Today I will talk to you about international trade, how we do international trading and how we can benefit from it and how people trade with each other.

What is International Trading?

International trade means that if there is any service or any item that we buy or send to another country, we call it international trading because the transaction of goods is also called export import. That is, we send anything to another country and import means that we import our necessities from another country, so it is very useful for us that we take our necessities from another country and We give them the things they need from our country. This is how we do international trading and it also improves our relations.

And today we will also talk about the advantages and disadvantages of international trading, how we benefit from international trading and how we lose from internet trading. What are the reasons that lead to our advantages and disadvantages?

Advantages Of International Trading

1.

Optimal Use Of Natural Resources

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This means that if we are from any country in our country, then the natural resources in our country are very much more than our needs, then we sell these natural resources in another country so that we can meet the needs of others. For example, Pakistan has a lot of salt, so there are some countries where there is very little salt, we have more than we need, so we send it to another country, so we are are doing natural resources trading.

2.

Economic Growth

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When you sell something in another country, it brings in the currency of another country in our country. For example, when we sell something in the United States, the currency of that country, which is dollars, comes to our country. So this is how our country's economy is strong, this is how our economy grows as much as possible.

3.

Availability Of All Types Of Goods

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The biggest advantage we get in international trade is that we can easily get what we want and need from every country. If we have resources or anything that is not in our country, then we You can easily import from another country with the help of international trading.

4.

Large Scale Production

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Large scale production means that something is made in our country and it is meeting the needs of our country but we sow more and more of this thing to meet the needs of other countries so that we can give more to other countries. Sell ​​more than you can and make the most of it. We call it large scale production. It is also done with the help of international trading.

5.

Exchange Of Technical Know-How And Establishment Of New Industries

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When you deal with the world, it will help you buy technology from these countries and a lot of things related to technology will come to your country and in this way your country will also learn something new. How can we also benefit in the field of technology? With the help of international trading, when some new technologies come from outside, we can benefit from them as much as we do.

6.

Increase In Efficiency

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With the help of international trading in our country, efficiency will also increase because if a country is making a laptop, you can buy a laptop from them and use it in your product, in this way you can improve the quality and your efficiency will increase.

7.

Division Of Labour

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The distribution of labor means that each country specializes in its products and seals the goods in another country because the labor they have is an expert in this work, so we can buy those things from them. Because we will get those things cheaply, if we make those things ourselves, they will be expensive for us, so there is a division of labor, who sit in each country and do their own work and meet the needs of other countries.

8.

Development Of Means Of Transport And Communication

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When we trade things with another country, our communication is good and transportation for things is good, so we have more consensus.

9.

Ability To Face Natural Calamities

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Similarly, if there is any problem or flood in any country, they can take charity from other countries with the help of trade and ask them for help, then the biggest benefit of trading is this. That we are in trouble with other countries and they help us.

10.

International Peace And Better Standard Of Living

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When you are attached to a lot of countries in this world, you have good relations with them and if there is any war between you, it ends and if there are any problems, you end them together. The biggest benefit of trading is that we live in peace and harmony with other countries and if there is any problem of any kind, we work out a solution together.

Disadvantages Of International Trade

1.

Shipping Customs And Duties

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When we buy anything from outside, it is taxed and has to be documented and when we have documentation, we have to pay some tax, it becomes necessary for us because we need that thing because If we need it, then we also lose in trading.

2.

Language Barriers

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The biggest problem in international trading is the language problem because if we have to order something from another country, we have to speak in their language which we do not know, so we have a lot of trouble. And we suffer because of it.

3.

Culture Differences

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Every country has its own culture so they make their own things according to their culture because the people there consider themselves good and they don't make anything for any country less than their own because they meet their needs. So we have to suffer a little bit because of the culture because they don't think we are good enough and they make their own things according to their culture.

4.

Returning Products

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If we ask for something from a foreign country, if that thing goes bad, it will not be returned. We place a condition on us from other countries that this thing will not be returned now. It's not our business, we have to suffer from this, so we have a little loss in international trading.

5.

Economic Dependence

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In international trading, our country depends on another country because what we have to buy from abroad, we have to buy. If that country does not provide us with that thing, then our country will have a shortage of that thing and our Yes, there will be famine, so our economy depends on other countries.

6.

Mis-utilisation Of Natural Resources

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If you have an abundance of something, you sell it in another country instead of storing it in your own country instead of completing it in your own country so that you can get maximum profit but your own There is a shortage of this commodity in the country due to which the price of this commodity in the country goes up so much that we suffer a lot because we do not store our natural resources.

7.

Import Of Harmful Goods

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Air trade is difficult for us, so we have to order things by ship, so when we have those things, any natural resource and anything, when we order them, illegal things come to our country along with our country. Due to which these people start fighting among themselves because when arms come to Pakistan or any country there will be some kind of quarrel there.

8.

Storage Of Goods

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We store things on this basis so that when it becomes expensive we will sell it and make maximum profit but the disadvantage to us is that there is a shortage of this thing in our country because if Whatever it is, you will store it, you will not sell it to anyone, it will reduce that item and increase its price, then we have to lose.

9.

Danger Of International Peace/War

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In all countries, selling goods starts costing each other. If every country wants to outperform another country, then there is a war between them. This is also a great loss to us in international trading. Sell ​​your things together and buy your things so we don't have to bear any loss.

Thank you so much for watching my post. I hope you will understand very clearly. Remembers me in your prayers.

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