In today’s world, one cannot escape from international trade as each country’s economy is deeply interlinked to each other.

Essentially, International Trade is an exchange of capital, goods, and services across international borders or countries.

In most countries, it represents a significant share of gross domestic product (GDP). Factors such as industrialization, advancement in transportation, globalization, multinational corporations (MNC), and outsourcing have tremendous impact on the international trade system.

Increasing international trade is crucial to many countries as it is a major source of economic revenue. Without international trade, nations would be limited to the goods and services produced within their own borders.

The Editor