What do you understand by foreign trade? How far is it beneficial for the country?

Dear Student,

As correctly mentioned above Foreign Trade refers to exchange of goods and services across international borders in foreign/domestic currencies;

Benefits of Foreign Trade can be referred at the below link:

https://www.meritnation.com/ask-answer/question/in-what-three-ways-foreign-trade-led-to-intergration-of-mark/globalisation-and-the-indian-economy/2024100

Do get back to us in case of any further query!!!

Regards,

 

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The Meaning and Definition of Foreign Trade or International Trade! Foreign trade is exchange of capital, goods, and services across international borders or territories. In most countries, it represents a significant share of gross domestic product (GDP).
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