Foreign trade #jkssb si

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 Foreign trade is the exchange of goods and services between countries throughout the world. International trade, often known as external trade, is the term used to describe it. The Importance of Foreign Trade: Because trade is so vital for economic development, it is a growth engine for an economy. It accounts for a large portion of Gross Domestic Product in developed countries. The following points can be used to justify the importance of foreign trade:

Term definition: "International Trade" is defined by Wasserman and Hultman as "transactions involving residents of various countries."

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