Export Import/Foreign Trade

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WELCOME..
AIAT Institute
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Export IMPORT/ FOREGIN TRADE
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FOREIGN TRADE Trade among nations is a common
occurrence and normally benefits both the
exporter and the importer.  In many countries
international trade accounts for more than 20
percent of their national incomes.
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EXPORT Export are the goods and services
produced in one country and purchased by
residents of another country.
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• TYPES OF EXPORT
• Indirect Export
• Direct Export

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IMPORT Import are foreign goods and services
bought by residents of a country. Residents
include citizens, businesses, and the government.
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• TYPES OF IMPORT
• Industrial and consumer goods
• Intermediate goods and services
•  

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EXPORT/IMPORT PROCESS
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• ADVANTAGES OF EXPORT
• Enrich domestic competitiveness.
• It develops communication between two countries.
•  You can import the goods at very low cost from
  other countries and sell them with more profit.
• We can get some materials (which cant be
  produced by us) only in some parts of the world.

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• DISADVANTAGES OF EXPORT
• Need basic investment to start export business.
• Finding the importer from abroad is difficult and
  also it will take more time.
• Obtaining license and documents for export is
  difficult.

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• ADVANTAGES OF IMPORT
• You can import the goods at very low cost from
  other countries and sell them with more profit.
• We can get some materials (which cant be
  produced by us) only in some parts of the world.
• Through import, you can get those materials very
  easily

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• DVANDISATAGES OF IMPORT
• Foreign goods are substituting the domestic
  goods' markets so the domestic industries are
  eliminated.
• Trade deficit will cause the currency
  devaluation, inflation.

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• DUTIES OF EXPORT IMPORT
• Import duty is a tax collected on imports and
  some exports by a country's customs authorities.
• A good's value will usually dictate the import
  duty.
• Depending on the context, import duty may also be
  known as a customs duty, tariff, Import tax or
  Import tariff.

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INDIAS FOREIGN TRADE POLICY Foreign
trade in India includes all imports and exports
to and from India. At the level of Central
Government it is administered by the Ministry of
Commerce and Industry. Foreign trade accounted
for 48.8 of India's GDP in 2015.
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IMPORTANCE OF EXPORT IMPORT/FOREIGN
TRADE Exports and imports are important for the
development and growth of national economies
because not all countries have the resources and
skills required to produce certain goods and
services. Nevertheless, countries impose trade
barriers, such as tariffs and import quotas, in
order to protect their domestic industries.
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