Any example of external trade?
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Shipping and insurance services, services to foreign tourists, services of foreign technicians, interest on loans etc., are some of the example of invisible trade. External Trade is an important indicator of economic condition of a nation. Both importing and exporting countries are benefited by external trade.
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On the basis of sale and purchase of goods and services, external trade can be divided into three kinds. They are: (a) Import trade (b) Export trade (c) Entrepot trade Let us discuss details about them.
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