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sess the two conditions.
1.5.3 Land- intensive products
This industry needs countries which have numerous and vast amounts of suitable land to produce the product. To produce the product efficiently, latest farmingtechnologies and skilled manpower is essential during the procedure. For example, one of the leading exporters of wheat is the United States.
1.6 The key organizations in international trade
International trade have different organizations to make rules binding trade both sides, and eliminate the disputes and achieve transactions on the rails. During the business activities, there will be some inevitable conflicts. To solve the problems, we need these organizations and their roles. The authorized organizations are followings:
1.6.1 The World Trade Organization (WTO)
The World Trade Organization (WTO) is an international organization, which was the successor to General Agreement on Trade and Tariffs (GATT) and founded on 1st January 1995. It makes trade rules between nations to bind member nations facilitating smooth and transparent trade. The headquarter of the WTO is located in Geneva, Switzerland.
1.6.2 The International Monetary Fund (IMF)
The International Monetary Fund (IMF) is an international organization which offers financial guidance to all its 185 countries members. The headquarters is in Washington, D.C., USA.
2 Functions of business English correspondence
Nowadays as the business communities find the essential communicating skills is essential for all business activities according to satisfactory exchange of information, trade both parties prefer the business English correspondences using the several communication tools. Due to the business correspondence, a great number of the ordinary business activities would be smooth. The major uses are selling products or services, consulting and negotiating, and serving a variety of other business functions and have their own superiorities. Compared with traditional trade activities, business English correspondence has the following functions:
2.1 Consultation and negotiation
Consultation and negotiation are very essential processes of each foreign trade transaction which plays a key role in conducting a business. Under the general conditions, the process of consultation and negotiation is extremely long. Internet technology solves the problem of the inconvenient communication tool and reaches the level of effective information handling capacity. It is an indispensable part in international business consulting and negotiating activities. Both the seller and the buyer can get the latest information of the market and product, and negotiate through e-mail. Consultation and negotiation through the internet can break out the limitation of face-to-face talks. Below is a sample of a consulting letter:
Dear Sirs,
We learn from Thomas H. Pennie of New York that you are producing hand-made gloves in a variety of artificial leathers. There is a steady demand here for gloves of high quality at moderate prices.
Will you please send me a copy of your glove catalogue, with details of your prices and terms of payment? I should find it most helpful if you could also supply samples of these gloves.
Yours faithfully,
（Xiong, 2009: 30)
Analysis:
This is a consulting letter made by the buyer asking the manufacture to introduce