Category: International Trade
Benefits of International Trade
International trade has flourished over the years due to the many benefits it has offered to different countries across the globe. International trade is the exchange of services, goods, and capital among various countries and regions, without much hindrance. The international trade accounts for a good part of a country’s gross domestic product. It is also one of important sources of revenue for a developing country.
Trade In UK
UK trade consists of the movement of goods and services within the European Union (EU), of which it is a member, and to non-EU countries. International trade in the UK is assisted by UK Trade & Investment (UKTI). This government organization focuses on enhancing the competitiveness of UK companies through overseas trade and investments. It also aims at continuing to attract high-quality foreign direct investment (FDI).
Trade In USA
Trade in USA positioned the country as the world’s largest economy, where businesses are free to make market decisions. Trading in international markets is part of its ‘capitalist economy’ outlook.
Trade in the US is regulated by the Office of the United States Trade Representative. This body recommends trade policies to the US President. It conducts trade negotiations at both bilateral and multilateral levels.
