International Trade

International trade refers to the exchange of goods and services between countries. It encompasses the import and export of products, as well as the provision of services across national borders. This form of trade enables nations to access resources, technologies, and products that may not be available domestically, promoting economic efficiency and growth. International trade is governed by various trade agreements, tariffs, and regulations, which can affect the flow of goods and services between countries. The benefits of international trade include increased market options for consumers, opportunities for manufacturers to expand their markets, and the potential for economic development through specialization and comparative advantage. It plays a crucial role in the global economy, facilitating interdependence among nations and shaping trade policies and practices worldwide.