International Trade

Definition - What does International Trade mean?

International trade can be defined as trade that is undertaken between two nations or between companies located within different countries. There are several rules relating to international trade in almost every regard, which is meant to protect consumers by keeping a common level of goods on sale. If a country tried to sell products in another country where the hazard and safety laws were different, it could be that the item in question—such as children's items, which may or may not be flame retardant—would not be permitted for sale in the country that held the stricter regulations.

Justipedia explains International Trade

International trade is done at every level of commodity and goods in the marketplace. Some laws restrict the importation of items that are classified particularly, such as not importing oranges if the import country itself produces an abundance of oranges.

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