state trading company

state trading company definition - business

state trading company

A government-owned or -controlled enterprise that imports and/or exports goods and services. These organizations are typically formed to assist with exports that generate foreign exchange and stimulate domestic employment opportunities. They also centralize buying of imports.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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