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    Foreign trade refers to imports and exports between countries. Imports are goods purchased from another country, while exports are domestic goods sold abroad. There are several types of foreign trade, including intra-industrial trade involving similar goods between countries, inter-industrial trade which offsets exports and imports of different goods, and intra-firm and inter-company trades within multinational businesses. Foreign trade provides benefits like economic growth and job creation but also risks if production relocates to lower cost countries.

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    Foreign trade refers to imports and exports between countries. Imports are goods purchased from another country, while exports are domestic goods sold abroad. There are several types of foreign trade, including intra-industrial trade involving similar goods between countries, inter-industrial trade which offsets exports and imports of different goods, and intra-firm and inter-company trades within multinational businesses. Foreign trade provides benefits like economic growth and job creation but also risks if production relocates to lower cost countries.

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    2 views5 pages

    Expose

    Uploaded by

    Kefing Diakite
    Foreign trade refers to imports and exports between countries. Imports are goods purchased from another country, while exports are domestic goods sold abroad. There are several types of foreign trade, including intra-industrial trade involving similar goods between countries, inter-industrial trade which offsets exports and imports of different goods, and intra-firm and inter-company trades within multinational businesses. Foreign trade provides benefits like economic growth and job creation but also risks if production relocates to lower cost countries.

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    of 5

    FOREIGN TRADE

    I-INTRODUCTION
    Commerce is the sale and purchase of
    products (goods) or services.
    It is domestic when the exchanges take
    place in the same country, it is also
    external when the seller and the buyer
    have their tax domicile in a different
    country.
    So we are going to be interested in
    foreign trade.
    II-DEFINITION
    Foreign Trade or International Trade!
    Foreign trade includes all activities
    related to the import and export of a
    country

    -Importation:
    An import refers to the entry of goods
    into a country following the purchase
    of the latter from an economic agent
    established abroad.

    -Exportation:
    Action to export exit of national goods
    sold to a foreign country.

    III-The different types of foreign trade:


    1-Intra-industrial trade when exports
    and imports from the same country are
    mainly between products belonging to
    the same branch of activity.
    2-Inter-industrial trade when exports
    from one branch are offset by imports
    from another branch.

    3-Intra-firm trade is an international


    exchange of goods or services between
    companies of the same group, of the
    same multinational firm.
    4-Inter-company trade is used to refer
    to all companies that buy to sell to
    other companies, goods or services.
    IV-THE PROS AND CONS OF THE FOREIGN
    TRADE

    1-The benefits of foreign trade:

    Is an engine of growth: it creates jobs,


    reduces poverty and opens up
    economic opportunities.
    The World Bank Group helps its client
    countries improve their access to
    developed country markets and
    increase their participation in the
    global economy.

    2-The disadvantages of international trade


    Risk of relocation of activity:
    If it is possible to produce in another
    country at a lower cost, entrepreneurs
    can relocate their capital and their
    companies, thus causing the
    destruction of jobs.
    -The key expression
    Foreign trade: commerce international
    Accountant: comptable
    Order: commande
    Invoice: facture
    Delivery notes: bordereau de livraison
    A subsidiary: filial
    The stockholders: les actionnaires
    C.E.O: P.D.G
    Good: biens
    Purchase: achat
    Exchanges: échange
    Seller: vendeur
    Buyer: acheteur
    Abroad: à l’étranger
    Offset: décalage

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