Gateways of International Trade
International trade is the voluntary exchange of goods and services across national borders, essential for countries to access commodities they cannot produce themselves or to obtain them at lower prices. This section explains the evolution of trade from its primal roots of barter systems to the complexities of modern international commerce.
The historical context spans ancient trade routes like the Silk Route to the establishment of organizations like the World Trade Organisation (WTO) that govern trade practices. Central to this discussion are the critical roles played by ports, categorized by function, location, and cargo handled, which facilitate the movement of goods and services. Major types of ports include industrial ports, oil ports, and comprehensive ports. Furthermore, key port features such as inland and out ports illustrate the geographical considerations that affect trade. The section culminates in discussing the broader implications of international trade on economies, highlighting the balance of trade and its significance.