Foreign trade, also known as international trade, encourages competition for a good or service abroad, so that different countries can send and receive products that are not produced locally at an economic price.
The basic forms for foreign trade are:
Import. Goods and services purchased in a foreign country.
Export. Goods and services sold in a foreign country.
Import and export between different countries is vital importance for the economy, in addition to meeting the demand of markets, improve competitiveness and promotes productive chains that provide welfare and a better quality of life for all.
Exchange of different goods and services.
Necessary regulations and measures.
Currency flow reflected in the exchange rate.
Encourage the production of a country.
Expand offers in the international market.
Within foreign trade, there are rules of control of products, procedures and taxation, which ensure that a transaction is carried out safely and legally.
Customs is the agency responsible for controlling the entry and exit of various products, as well as verifying compliance with special regulations according to the law.
All countries that engaged in foreign trade, whether to exchange goods or services, must create agreements or arrangements to facilitate the exchange processes; this is established according to each state, governments, companies and respective legislation.
In our entry previous import permits and export permits, we mention some of the requirements that you must meet to perform these activities.
Thanks to trade liberalization, the elimination of border prohibitions and impediments, and our ability to encompass all the logistics for imports, exports and assurance formalities, we are able to provide the best solutions for large and small businesses.
> You may be interested to read our entry you know foreign trade in Mexico?