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What are the aspects of international trade

2018-07-19

International Trade, also known as Trade, refers to the Trade of goods and services across national borders. It is generally composed of import Trade and export Trade, so it can also be called import and export Trade.

International trade can be divided into:

(1) Visible Trade: import and export of goods in physical form. For example, machines, equipment, furniture and so on are goods in physical form. The import and export of these goods is called tangible trade.

(2) Invisible Trade: the import and export of technology and services without physical form. The transfer of patent right, tourism, cross-border service of financial insurance enterprises and so on are goods without physical form, and their import and export is called intangible trade.

International trade can be divided into:

(1) Direct Trade: refers to the behavior of commodity producing countries and consumer countries not to buy or sell commodities through a third country. The export side of trade is called direct export, while the import side is called direct import.

(2) Indirect Trade (Indirect Trade and entrepot Trade, Transit Trade) : refers to the commodity producer and consumer of through third countries the behavior of traded goods, producer of Indirect Trade are called Indirect exporter, consumer is called Indirect importer, and a third country is entrepot trading nation, is the third country is in entrepot Trade.

According to the content of trade: service trade, processing trade, commodity trade, general trade.

International trade in goods belongs to the scope of Commodity Exchange, and domestic trade is no different in nature, but because it was conducted among different countries or regions, so compared with domestic trade has the following features:

(1) the international goods trade involves different countries or regions in terms of policy measures, law system there may be differences and conflicts, and language differences in culture, social customs and so on, the issues involved is far more complicated than the domestic trade.

(2) generally, the volume and amount of international trade in goods are large, the transportation distance is long and the performance time is long, so the risks borne by both parties are much greater than the domestic trade.

(3) international trade in goods is vulnerable to political and economic changes, bilateral relations and changes in international situation in the countries where both parties are located.

(4) in addition to the two parties involved in the international trade of goods, cooperation and cooperation between the departments of transportation, insurance, banking, commodity inspection and customs are also needed. The process is much more complicated than domestic trade.



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