Question

QUESTION 4

Explain the process of how an international trade is facilitated with illustrated graph and detailed explanation.

(PLEASE WRITE TYPE IT BECAUSE I CAN'T READ HANDWRITTEN PAPERS )

Answer 1

A Online training package name WTO has explain trade facilitation as the procedures of simplification and harmonization of the international trade. the trade procedures include the activities and practices and the formalities which is involved in the collection presentation communication and processing of the data required international trade includes the capital good and services exchange across the borders and territories internationally to meet the needs and wants of the goods and services. International level trade is more complex process than the domestic trade. International financial payments facilitate the transactions involved in the international trade. The central bank and the private banking system of the Nations that are played in a very important roles. The TFA includes the provision regarding the the expediting the movement release and their clearance of the goods and also including the goods which are in transit. also measures are set out for proper and effective cooperation in between the customs and the other different appropriate authorities on the facilitation of trade and issues of compliance of customs.