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.
The following table shows the Annual percentage change of world Exports volumes. Levels of Exports are represented both in country wise and region wise over the years.
Export Volumes In Advanced Economies
(Annual percentage change)
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)
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.
