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parallel import
(redirected from Parallel trade)

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parallel import

Import brought in to a country outside the official distribution network by entrepreneurs who are often not official suppliers of the good. Products imported in this way, particularly branded goods such as certain makes of jeans, can be sold at cheaper prices than the same branded products that are imported through official channels. The market for these unofficially imported goods is known as the grey market.



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These measures would regulate the movement and protect the rights of the two sides, especially the businessmen whose trade was affected by the parallel trade made by smugglers from the two countries," said Libyan businessman Hadj Ahmed Ismail, who has trade relations with his Tunisian counterparts.
[ILLUSTRATION OMITTED] Parallel trade is often referred to as the "grey market.
Peter West, the co-author of the York study, says: 'The parallel trade allows the NHS to get some medicines at a cheaper price and it is making savings from that.
 
 
 
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