This document discusses the types and importance of foreign trade. It notes that due to differences in geographical conditions and resources, countries rely on trade to access goods they cannot produce themselves. Foreign trade provides benefits like increased wealth and utilization of resources, but also comes with challenges such as dependence on other countries, risks from price fluctuations, and potential harm to domestic industries. The document separates foreign trade into import trade, where a country purchases goods from another, and export trade, where a country sells goods abroad, and outlines some of the key participants and documents involved in each.

1. Guided By
Sumit sir
Submitted
By
Mehul

2.  KINDS
OF FOREING TRADE
 NEED FOR FOREIGN TRADE
 IMPORTANCE OF EXTERNAL TRADE
 ADVANTAGES OF FOREIGN TRADE
 DISADVANTAGES OF FOREIGN TRADE
 COMPLEXITIES OF FOREIGN TRADE
 IMPORT TRADE
 EXPORT TRADE

3.  Due
to difference in geographical
condition, a nation cannot produce all
commodities itself. It has to depend on
other nation for the commodities either
cannot be produced or the supply of which
less than the demand every nation faces
shortage of some commodities or other.

4.  Uneven
Distribution of Natural Resources
 Division
of Labour and Specialisation
 Varying
Rate of Economic Growth
 Theory
of Comparative Cost

5.  Earning
Foreign Exchange
 Utilization of Resources
 Development of Economy
 Increase in Wealth
 Mutual Cooperation
 Assistance Calamities
 Disposal of Surplus Produce
 Strong Relation

6.  Availability
of Different Commodities
 Maximum Utilisation of Natural
Resources
 Advantage of Geographical Facilities
 Higher Standard of Living
 Advantage to agricultural and industrial
countries
 Development of Service Sector
 Promotion of World-peace

7.  Mobility
of Factors of Production
 Equalisation of prices
 Generation of Employment

8.  Distance
 Dependence
 Absence
of Personal Contact
 Downfall of Home Industries
 Political Slavery
 Import of Luxurious and Harmful Goods
 Risky Affair

9.  Difficulty
Regarding Information
 Difficulty in Estimating Changes in
Demand and Supply
 Risk of Fluctuation in Price
 Changes in Exchange Rates
 Restriction
 Less or Damage to Cargo
 Import-Export Licences

10. FOREIGN
TRADE
IMPORT
TRADE
EXPORT
TRADE
RE-EXPORT
TRADE

11.  Buying
of Goods and Services from
country is known as import. For
example, purchasing necessary goods
from U.S.A. , Japan ,Russia , Canada and
other countries is called Import for India

12. To
Meet the Need of Goods
To Develop the Economy
Geographical Reasons
Export Promotion

13.  Import
Agent
 Clearing Agent
 Railway Company
 Transport Companies
 Banks

14.  Order or Indent
 Bill of Lading
 Certificate of Origin
 Consular`s Invoice
 Shipping Bill
 Bill on Entry
 Bill of Sight
 Dock Warrant
 Dock Challan
 Charter Party
 Letter of Hypothecation

15.  When
nation sells goods and service to
another nation. For example, M/s Rustogi
brothers of Mumbai sell gold ornaments to
a firm of England, it is called export trade.

16.  To
sell the surplus production.
 To pay the imports.
 To promote industrialisation.
 To earn foreign exchange.
 To make balanced development of nation.
 To achieve self-sufficiency.
 To accelerate the rate of growth.

17.  Export
Agent
 Forwarding Agent
 Shipping Companies
 Banks
 Insurance Companies

18.  Order
 Indent
 Bill
of Lading
 Certificate of Origin
 Consular`s Invoice
 Charter Party
 Mate`s Receipt
 Shipping Order
 Shipping Bill

19.  Dock
Receipt
 Dock Challan
 Insurance Policy
 Letter of Hypothecation
 Bill of Exchange
 Invoice

20.  Foreign
trade is that trade which improves
the living standard of public at large. With
the help of foreign trade we use luxury
goods. And they create a lot of
Employment opportunities. But it affects
the home industry which face downfall and
some times a country can depends on
developed country. It proves very costly.

21. THANK YOU