International trade is a company that takes place among various countries. The trade includes export and import trading among various overseas countries.
International trade is a type of business activity that takes place between the traders of different countries. This type of trade practice isn’t limited to the limits of any country and the goods and services are sold to the overseas traders. The business activity in such trading takes place on a world platform as well as deals in huge bulk of products. Basically various transportation modes are employed in such trade which includes air and water transport.
You can’t ignore this fact
International trade can be divided into two types of business I.e. export trade and import trade. Both these business activities are carried on international level and allow the worldwide traders to exchange products and services in bigger quantities. In export trade, a company from a particular country sells its products and services to the traders in such other country. Whereas, Import trade is a business activity in which a country buys commodities and services from a dealer of other country.
The Whole International Trade Enchilada
There are many complications in international trade because it is a global trade and a great deal of research needs to be done before entering into trade with any company. Thus, to simplify the activities on international business, various B2B portals have emerged. These portals contain the list of prominent traders including exporter, importer, manufacturer, and supplier. The B2B directories enable the traders to encourage and advertise their products on an international level.
As Globalization is taking place at a fast pace, International Trade comes to aid for developing and particularly least-developed countries. International Trade Center has global trade centers tailored for exporters, importers and manufacturers for the advancement of products and services worldwide. International Trade Center (ITC) is a joint project among various firms and organizations to promote local trade, globally.
The International Trade Promotion Centre provides expert advice to companies wishing to grow their business globally and to international companies wishing to create or expand their business locally. They attract a large number of companies seeking to create new markets for their products/service, as the key international show.
The business portals also narrow the gap between the buyers and suppliers and to enable them to communicate with each other for the sharing of products and services. These directories provide the detailed information of all the traders through which buyers can directly send mails, inquiries and orders to the suppliers. The buyers can also post their buy requirements so that the provider of that particular commodity can directly approach to the purchaser and send him catalogs and prices of the products apart from this.
The business portals also provide a search option in which users can type their desired category of the goods and / or suppliers and can easily find the results. The directories contain the list of importers and exporters under various categories like chemicals, furniture, home appliances, etc. These categories are shown in an alphabetical order in such a way that the user can easily find a particular type of category.