Export import foreign trade
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Importing and Exporting are means of Foreign Trade. ... Exporting refers to the selling of goods and services from the home country to a foreign nation. Whereas, importing refers to the purchase of foreign products and bringing them into one's home country.
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The document discusses export trends and problems in foreign trade. It notes that India's exports are expected to grow significantly if the economy continues its pace of growth. Major problems with foreign trade include language differences, risks, government controls, differing laws, difficulties with payments, customs duties, lack of information. Some aids to addressing problems include learning foreign languages, obtaining marine insurance, keeping informed of exchange rate changes, modernizing, adopting new agricultural technologies, and standardizing products and processes.
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- A trade deficit occurs when a country imports more than it exports, while a surplus is the opposite. India has been recording sustained trade deficits.
- The current account balance looks at trade plus investments, services, and transfers. India's current account deficit was $38.4 billion in 2009-2010.
- The capital account balance looks at flows like foreign investments,
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This document discusses barriers to exports in Bangladesh and ways to overcome them. It identifies key barriers such as scarcity of raw materials, failure to deliver products on time, high interest rates, taxes, infrastructure issues, and political instability. It proposes solutions like promoting exports of services, own branding, ensuring security for foreign buyers, developing infrastructure, attracting foreign investment, and buyers contributing to industry development. The overall message is that Bangladesh needs a long term strategic plan and collaborative efforts to address challenges and maximize export potential.
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Export import foreign trade
- 2. EXPORT IMPORT/ FOREGIN TRADE
- 3. FOREIGN TRADE : Trade among nations is a common occurrence and normally benefits both the exporter and the importer. In many countries international trade accounts for more than 20 percent of their national incomes.
- 4. EXPORT: “Export are the goods and services produced in one country and purchased by residents of another country”.
- 5. TYPES OF EXPORT: Indirect Export Direct Export
- 6. IMPORT : “ Import are foreign goods and services bought by residents of a country. Residents include citizens, businesses, and the government”.
- 7. TYPES OF IMPORT: Industrial and consumer goods Intermediate goods and services
- 9. ADVANTAGES OF EXPORT: Enrich domestic competitiveness. It develops communication between two countries. You can import the goods at very low cost from other countries and sell them with more profit. We can get some materials (which can’t be produced by us) only in some parts of the world.
- 10. DISADVANTAGES OF EXPORT: Need basic investment to start export business. Finding the importer from abroad is difficult and also it will take more time. Obtaining license and documents for export is difficult.
- 11. ADVANTAGES OF IMPORT: You can import the goods at very low cost from other countries and sell them with more profit. We can get some materials (which can’t be produced by us) only in some parts of the world. Through import, you can get those materials very easily
- 12. DVANDISATAGES OF IMPORT : Foreign goods are substituting the domestic goods' markets so the domestic industries are eliminated. Trade deficit will cause the currency devaluation, inflation.
- 13. DUTIES OF EXPORT & IMPORT: Import duty is a tax collected on imports and some exports by a country's customs authorities. A good's value will usually dictate the import duty. Depending on the context, import duty may also be known as a customs duty, tariff, Import tax or Import tariff.
- 14. INDIA’S FOREIGN TRADE POLICY: Foreign trade in India includes all imports and exports to and from India. At the level of Central Government it is administered by the Ministry of Commerce and Industry. Foreign trade accounted for 48.8% of India's GDP in 2015.
- 15. IMPORTANCE OF EXPORT IMPORT/FOREIGN TRADE: Exports and imports are important for the development and growth of national economies because not all countries have the resources and skills required to produce certain goods and services. Nevertheless, countries impose trade barriers, such as tariffs and import quotas, in order to protect their domestic industries.
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