Foreign trade refers to the exchange of goods and services between countries. It allows nations to obtain products they do not produce domestically and to sell their own goods to international markets. This trade can involve various items, including raw materials, manufactured goods, and agricultural products. Countries engage in foreign trade to enhance their economies, create jobs, and improve consumer choices. Trade agreements, such as those facilitated by organizations like the World Trade Organization, help regulate and promote fair trade practices among nations, ensuring that trade benefits all parties involved.