Question

What is Foreign Trade? What are Import Trade, Export Trade and Entrepot Trade? Discuss its

importance and the related problems in Foreign Trade.

Answer 1

when the conduct of trade crosses the national boundaries and reaches the foriegn lands,foreign trade is born.
IMPORT...when a business man of a country buys some goods frm businessman of other country it is called import
EXPORT...when a trader of one country sells something to the trader of another country it is called export.
ENTREPORT...when a country imports some goods frm other country and then exports the same goods to some third country it is known as entreport

Answer 2

During this period, Britain held the monopoly of over India's imports and exports. Therefore, most of the foreign trade was restricted only to Britain and other was while the rest half was allowed to trade with other countries like Ceylon (Sri Lanka), China, and Persia