Foreing Trade and Logistic
Foreign trade is the exchange of goods across national borders. prof. According to JL Hanson’s definition, “The exchange of various private goods and services between the countries concerned is known as foreign trade”.
Foreign trade is, in principle, no different from domestic trade, since the motivation and behavior of the parties involved in a trade do not fundamentally change depending on whether the trade is cross-border or not. The main difference is that international trade typically costs more than domestic trade. This is because a border typically incurs additional costs such as tariffs, time costs from border delays, and costs associated with country differences such as language, legal system or a different culture.
Logistics refers to all processes of a product from the first producer to the final consumer, such as transportation, storage, customs clearance, packaging, distribution. According to the definition of the Council of Supply Chain Management Professionals (CSCMP), the world’s largest logistics organization, logistics is “The efficient and effective transportation of all products and related information, including services in line with the customer’s needs, from the point of origin to the destination, and It is the process of planning, implementing and supervising the procedures necessary for storage.