Examlex
A turning point may be defined as "a modification, reshaping, or transition from one state, condition, or phase to another."
Maquiladora
is a factory in Mexico run by a foreign company, exporting its products to the company's country of origin, benefitting from lower labor costs.
Different Purpose
Describes aims or goals that are distinct or not aligned with one another, often requiring separate approaches or strategies.
Commercial Letters of Credit
Financial documents issued by a bank guaranteeing payments to a seller on behalf of the buyer, in international trade transactions.
Global Trade
The exchange of goods, services, and capital across international borders or territories.
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