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Important of International Trade
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Transcript
The History of International Trade
- The barter of goods or services among different peoples is an old practice, probably as old as human history.
- International trade refers specifically to an exchange between members of different nations.
The Importance of International Trade
Promotes mutual cooperation among different countries.
Maintain cost competitiveness in domestic market.
Reduce dependence on existing markets.
The Importance of International Trade
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