What is foreign trade?

What is foreign trade? Foreign trade is the buying and selling of goods and services across national boundaries. Foreign trade can also be termed as international trade. A trade between two countries for the purpose of exchanging goods and services can be a free trade, mutual agreement, bilateral or multilateral.

How is foreign trade carried out?

For Foreign trade to effective there are modalities to follow. There are also international currency for trading between countries which at the present is the US dollars.

To engage in foreign trade you have to understand the international exchange rate and forex trading. The government of any nation is saddled with the responsibility of setting how much they want their local currency to be exchanged with the dollars which is the international trading currency.

Agencies for foreign trade

In every country, there are so many agencies that involved in foreign trade. There are international buyers, shipping companies and local sourcing agents. Its important to understand the various process involved in foreign trade. There are also scammers everywhere so be very careful if you are interested in going into export and import trade.

How to find legit foreign trade agencies

To find a good foreign tradig or import and export companies that are legit, you have to do a due diligence search. The first place to start from is to check your local directories or go to the nearest local government offices around you. You can run an online review and check out the comment sessions. If you cannot find sites on foreign trade then search for international trade agencies around you using Google listings and local directories. There agencies like Alibaba and many more to choose from. Foreign trade

HOW MUCH I CAN HAVE TO START INTERNATIONAL/FOREIGN TRADE?

Sometimes when you take a look at those people that has made big fortunes doing international trade you are tempted to believe the theory of having a large chunk or sum of money before you can engage in international trade but the reverse is the case with modern shipping and online agencies that are scattered everywhere across the globe. With agencies like Alibaba using their website you can start the business of importation with as low as $100. What you need is proper address documentation and a working line preferably for WhatsApp line.

So what are the benefits of engaging in foreign/international trade?

Not to limit or give you a false view of the several benefits of international trade, I am going to list a few importance of foreign trade, these are as follows

  1. With the help agencies like Alibaba, Ebay, Amazon, Jumia and Konga online shopping you can easily buy stuffs like phone, footwear, clothes, car and anything your purchasing power can afford.
  2. There also agencies that offers free shipping with coupons
  3. It creates revenue through foreign exchange using commercial bank forex trading platform
  4. International trade makes it possible to enjoy products not produced in your country of residence through import trade
  5.  Foreign trade can easily boost local currency

does government control foreign trade/international trade

technically we can say government does not control individual persons involved in international trade but then in every transactions done the government makes money through bank rates, import duties, export duties, duty stamp and through custom charges.

The central bank of any nation directly or indirectly controls international or foreign trade.

TYPES OF FOREIGN TRADE

There are basically two to three types of foreign trade. These are described based on the process involved in the trade. The three types of foreign trade are listed below

  1. Export trade; this type of trade is the sale of goods like raw materials and finished goods to other nations or countries of the world. Export trade can be visible or invisible
  2. Import trade; import is a type of trade that concerned with the buying of goods ranging from raw materials, cars, electronics and clothing. It can also be involve in the import of xcservices through corporate or government outfits
  3. Entrepot; this the act of solely importing goods in order to re-export them to other countries. This topic will be treated in in subsequent posts. An entrepot is also called re-export trade

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78. APHIDS

79. WHITE FLY SEED BUGS

80. CASSAVA CULTIVATION

81. CASSAVA MEALYBUGS

82. VARIEGATED GRASSHOPPER

83. GREEN SPIDER MITE

84. COTTON STAINER

85. COTTON

86. PESTS OF VEGETABLES

87. GRASSHOPPER

89. LEAF ROLLER

90. BEAN BEETLE

91. RICE WEEVILS

92. . PROBLEMS WITH PESTS CONTROL

93. CROP IMPROVEMENT

94. PROCESS OF CROP IMPROVEMENT METHODS OF CROP IMPROVEMENT

95. HYBRIDIZATION OF CROPS

96. ANIMAL PRODUCTION

97. THE DIGESTIVE SYSTEM OF ANIMALS

98. THE LARGE AND SMALL INTESTINE

99. RUMINANT ANIMALS

100. THE NERVOUS SYSTEM

101. THE NEURONS

102. A SYNAPSE ACTION IMPULSE REFLEX ACTION VOLUNTARY ACTION

  • 103. THE CENTRAL NERVOUS SYSTEM
  • 104. PERIPHERAL NERVOUS SYSTEM
  • 105. THE REPRODUCTIVE SYSTEM MALE AND FEMALE REPRODUCTIVE SYSTEM
  • 106. REPRODUCTIVE SYSTEM OF BIRDS
  • 107. THE CIRCULATORY SYSTEM
  • 108. THE PULMONARY CIRCULATION
  • Abiogenesis
  • 110. THE RESPIRATORY SYSTEM
  • 111. THE TRACHEA INSPIRATION THE EXPIRATION THE DIAPHRAGM
  • 112. HEAT PERIODS OESTROUS CYCLE
  • 113. MATING
  • 114. PARTURITION
  • 115. MAMMARY GLAND
  • 116 Abiogenesis  117. EGG FORMATION IN POULTRY 118. LIVESTOCK MANAGEMENT
  • 119. MANAGEMENT OF GOATS 120. REPRODUCTION IN GOAT
  • 121. Abiogenesis  122. POULTRY MANAGEMENT
  • 123. BATTERY CAGE SYSTEM
  • 124. INTENSIVE SYSTEM
  • 125. . SEMI-INTENSIVE EXTENSIVE SYSTEM
  • PROODING AND REARING IN POULTRY
  • 126. POULTRY SANITATION
  • 127. ANIMAL NUTRITION
  • 128. RATION
  • 129. CONCENTRATE
  • 130. ROUGHAGE
  • 131. NUTRIENT SOURCES AND FUNCTIONS
  • 132. CARBOHYDRATES
  • 133. PROTEIN FATS