Transferring products and services between countries are known as international commerce. This applies to import and export using any means of transportation. Exports and imports enhance international economic relations and contribute to national growth. What is an export? Process of selling goods, and services to other countries What is import? Process of buying goods, and

Why does international trade happen? International trade permits the domestic markets to increase the variety of their goods and services, therefore increasing the level of welfare of the citizens of a country, and the goods which had confined access will be simply accessible. Besides, some of the significant reasons which make international trade effective and

International trade is the most significant thing that creates better business opportunities and increases living standards; it enhances the global economy. On the other hand, it brings diverse products to the citizens of countries worldwide. Some of the most significant advantages of international trade are: • Use of resources: Through the development of international trade,

International trade is commonly classified into two multiple types: Bilateral trade: The exchange of products between two countries is known as bilateral trade. (For example, consider a commodities transaction where two nations agree to trade one thing for another.) Imagine a nation swapping industrial equipment for oil to provide a more concrete illustration. Multilateral trade:

The most straightforward way to explain global commerce is this! How thrilled would you be to go into a large shopping mall in Tehran and see products and handicrafts from every country in the globe displayed in its storefronts? Indian-colored clothing, unique country treats, Cuban weavings, Scottish tartans, Japanese silks, various eateries serving food worldwide,