Global Trade

Global trade refers to the exchange of goods and services between countries worldwide. It involves the import and export of products, where countries trade to obtain items they lack or cannot produce as efficiently. Global trade enables nations to access a wider variety of goods, enhances economic growth, and fosters international relationships. It operates under various agreements and regulations, impacting tariffs, trade policies, and economies. The dynamics of global trade are influenced by factors such as currency exchange rates, trade agreements, transportation costs, and geopolitical conditions. Ultimately, global trade plays a crucial role in the interconnectedness of the world economy, promoting specialization and efficiency among nations.