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International Trade refers to the exchange of goods and services across international borders or territories. It involves countries buying and selling products to one another, facilitating access to resources, markets, and consumption opportunities that may not be available domestically. This trade can be influenced by various factors, including trade agreements, tariffs, and regulations that govern the flow of goods.
International trade allows countries to specialize in the production of certain goods and services where they hold a comparative advantage, leading to increased efficiency and economic growth. It encompasses a wide range of activities, from the import and export of agricultural products to industrial goods and high-tech services. As economies become more interconnected, international trade plays a crucial role in shaping global economic relations, impacting employment, pricing, and availability of products within nations.
Ho Chi Minh City is preparing to host the highly anticipated Global Sourcing Fair Vietnam 2024 from April 24-26 at the Saigon Exhibition and Convention Center. This year's event is…