International Trade

Given its strategic location and free trade policy, Singapore has achieved rapid growth in trade over the past several decades. The price and the quality of products and goods have also contributed to the expansion of trade in Singapore. The...

Free trade has existed from the time man learned to barter, much before the concept of actual money and currency materialized. Now, it refers to the movement of goods and services within and outside a country without government regulations. Free...

A Trade Deficit occurs when the value of a country’s imports exceed its exports for a specific period of time, usually a year. The relationship between imports and exports are called the trade balance. When exports exceed imports it is...

Firms that are involved in international trade activities, i.e. the import and export of goods and services, are called trade companies. Since the operations of these companies span across national borders, they require international business licenses. Also, they are required...

Imports data provides comprehensive information on a country’s sources, worth and nature of imported merchandise. The data is measured by collecting, compiling and calculating import-related statistics obtained from various individual or government authorities. Imports Information: SourcesImports data can be collected...

Apart from the global trading agreements, there are many regional trading blocs designed for reducing protectionism and fostering world trade. Some of the trade blocs in the world are as follows: 1. European Free Trade Association (EFTA) Countries such as...

Trade policy defines standards, goals, rules and regulations that pertain to trade relations between countries. These policies are specific to each country and are formulated by its public officials. Their aim is to boost the nation’s international trade. A country’s...

The Heckscher-Ohlin model assumes huge importance in the context of international trade. Developed by two renowned Swedish economists named Eli Heckscher and Bertil Ohlin, this general equilibrium model of international trade is based on four economic theorems. The Heckscher-Ohlin model...

Free trade is commerce between countries without government interference and protective duties. An agreement between various countries to trade goods and services without preferences, quotas, tariffs or excise duties is known as an FTA or a free trade agreement. A...

International Trade Theory deals with the different models of international trade that have been developed to explain the diverse ideas of exchange of goods and services across the global boundaries. The theories of international trade have undergone a number of...

According to an economic survey published by the Organization for Economic Cooperation and Development (OECD) in 2005, Chinese exports grew at an average rate of 6% since the mid-1980s. Although China’s export growth was affected by a global slowdown, the...

European trade is a complex but efficient system, involving 50 European countries in total, with 27 nations in the European Union (EU). Formed in 1993, the EU works on the same trade objectives as that of the European Economic Community...

The opportunities and challenges of international trade have been an issue of major concern for the economists and policy makers of the contemporary world. As far as the challenges facing the international trade are concerned, they vary with the economic...

Trade data shows fluctuations in trade volumes and trade flows both in case of regional and cross border trade. Trade statistics reflect how change in demand affects the exchange of goods and services between the trading nations.Trade information provides an...

Trade commissions (or trade com) and trade promotion boards keep a tab on the trading activities across the world. A trade commission enforces protection and antitrust laws to guard consumers and sustain fair competition in the market. On the other...