Exchange of capital goods and services across the international boundaries is known as international trade. International trade is of great economic, political and social importance. International trade has been rising over years due to improvement in transport, communication, and globalization. Outsourcing and setting up of numerous multinational companies have also helped international trade a lot. A major part of a nation’s gross domestic product (GDP) comprises of international trade. International trade is not much different from the domestic trade. The countries who have a good hold … [Read more...]