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International Trade

International trade is the exchange of goods and services between countries.

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Trading globally gives countries and companies the opportunity to be exposed to new markets and products. It can increase potential revenues and decrease dependency on local markets. However, it also subjects traders to more competition and, depending on the regulatory framework, can entail complex trade agreements and tariffs. International trade is influenced by comparative advantage, where countries export goods they can produce most efficiently and import those that are produced more efficiently by other countries.
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