No country has had in it's own boundary resources for economical production of all its requirement do international trade it is possible for a country to obtain good it cannot produce or cannot produce less cheaply as other country has the country welding is determined to a great existence by the nature of its foreign trade new product has been developed almost every year and the existing one are going into the pond the produced in greater number as a result standard of living for the world are improving every citizen is interested in foreign trade whether he is interested as a consumer producer inventor of taxpayer the importance of foreign trade to customer lies in the fact that we can purchase from the cheapest source India depend upon foreign country potentially for capital equipped and maintenance import he was consumer depend upon the import for the supply of coffee and sugar while the UK customer obtain the major portion of their food stuff and the entire supply of tea from foreign country foreign trade lead to an increase in unemployment for example four out of five manufacturing jobs created at around 9782 in the US were in export related industry development of export and import give a flip 2 ugly service such as transport shipping Banking and Insurance which for the increase employment country really and foreign trade not only obtained domestically available good but also the disposal of their product in some cases that degree of dependence beings sustainable for example the Indian producer of jute manufacture and T are mainly dependent upon export market Japanese industry is mainly depend upon the CFO for its prosperity similarly in the USA through the overall dependence is not so great get more than 25% of the US production of a number of agriculture and industrial product is exported in many cases the existence of export market and label the producer to increase their protection and thus awail will themselves of the economy of the scale production
