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: Presillyn Tan Jie Yin,
Fairview International School .


recent update :
International Trade
written by Presillyn Tan ✈
International Trade

International trade is the exchange of goods or services across international borders or territories. If the trades are in the right position, it will bring benefits to all countries involved, and it can sustain growth and rising living standards. Economy between countries will increase competition particularly for those domestic monopolies. The international trade is a powerful force in reducing poverty and enhances consumers’ choice in product. It allows gaining efficiency innovation in all industries.International trade provides a comparative advantage to make more profits for an organization. 


Figure 1: Opportunities and threats from international trade
Figure 2: Benefits of International Trade for consumers


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