Which of the following is are included in foreign trade 1 Import 2 Export 3 Entrepot trade Select co...........

Economic Affairs Foreign Trade - Trends and Policy

Which of the following is/are included in foreign trade?

1.Import

2.Export

3.Entrepot trade

Select correct code:

1 and 2 only

2 and 3 only

1 and 3 only

All of the above

All of the above

Import: This refers to the purchase of goods and services from foreign countries and bringing them into the home country.

Export: This refers to the sale of goods and services to foreign countries.

Entrepot trade: This involves the importation of goods for the purpose of storage, processing, and re-export, without entering the local market.

Therefore, all three—import, export, and entrepot trade—are included in foreign trade. The correct answer is "All of the above."

Submit Error