International commerce refers to the exchange of goods and services across national borders. It involves businesses and governments engaging in trade, which can include importing and exporting products, as well as providing services to foreign markets. This type of commerce is essential for countries to access resources, technology, and products that may not be available domestically.
The process of international commerce is influenced by various factors, including trade agreements, tariffs, and regulations. Organizations like the World Trade Organization (WTO) help facilitate and regulate trade between countries, ensuring that it is conducted fairly and efficiently. This global trade network contributes to economic growth and development worldwide.