"International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services."
Exchange of goods and services between people, businesses, or countries in a particular region or area.
International trade agreements: These are agreements made between nations to regulate and promote trade between them.
Tariffs and non-tariff barriers: These are measures put in place by governments to restrict trade and protect domestic industries.
Import and export procedures: This refers to the rules and regulations governing the movement of goods across borders.
Customs clearance: This is the process of verifying and approving the goods for import or export.
Free trade zones: These are designated areas where goods can be imported, manufactured, and re-exported without going through the regular customs procedures.
Regional trade blocs: These are groups of countries that have come together to promote regional trade and economic integration.
Trade finance: This involves the financial instruments and services used in international trade, such as letters of credit and trade finance facilities.
Supply chain management: This refers to the management of the flow of goods and services from the point of origin to the point of consumption.
Market research: This involves the gathering and analysis of information about the market, such as customer needs and preferences, and competitors.
Trade agreements and dispute resolution mechanisms: These are legal mechanisms that govern international trade, such as the World Trade Organization (WTO) and regional trade agreements.
Domestic trade: Buying and selling of goods and services within the same country.
International trade: Buying and selling of goods and services between different countries.
Bilateral trade: Trade between two countries.
Multilateral trade: Trade between more than two countries.
Inter-regional trade: Trade between different regions within a country.
Intraregional trade: Trade within a specific region or group of countries, such as the European Union or the Asia-Pacific region.
Inter-industry trade: Trade between different industries.
Intra-industry trade: Trade within the same industry.
Visible trade: Trade in goods that can be physically seen and touched.
Invisible trade: Trade in services, intellectual property, and other intangible products.
Direct trade: Trade between buyers and sellers without the involvement of intermediaries.
Indirect trade: Trade that involves intermediaries such as wholesalers, retailers, or agents.
Free trade: Trade without any barriers or restrictions.
Protectionist trade: Trade that aims to protect domestic industries from foreign competition through tariffs, quotas, or other measures.
Barter trade: Exchange of goods and services without the use of money.
Countertrade: Trade in which goods or services are exchanged rather than money.
Grey market trade: Selling and buying of goods outside of authorized distribution channels in a country or region.
Parallel trade: The importing of goods from a market where they are cheaper and reselling them in a market where they are more expensive.
"In most countries, such trade represents a significant share of gross domestic product (GDP)."
"While international trade has existed throughout history..."
"...factors like currency, government policies, economy, judicial system, laws, and markets influence trade."
"...for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads..."
"...its economic, social, and political importance has been on the rise in recent centuries."
"Carrying out trade at an international level is a complex process when compared to domestic trade."
"To ease and justify the process of trade between countries of different economic standing..."
"...some international economic organizations were formed, such as the World Trade Organization... These organizations work towards the facilitation and growth of international trade."
"Statistical services of intergovernmental and supranational organizations and governmental statistical agencies publish official statistics on international trade."
"...factors like currency, government policies, economy, judicial system, laws, and markets influence trade."
"Such trade represents a significant share of gross domestic product (GDP)."
"...for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads..."
"...its economic, social, and political importance has been on the rise..."
"Carrying out trade at an international level is a complex process..."
"These organizations work towards the facilitation and growth of international trade."
"Statistical services of intergovernmental and supranational organizations and governmental statistical agencies publish official statistics on international trade."
"Factors like currency, government policies, economy, judicial system, laws, and markets influence trade."
"...process of trade between countries of different economic standing..."
"...its economic, social, and political importance has been on the rise..."