1. Guided By Sumit sirSubmitted By Mehul

2. KINDSOF FOREING TRADE NEED FOR FOREIGN TRADE IMPORTANCE OF EXTERNAL TRADE ADVANTAGES OF FOREIGN TRADE DISADVANTAGES OF FOREIGN TRADE COMPLEXITIES OF FOREIGN TRADE IMPORT TRADE EXPORT TRADE 3. Dueto difference in geographical condition, a nation cannot produce all commodities itself. It has to depend on other nation for the commodities either cannot be produced or the supply of which less than the demand every nation faces shortage of some commodities or other. 4. UnevenDistribution of Natural Resources Divisionof Labour and Specialisation VaryingRate of Economic Growth Theoryof Comparative Cost 5. EarningForeign Exchange Utilization of Resources Development of Economy Increase in Wealth Mutual Cooperation Assistance Calamities Disposal of Surplus Produce Strong Relation 6. Availabilityof Different Commodities Maximum Utilisation of Natural Resources Advantage of Geographical Facilities Higher Standard of Living Advantage to agricultural and industrial countries Development of Service Sector Promotion of World-peace 7. Mobilityof Factors of Production Equalisation of prices Generation of Employment 8. Distance Dependence Absenceof Personal Contact Downfall of Home Industries Political Slavery Import of Luxurious and Harmful Goods Risky Affair 9. DifficultyRegarding Information Difficulty in Estimating Changes in Demand and Supply Risk of Fluctuation in Price Changes in Exchange Rates Restriction Less or Damage to Cargo Import-Export Licences 10. FOREIGN TRADE IMPORT TRADEEXPORT TRADERE-EXPORT TRADE 11. Buyingof Goods and Services from country is known as import. For example, purchasing necessary goods from U.S.A. , Japan ,Russia , Canada and other countries is called Import for India 12. ToMeet the Need of Goods To Develop the Economy Geographical Reasons Export Promotion 13. ImportAgent Clearing Agent Railway Company Transport Companies Banks 14. Order or Indent Bill of Lading Certificate of Origin Consular`s Invoice Shipping Bill Bill on Entry Bill of Sight Dock Warrant Dock Challan Charter Party Letter of Hypothecation 15. Whennation sells goods and service to another nation. For example, M/s Rustogi brothers of Mumbai sell gold ornaments to a firm of England, it is called export trade. 16. Tosell the surplus production. To pay the imports. To promote industrialisation. To earn foreign exchange. To make balanced development of nation. To achieve self-sufficiency. To accelerate the rate of growth. 17. ExportAgent Forwarding Agent Shipping Companies Banks Insurance Companies 18. Order Indent Billof Lading Certificate of Origin Consular`s Invoice Charter Party Mate`s Receipt Shipping Order Shipping Bill 19. DockReceipt Dock Challan Insurance Policy Letter of Hypothecation Bill of Exchange Invoice 20. Foreigntrade is that trade which improves the living standard of public at large. With the help of foreign trade we use luxury goods. And they create a lot of Employment opportunities. But it affects the home industry which face downfall and some times a country can depends on developed country. It proves very costly. 21. THANK YOU