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Last updated: 21 Aug, 2024  
SME Glossary
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Glossary of Export Import Trade Terms Starting with - G
Words   Description
G-7 A formal organization of seven highly industrialized democracies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
G-8 The G-7 countries plus Russia.
General Agreement on Tariffs and Trade (GATT) A post-World War II agreement designed to promote freer international trade among the nations of the world. The GATT was replaced by the World Trade Organization (WTO) in 1994.
Generally Accepted Accounting Principles (GAAP) A common set of accounting concepts, standards, and procedures by which financial statements are prepared.
 
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  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
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