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Santhosh Anvekar
International Trade
International trade is an exchange of capital,
International Trade
The 2008 global financial crisis and subsequent slowdown
Trade in India
Trade and commerce have been the backbone of
the Indian economy right from ancient times.
Textiles and spices were the first products to be
exported by India.
The Indian trade scenario evolved gradually after
the countrys independence in 1947. From the
1950s to the late 1980s, the country followed
socialist policies, resulting in protectionism and
heavy regulations on foreign companies conducting
trade with India.
Merchandise Trade
Services Trade
EXIM Bank
Set up by an act (Export-Import Bank of India) of
parliament in September 1981
Wholly owned by Government of India
Commenced operations in march, 1982
Established for providing financial assistance to
exporters and importers and for functioning as
the principal financial institution for coordinating
the working of institutions engaged in financing
export and import of goods and services with a
view to promoting the countrys international
trade
Trade Barrier
What is a trade barrier? What is a physical trade
barrier?
A trade barrier is an obstacle to (or
something that stops) trade
A physical trade barrier is a natural barrier like
mountains, rainforests, deserts
Example of a Tariff
Two companies sell athletic shoes in the US.
Company 1 is located in Brazil.
Company 2 is in Hershey, Pennsylvania.
A tariff must be paid on all shoes made outside
Example of Quota
Germany has imported 2 million tons of steel from
companies?
2.How will this impact French steel companies?
3.Why would a country do this?
Embargo
An embargo stops exports or imports
Example of Embargo
Last year Spain had some political
disagreements with Greece, so they enacted
an embargo against Greece. With the
embargo, no Greek ships are allowed in
Spanish ports.
1. How will this impact Greece?
2. Why would Spain want to do this?
3. Will Spain benefit from this decision?
marketable product
In some cases, companies may wake up and
smaller companies
Minor mistake can cause disaster to the small companies,