International Trade
International trade refers to the exchange of goods and services between countries. It involves the import and export of goods and services, and is an important aspect of the global economy. Maritime transport plays a crucial role in facilitating international trade, as the majority of goods are transported by sea. Shipping is the most cost-effective and efficient mode of transport for bulk commodities, such as oil, coal, and grain. The shipping industry is responsible for transporting around 90% of global trade, making it a vital component of international trade. The regulation of international trade is governed by international agreements and organizations, such as the World Trade Organization (WTO) and the International Maritime Organization (IMO).
Your Previous Searches
Random Picks
- Veer: Veer is a term used in Indian maritime context to refer to a type of small sailing vessel with one or two masts. These vessels were traditionally used for coastal trade and fishing activities. They are typically made of wood and have a shal ... Read More >>
- Weather Deck: The weather deck is the uppermost deck of a ship that is exposed to the weather. It is the deck where most of the ship's activities take place, including loading and unloading cargo, mooring operations, and the handling of equipment and mac ... Read More >>
- Imminent Danger: Imminent danger refers to a situation in which there is an immediate and serious threat to life, property, or the environment. In the maritime context, imminent danger can arise from a variety of sources, including severe weather conditions ... Read More >>
Top News
Southeast Asian defense chiefs meet in Laos as maritime disputes with China are ...
Southeast Asian defense chiefs and representatives are meeting in the Laotian capital for security talks at a time of increasing maritime disputes with China in the Asia-Pacific and as the transition ...
News Source: ABC News on 2024-11-20
Biden's $100 billion disaster aid request includes money to rebuild the collapse...
President Joe Biden’s pending request to Congress for nearly $100 billion in emergency disaster aid includes money to rebuild Baltimore’s Francis Scott Key Bridge after its deadly collapse in Marc...
News Source: ABC News on 2024-11-19
The Houthis appear determined to score a hit on the American and European warshi...
The US and European Union have maintained a significant Middle East naval presence to battle the Houthis over the past year....
News Source: Business Insider on 2024-11-19
US defense chief says alliance with Philippines will transcend administrations...
U.S. Defense Secretary Lloyd Austin has condemned China's dangerous actions against the Philippines and renewed a warning that the United States would defend its treaty ally if Filipino forces come un...
News Source: ABC News on 2024-11-19
Death of 19-year-old employee found in Walmart walk-in oven was not foul play, p...
No foul play is suspected in the death of the 19-year-old Walmart employee whose body was found in the store’s walk-in oven in Canada last month, police said Monday....
News Source: NBC News on 2024-11-18