Foreign trade is nothing but trade between the different
countries of the world. It is also called as International trade, External
trade or Inter-Regional trade. It consists of imports, exports and entrepot.
The inflow of goods in a country is called import trade whereas outflow of
goods from a country is called export trade. Many times goods are imported for
the purpose of re-export after some processing operations. This is called
entrepot trade. Foreign trade basically takes place for mutual satisfaction of
wants and utilities of resources.
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Foreign Trade can divided into followin two groups: 1. Import Trade : Import trade refers to purchase of goods by one count...
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Foreign trade is nothing but trade between the different countries of the world. It is also called as International trade, External ...
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