What is foreign trade?
Jul 27, 2021
Foreign trade, also known as “foreign trade” or “import and export trade”, or “foreign trade” for short, refers to the exchange of commodities, labor services and technology between one country (region) and another country (region). This trade consists of two parts: import and export.
For the country (region) where the goods or services are shipped, it is import; for the country (region) where the goods or services are shipped, it is the export. This began to emerge and develop in slave society and feudal society, and developed more rapidly in capitalist society. Its nature and role are determined by different social systems.
