad range of technologies used to manage, process, transmit, and exchange information. …

What does ICB stand for? ICB stands for “Interest Coverage Ratio.” The Interest Coverage Ratio is a financial metric used to assess a company’s ability to cover its interest expenses …

What does IC stand for? IC stands for “Import Certificate.” An Import Certificate is an official document issued by a government or authorized agency that certifies the importation of specific …

What does IATA stand for IATA stands for the International Air Transport Association, which is a global trade association representing the airline industry worldwide. Established in 1945, IATA serves as …

What does IAA stand for? IAA stands for International Airline Association, which represents a global organization comprising airlines from various countries around the world. This association serves as a platform …

What Does HS Stand For? HS stands for “Harmonized System.” The Harmonized System is an internationally standardized system of names and numbers for classifying traded products. Developed and maintained by …

What Does HR Stand For? HR stands for “Human Resources.” It is a term widely used in the business world to refer to the department or function within an organization …

What Does HMM Stand For? HMM stands for “Hyundai Merchant Marine.” It is a global shipping and logistics company that provides a wide range of services, including container shipping, bulk …

What Does HAZMAT Stand For? HAZMAT stands for “Hazardous Materials.” These are substances that pose a risk to health, safety, property, or the environment. HAZMATs can include chemicals, biological agents, …

What Does HAI Stand For? HAI stands for “Healthcare Associated Infection.” This term refers to infections that patients acquire while receiving treatment for other conditions within a healthcare setting, such …

What Does GST Stand For? GST stands for “Goods and Services Tax.” This is a comprehensive, multi-stage, destination-based tax levied on every value addition. GST is an indirect tax that …

What Does GSP Stand For? GSP stands for “Generalized System of Preferences.” This is a trade program designed to promote economic growth in developing countries by providing preferential duty-free entry …

What does GNP stand for? GNP stands for Gross National Product. This economic indicator is used to measure the total market value of all final goods and services produced by …

What Does GMP Stand For? GMP stands for Good Manufacturing Practice. It is a system that ensures products are consistently produced and controlled according to quality standards. Designed to minimize …

What does GMO stand for? GMO stands for Genetically Modified Organism. These are organisms whose genetic material has been altered using genetic engineering techniques to introduce new traits or enhance …

What does GM stand for? GM stands for Genetically Modified. This term refers to organisms whose genetic material has been altered using genetic engineering techniques to introduce new traits or …

What does GIT stand for? GIT stands for Global Importer of Record. This term is used to describe a legal entity responsible for ensuring that imported goods comply with local …

What does GHS stand for? GHS stands for Globally Harmonized System. It is an internationally agreed-upon system for the classification and labeling of chemicals, designed to ensure that information about …

What does GFC stand for? GFC stands for Global Financial Crisis. The term refers to a period of extreme stress in global financial markets and banking systems between mid-2007 and …

What does GEP stand for? GEP stands for Generalized Export License. This type of export license allows exporters to ship certain types of goods to specified destinations with minimal restrictions. …

What does GDP stand for? GDP stands for Gross Domestic Product. It is a crucial economic indicator that measures the total monetary value of all final goods and services produced …

What does GCC stand for? GCC stands for Gulf Cooperation Council. This regional political and economic union consists of six Arab states bordering the Persian Gulf: Bahrain, Kuwait, Oman, Qatar, …

What does GATT stand for? GATT stands for General Agreement on Tariffs and Trade. It was a multilateral treaty aimed at reducing trade barriers and promoting international trade through the …

Cameras are devices used to capture images or videos by focusing light through a lens onto a light-sensitive surface. This surface can be either film in traditional analog cameras or …

Men’s clothing encompasses a wide range of garments designed to suit various occasions, styles, and functional needs. This category includes everything from casual wear, formal attire, and sportswear to outerwear …