Mention the common faced by traders in international trade.
Mention the common faced by traders in international trade.
In International trade the main problems faced are:
a. Many countries put import and export restrictions either directly or by imposing high customs duty and tariffs, creating problems for conducting international trade.
b. Trade dealing practices of traders located in different countries vary widely which may result in a lot of difficulties in concluding the trade agreement.
c. Frequent market changes related to prices of goods consumer preferences, policies of the Government concerned, etc. increases risks for the traders in international trade.
d. International trade requires heavy documentation, thus before entering the international market; traders have to prepare various documents.
In International trade the main problems faced are:
a. Many countries put import and export restrictions either directly or by imposing high customs duty and tariffs, creating problems for conducting international trade.
b. Trade dealing practices of traders located in different countries vary widely which may result in a lot of difficulties in concluding the trade agreement.
c. Frequent market changes related to prices of goods consumer preferences, policies of the Government concerned, etc. increases risks for the traders in international trade.
d. International trade requires heavy documentation, thus before entering the international market; traders have to prepare various documents.
