What is the meaning of international trade?
International trade is the exchange of goods and services between different countries.
International trade is the exchange of goods and services between different countries.
International trade involves trading almost any kind of products, including consumer goods like clothing and electronics, raw materials like crude oil and metals, agricultural products like grain and coffee, and much more.
International trade is essential for the global economy as it generates economic growth by expanding markets, leading to increased efficiency through specialisation, and improving the living standards of people by offering a broader range of products at competitive prices. It [...]
Incoterms 2020, or International Commercial Terms 2020, are a set of standardised international trade terms created by the International Chamber of Commerce (ICC). They outline the responsibilities and obligations of buyers and sellers during the trade of goods, including terms [...]