| International trade can be generally termed as trading | | | | "average" importer has sales of $1-2 million dollars per |
| of supplies and services among two countries. Trade | | | | year. |
| in two neighboring countries was also done in | | | | Currently, international trade is mostly conducted |
| prehistoric era. Today, international trade is the basic | | | | while observing the guidelines set by the World |
| barometer that tells the entire story of a country's | | | | Trade Organization. But, the trade between two |
| economy, social and political status. In fact, it can be | | | | countries is also influenced by the economic treaties |
| said that international trade is crucial for overall | | | | between the countries. |
| growth of economy. | | | | Some of these agreements include NAFTA between |
| Good bilateral relations between the nations | | | | US, Canada and Mexico, European Union between 27 |
| significantly influence the success of International | | | | countries in Europe and MERCOSUR in South America. |
| Trade. In the past few decades, Import Export was | | | | Despite having rules to regulate international trade, |
| severely suppressed and was considered impossible | | | | trade between countries still involve quite a few |
| due to high excise duty and taxes. During that period, | | | | potential hazards at the economic and political fronts. |
| countries mainly adopted the policy of mercantilism. | | | | Some of these include termination of international |
| The inflow of capital is what affects the prosperity | | | | export or import licenses, danger of war, risk of |
| of the nation. | | | | striking a ban on imported products after the |
| Nevertheless, with the arrival of globalization and | | | | shipment of the consignment and currency exchange |
| industrialization during 19th century, these policies | | | | controls, and more. Therefore, anyone involved in the |
| have been relaxed and the idea of free trade has | | | | import export business should be wary about |
| been accepted. Today, all nations are able to bear | | | | changes to both domestic and international laws and |
| witness to the benefits that free trade brings about. | | | | policies. |
| Growth wise, the import and export industry is | | | | If you want to make it big in the import export |
| growing at lighting speed. There are 450,000 people | | | | Business, it is recommended that self-employment is |
| involved in the import export business and this | | | | the best start. Eventually everyone desires to own |
| generates a massive revenue of almost $656 billion | | | | his business at some stage. Why not make the |
| each year. | | | | import export a dream job for yourself. |
| The top 1,000 of those importers account for 65% | | | | 85% of American millionaires grow to be rich in their |
| of the total import value-some $450 billion, or an | | | | own career, and two thirds of them are |
| average of $400 million each. That leaves the | | | | self-employed. If you have true passion for trading, |
| remaining $256 billion in imports to be divided among | | | | the Import and Export business can become your |
| 349,000 importers. This averages to about $734,000 | | | | dream career. |
| in production value for each importer. This means the | | | | |