Explain why ports known as gate way of international trade
Answers
Ports can be classified in various ways based on its ownership and control, purp
-ose it delivers, volume of trade carried on and types of facilities it provides. But in this paper, we are going to distinguish ports on the basis of its capacity or volume of trade it carries on.
Economic liberalization has led to investments flowing from across the world. For Investments to flow in from various parts of the globe primarily depends on the ease of doing trade and the infrastructural facility that can be availed. Development of infrastructures is one of the key factors in determining the economic development of a country. Along with standardization and trade liberalization, faster, reliable and cheaper transport services are contributing to the integration of production process at international level.thus ports are
known as gate way of international trade.
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(i) The chief gateways of the world of international trade are the harbours and ports.
(ii) Cargoes and travellers pass from one part of the world to another through these ports.
(iii) The ports provide facilities of docking, loading, unloading and the storage facilities for cargo.