Mentioned the Common Import and Export Documents are used In International Trade There are many documents involved in international trade, such as commercial documents, financial documents, transport documents, insurance documents and other international trade related documents. In processing the export consignment, documentation may be executed in up to four contracts: […]Read more
Category: An overview of Foreign Trade
Discuss the problems or limitations of foreign trade or International in Bangladesh.
Discuss the problems or limitations of foreign trade or International in Bangladesh. Answer : Smooth foreign trade operation is essential for businesses to expand and flourish. It has a huge impact on a country’s economy. Unfortunately, Bangladesh lacks in several areas to make foreign trade easy for businesses to expand. […]Read more
What are the Importance of International Business for economy?
What are the Importance of International Business for economy? Answer: The points below highlight the importance of international business: a) Earn foreign exchange: International business exports its goods and services all over the world. This helps to earn valuable foreign exchange. This foreign exchange is used to pay for imports. […]Read more
What are the reasons against foreign Trade?
What are the reasons against foreign Trade? Answer: Need and Importance of Foreign Trade are given below: Following points explain the need and importance of foreign trade to a nation. 1. Division of labour and specialisation Foreign trade leads to division of labour and specialisation at the world level. Some […]Read more
What is foreign Trade or International Trade?
What is foreign Trade or International Trade? Answer: 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 […]Read more