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What is the difference between international trade and external trade?

International trade is trade between two or more countries, while external is a trade in another country.


Difference between international trade and local trade?

International trade is trade between people or businesses in different countries. Local trade is trade between businesses and individuals in the same local area.


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Multilateral arrangements to promote international trade are bilateral or regional trade agreements.


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What must both international trade and inter-regional trade must overcome?

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What is intra regional trade in regional science?

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What is the difference between NAFTA and the WTO?

NAFTA (North American Free Trade Agreement) was a regional trade agreement between the United States, Canada, and Mexico aimed at reducing trade barriers and promoting economic cooperation among the three countries. In contrast, the WTO (World Trade Organization) is a global international organization that regulates and facilitates international trade between nations, providing a broader framework for trade agreements and resolving disputes. While NAFTA focuses on trade within North America, the WTO encompasses a wider range of member countries and trade issues globally.


What is the difference between tourism from international trade?

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