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WordNet-Online
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Definitions from the WebTransit TradeTransit trade refers to the commercial activity of transporting goods through a country or region without incurring import or export duties. It involves the movement of goods from one country to another, passing through an intermediary country. Senses:1. Noun - International Commercial ActivityIn its primary sense, transit trade denotes the international commercial activity of transporting goods from one country to another through an intermediary country. Example sentence: The establishment of free trade zones has greatly facilitated transit trade between neighboring countries. 2. Noun - Local Commercial ActivityTransit trade can also refer to local commercial activities within a country, involving the movement of goods between different regions or localities. Example sentence: The growth of transit trade has boosted the economies of small towns located near major transportation hubs. 3. Adjective - PopularThe term transit trade can be used as an adjective to describe something that is widely known or favored by a large number of people. Example sentence: The transit trade routes through this region have become popular among traders due to their efficient customs clearance procedures. 4. Adjective - LocalThe term transit trade can also be used as an adjective to describe something that is specific to or characteristic of a particular locality or region. Example sentence: Visitors to the local market can find a variety of transit trade products sourced from neighboring countries. Related Products: | ||||
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