What is invisible trade ?
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Invisible trade refers to an international transaction which does not involve tangible goods, but services, such as consultancy services, insurance, banking, intellectual property, international tourism, etc.
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Invisible trade refers to an international transaction which does not involve tangible goods, but services, such as consultancy services, insurance, banking, intellectual property, international tourism, etc. ... A country's invisible trade needs to be accounted for while calculating the total balance of trade.
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