General merchandise on a balance of payments (BOP) basis
The item General merchandise on a balance of payments (BOP) basis includes goods whose ownership is transferred between a domestic and foreign unit and that do not belong to another special category, such as goods under merchanting, non-monetary gold and are not part of a service. General merchandise is recorded at market value and is based on the free on board (FOB) principle.
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Validity of the definition
- Valid until (31 December 2078)