History of International Trade
Basis of International Trade
The factors on which international trade depends are as follows:
Aspects of International Trade
There are three very important aspects of international trade:
Types of International Trade
There are two types of international trade:
Balance of Trade
Case for Free Trade
World Trade Organization [WTO]
Regional Trade Blocs
These are developed as a response to the failure of global organizations. There are 120 regional trade blocs that generate 52% of the world’s trade.
Some of the trade blocs are as follows:
Concerns Related to International Trade
This can be summarised as merits and demerits of international trade.
Gateways of International Trade
Harbours and ports are the chief gateways of international trade. These ports facilitate the passage of cargos and travellers as well as provide facilities of docking, loading, unloading and storage.
Types of Ports
Ports are generally, classified according to the types of traffic which handle. Types of ports on the basis of cargo handled are:
Types of Ports on the basis of Location
Types of Ports on the basis of Specialised Functions
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