Export and Import Business: A Gateway to Global Tradel
đ Export and Import Business: A Gateway to Global Trade English Version Introduction In today’s interconnected world, no country can remain fully self-sufficient. Every nation depends on others for products, resources, or services. This exchange of goods and services across international borders is known as export and import business. It not only strengthens the economy but also creates opportunities for entrepreneurs to expand beyond their local market. What is Export and Import? Export means selling goods or services produced in one country to another country. For example, India exports spices, textiles, and software services to various countries. Import means buying goods or services from another country. For example, India imports crude oil, electronics, and gold. Why is Export-Import Important? 1. Economic Growth – International trade increases a country’s income and GDP. 2. Job Creation – Export and import industries create millions of jobs. 3. Availability of Produc...