Foreign Trade

Concepts

Explanation

Issues Related to it

Foreign Trade

Exchange of capital, goods, and services across international borders or territories.

Why it is called Exim Trade: The foreign trade of a country consists of inward (import) and outward (export) movement of goods and services, which results into outflow and inflow of foreign exchange. Thus, it is also called EXIM Trade.

Balance of Payments

The balance of payment of a country is a systematic record of all economic transactions between the residents of the reporting country and the residents of foreign countries during a given period of time.

Balance of Payments represent better ....