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What is foreign trade?

Updated: 11/4/2022
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12y ago

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Buying and selling foreign currencies.

Speculators take advantage of fluctuations in FX prices to make a profit.

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Darwin Grant

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1y ago
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12y ago

Forein trade consists of export and import of goods and services from a country. the GDP of a country is the domestic equivalent of foreign trade. In the case of India, historically, textiles contributed a lot to the export and of late that place is taken by IT/BPO in the form of services. Indian imports mainly consist of manufactured goods.

www.dragon-guide.net/index5.htm is a good foreign trade guide website. You could go there and find all good trade websites of the world.

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