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What is international trade?
Exchange of capital, goods and services across international borders.
Exchanging
International trade may invovle
-A seller
-A buyer
-banks
-An agreed product or services
-sales contract
-shipping and delivery agreement
-terms of payment
-required documentation
-insurance coverage
Involves
Factors affecting international trade- government policies
I.restrictive government policies
ii.currency exchange controls
iii.tariffs
iv.quota restrictions
V.export\import incensing requirements
Vi.Trade embargoes
Vii.Anti-dumping legislation
Ix. Pre-shipment inspection
X.polices on hazardous goods
Xi.taxation
Affection
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