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

foreign trade means exhange of goods capital and services across the border....
import means goods brought from country..
export means goods selling from one country to another...
entrepot means repacking or selling...
problems means...damages in products..or missing produts...

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