International Trading

In: Business and Management

Submitted By shakerr
Words 1329
Pages 6
Introduction: 1
Importance of international trade 1
International trade impact on the Syrian economy: 2
Joining International trading organISATION (tRADING bLOCS) 2
Trading blocs with Syria 3
Suggested bloc for Syrian to join 3
Final words 4

The buying and selling of goods and services across national borders is known as international trade. International trade is the backbone of our modern, commercial world, as producers in various nations try to profit from an expanded market, rather than be limited to selling within their own borders. There are many reasons that trade across national borders occurs, including lower production costs in one region versus another, specialized industries, lack or surplus of natural resources and consumer tastes. ..{1}

International trade that occurs among many countries is not a new a concept, as history shows that there were several instances of international trade. Traders used to import and export different raw material of final product like silk, spices, coffee and textiles. {2}
International trade is important to the modern, commercial world, by expanding the market limits for traders and producers to the markets out of the domestic boarders. Low production costs in one country versus another, specialized industries, lack or surplus of natural resources and consumer tastes are reasons why international trade occurs. {3}
International trade is essential for economy growth for the last half of the 20th century, and countries with strong international trade have become prosperous and have the power to control the world economy. The global trade can become one of the major contributors to the reduction of poverty, as adopting an international trade policy can leverage economy growth buy: {2}
• Enhance the domestic competitiveness
• Benefit of…...

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