International Trade refers to the exchange of goods and services between countries. It involves the import and export of products across national borders, allowing countries to obtain resources and goods that they do not produce domestically or to sell their own products to foreign markets. This trade is facilitated by various mechanisms, including trade agreements, tariffs, and regulations, aiming to enhance economic growth, competitiveness, and consumer choice. International trade plays a crucial role in global economic integration and can impact currency values, job markets, and even international relations. It encompasses a variety of sectors, including agriculture, manufacturing, and services, and is influenced by factors such as supply and demand, and trade policies.
Kazakhstan and Uzbekistan are revitalizing ancient trade routes with a plan to create four new trade corridors, fostering economic collaboration and growth. The partnership was highlighted at a meeting in…