Category Archives: International Trade

International Trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (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.

Trading globally gives consumers and countries the opportunity to be exposed to new markets and products. Almost every kind of product can be found in the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies, and water. Services are also traded: tourism, banking, consulting, and transportation. A product that is sold to the global market is an export, and a product that is bought from the global market is an import. Imports and exports are accounted for in a country’s current account in the balance of payments.

Another difference between domestic and international trade is that factors of production such as capital and labor are typically more mobile within a country than across countries. Thus, international trade is mostly restricted to trade in goods and services, and only to a lesser extent to trade in capital, labour, or other factors of production. Trade in goods and services can serve as a substitute for trade in factors of production. Instead of importing a factor of production, a country can import goods that make intensive use of that factor of production and thus embody it. An example of this is the import of labor-intensive goods by the United States from China. Instead of importing Chinese labor, the United States imports goods that were produced with Chinese labor.

Ref : https://en.wikipedia.org/wiki/International_trade

How to Import

admin/ April 30, 2018/ International Trade/ 2 comments

International Purchasing or How To import. Though every country would decide to produce most of the products endogenously to conserve its foreign exchange, it is not wise as well as practical. Sometimes it may be advisable how to import the goods at laser cost than the indigenous cost of production. Importing has become very simple since Government of India economy.

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Import Export Policy 2002-2007

admin/ January 4, 2018/ International Trade/ 16 comments

Import Export Policy of India,  IMPORT EXPORT POLICY 2002-2007,trade policy governs exports from and imports into a country. IMPORT EXPORT POLICY 2002-2007 is one of the various policy instruments used by a country to attain her goals of economic development.  This policy is thus, formulated keeping in view, the national priorities for economic development and the international l commitments made

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Import Export Procedure

admin/ January 2, 2018/ International Trade/ 10 comments

Import Export Procedure Import And Export Procedure, Financing, and Primary Consideration Of international shipping documents.. Import Export Procedure Introducing: Firms engaged in international trade face a problem – they have to trust someone who may be very difficult to track down if they default on an obligation.  Due to the lack of trust, each party to an international transaction has a

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List Institutional Support For Exporters

admin/ January 2, 2018/ International Trade/ 6 comments

Institutional Support For Exporters Exporters India Institutional Support,As explained in the class, number of Institutional Support for Exporters India is extending various kinds of support for export promotion.  The list along with the addresses in Maharashtra is given below. MSME _ Development Institute, Mumbai. MINISTRY OF MSME GOVT. OF INDIA MUMBAI…in the service of small scale industries in Maharashtra ROLE

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Export Promotion Council List.

admin/ December 30, 2017/ International Trade/ 0 comments

This is the List of Export Promotion Council Registration to do International Trade Exporters India. Export Promotion Council Registration; NOW A DAYS CHINA EXPORT IS MOST POPULAR INTERNATIONAL TRADE THROUGHOUT WORLDWIDE.VIA E-BUSINESS. Head Office   Office in Maharashtra Agricultural & Processed Food Products Export Development Authority, 3 rd Floor, Ansal Chambers II, 6,Bhikaji Cama Place, New Delhi 110 066 Tel.

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Arranging Finance for Exports from eximbank.

admin/ December 24, 2017/ International Trade/ 1 comments

Arranging Finance for Exports From eximbank Financial Assistance is a main role of eximbank in India .Financial assistance from eximbank to the exporters India is generally provided by the Commercial banks before shipment as well as after shipment of goods. The assistance provided before shipment of goods.The assistance provided before shipment of goods is known as pre-shipment finance and that

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Indian Agricultural Exports Imports

admin/ December 23, 2017/ International Trade/ 0 comments

What is Export in exporters India? Indian Agricultural Exports Imports,As per Section 2(e) of Foreign Trade (Development & Regulation) Act. 1992, the term ‘export’ is defined to mean ‘taking out of India any goods by land, sea or air’. As such, the goods must leave India, or cross the customs frontiers of India to a foreign destination, for being reckoned

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How to get Import Export licence to do import export business in India.

admin/ December 20, 2017/ International Trade/ 1 comments

How to get Import Export licence to do import export business in India.   Registration of Exporters India. (How to get Import Export licence to do import export business in India)   Registration with Reserve Bank of India no more required. Prior to 1.1.1997, it was compulsory for every exporter to obtain an exporters’ code number from Reserve Bank of

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Incoterms.

admin/ December 17, 2017/ International Trade/ 0 comments

Incoterms. Manual & Documentation of incoterms Incoterm: As regards quoting the prices to the overseas buyers.  The some are quoted in the following international accepted terms. For example. Ex-Works (Exw). ‘Ex-works’ means that the seller’s responsibility is to make the goods available to the buyer at works or factory.  The full cost and risk involved in bring the goods form

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