Category: International Trade

Regional Trade Blocks at a Glance


The concept of trade blocks is crucial in the context of international trade. Trade blocks are free trade zones designed to encourage trade activities across nations. The formation of trade blocks involves a number of agreements on tariff, trade and tax. The activities of trade blocks have huge importance in the economic and political scenarios of the contemporary world. Over the years trading blocks have played a major role in regulating the trend and pattern of international trade.

International Trade Volumes and Prices


The following table shows the Annual percentage change of world trade volumes and prices over years. Both the change in Exports and Imports are being represented in the table both in developing nations as well as developed nations.

Summary of World Trade Volumes and Prices(Annual Percent Change)

Fair Trade


The concept of fair trade has gained substantial importance in the today’s world market. It is a kind of social movement, which is aimed at ensuring fair trade deal for the producers of less developed and developing nations. Proper working environment, fair prices for products and services, producers’ security, consistent demand for products, and many other related factors come under the purview of fair trade. It helps to promote exports from developing to developed nations. Fair trade practices are designed to ensure economic sustainability all over the world.