Cross-Border Trade
Cross-border trade refers to the exchange of goods and services between countries. This type of trade allows businesses to access new markets, diversify their products, and increase their customer base. It often involves various regulations, tariffs, and customs procedures that must be followed to ensure compliance with the laws of both countries.
Countries engage in cross-border trade to enhance economic growth and improve relationships with neighboring nations. It can involve a wide range of products, from raw materials to finished goods, and is influenced by factors such as exchange rates, trade agreements, and transportation logistics.