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| What is Foreign Trade? https://www.99forum.com/viewtopic.php?f=23&t=14676 |
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| Author: | steffan [ Sat Sep 25, 2010 2:17 pm ] |
| Post subject: | What is Foreign Trade? |
Hello Foreign trade can be considered a number of different things, depending on the type of trade one is talking about. Generally speaking, foreign trade means trading goods and services that are destined for a country other than their country of origin. Foreign trade can also be investing in foreign securities, though this is a less common use of the term. Foreign trade is all about imports and exports. The backbone of any foreign trade between nations are those products and services which are being traded to some other location outside a particular country's borders. Some nations are adept at producing certain products at a cost-effective price. Perhaps it is because they have the labor supply or abundant natural resources which make up the raw materials needed. No matter what the reason, the ability of some nations to produce what other nations want is what makes foreign trade work. Thanks |
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