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Egypt is a net IMPORTER of oil. While it is true that Egypt is an oil producing country, it's native oil production has diminished and has charged it's oil industry to forage outside it's borders for crude. Egypt has vast resources of natural gas and has supplemented or replaced much of it's flagging oil income with that product. However, the energy needs of Egypt, growing annually along with every other industrialized nation, requires oil in such quantities that it's own supply is supplemented by importing oil from abroad.
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Is Canada a net importer or a net exporter?
exporter
Is US a net importer or exporter of steel?
The U.S. is a net exporter of steel.
What is the current status of the US as an exporter and importer?
the us is the world's leading importer and exporter
Is the US the worlds largest importer and exporter?
The US is the largest importer China is the largest exporter then Germany then the US
What is the definition of exporter and importer?
An exporter sends things to other countries. An importer brings things in from other countries.
Who bears LC advising charges importer or exporter?
Exporter
Which country is the second largest producer of wheat?
egypt. Egypt is the largest importer. US, Canada or Australia is the largest exporter. Usually the US
Is the US an importer or exporter of fossil fuels?
Importer , the U.S. imports petroleum products such as oil .
Which country is the worlds leading importer and exporter?
I think that China is the most leading importer and exporter because it sends out a lot of products like toys. But this might not be right.
Is South Korea a big coal exporter?
No, in the countrary, it is a importer.
What country is the largest importer and exporter of Goods?
it's USA
Difference between a primary banker's acceptance and a secondary banker's acceptance?
An importer plans to purchase goods from an exporter. The exporter will not grant credit, so the importer turns to its bank. They execute an acceptance agreement, under which the bank will accept drafts from the importer. In this manner, the bank extends credit to the importer, who agrees to pay the bank the face value of all drafts prior to their maturity. The importer draws a time draft, listing itself as the payee. The bank accepts the draft and discounts it-paying the importer the discounted value of the draft. The importer uses the proceeds to pay the exporter. The bank can then hold the bankers acceptance in its own portfolio or it can sell it at discounted value in the money market. In an alternative arrangement, the exporter may agree to accept a letter of credit from the importer's bank. This specifies that the bank will accept time drafts from the exporter if the exporter presents suitable documentation that the goods were delivered. Under this arrangement, the exporter is the drawer and payee of the draft. Typically, the bank will not work directly with the exporter but with the exporter's correspondent bank. The exporter may realize proceeds from the bankers acceptance in several ways. The bank may discount it for the exporter; the exporter may hold the acceptance to maturity; or it may sell the acceptance to another party
