Shuttle_traders
Shuttle traders
Resellers during the collapse of the Soviet Union
Shuttle traders (Russian: челноки, romanized: chelnoki, lit. 'shuttles'; Ukrainian: човники, romanized: chovniki) were people engaged in the practice of shuttle trading in late Soviet Union and post-soviet states in which traders shuttle backwards and forwards in and out of the country buying goods and then selling them within the country.[1] Originated during the perestroika times, it extended well beyond time of the collapse of the Soviet Union in Russia, as well as in many other post-Soviet states.[2][3][4][5][6]
This article includes a list of general references, but it lacks sufficient corresponding inline citations. (December 2023) |
In Turkey the practice of shuttle trading is known as "suitcase trade" (Turkish: Bavul ticareti) since 1960s when goods for sale were brought from Northern Cyprus in suitcases, hence the term.[7]
The OECD defines shuttle trade as "the activity in which individual entrepreneurs buy goods abroad and import them for resale in street markets or small shops. Often the goods are imported without full declaration in order to avoid import duties."[citation needed]