DIVISION OF FOREIGN TRADE
Hey
Guyz, Happy New Week. Hurray!!!!. Am just over the Moon because God kept me
ALIVE and You!!!! yes you. I thank God for your Life today and I know he has an
amazing plan for you today. Therefore CONGRATULATIONS in advance!!!!. Let's get
Started.
International otherwise
called Foreign Trade can be divided
into the following:
#
Import
#
Export
#
Entreport
1.
IMPORT
It
is the buying and selling of goods and services from other countries. it is
sometimes restricted to control a country's Balance of Payment. It can be
divided into two, namely:
a.
Visible Import Trade- is the buying of goods from other countries which
can be touched and seen (Tangible Goods). For Example- Automobiles (Cars),
Electronics etc.
b.
Invisible Import Trade- is the buying of services from other countries
which cannot be seen or touched (Intangible Goods). For Example- Banking
Services etc.
