BASICS & EXPORT IMPORT CYCLE

Breadcrumb Abstract Shape
Breadcrumb Abstract Shape
Breadcrumb Abstract Shape

Introduction to International Trade

International trade is the foundation of global business, connecting nations through the exchange of goods, services, and capital. It opens up opportunities for businesses to reach international markets, promotes economic growth, and encourages innovation.

Global Trade at a Glance

  • Contributes to over 60% of the world’s GDP.
  • Helps countries specialize in what they do best (comparative advantage).
  • Provides consumers with greater choice and competitive prices.
  • Faces challenges such as tariffs, trade disputes, and supply chain disruptions.

Key Trade Concepts

  • Export / Import – Selling or buying across borders.
  • Balance of Trade (BOT) – Difference between exports and imports.
  • Incoterms – International rules defining buyer/seller responsibilities (e.g., FOB, CIF).
  • HS Code – Standardized product codes for customs clearance.
  • FTAs (Free Trade Agreements) – Deals between countries to reduce trade barriers.

Trade Bodies & Institutions

  • Global Level:
    • WTO – Creates rules for fair trade and resolves disputes.
    • UNCTAD – Supports trade and development in emerging economies.
    • IMF & World Bank – Provide financial stability and support trade growth.
  • India’s Trade Ecosystem:
    • DGFT – Issues Import Export Code (IEC) and implements India’s Foreign Trade Policy.
    • Export Promotion Councils – Support exporters in specific industries.
    • Customs & RBI – Regulate duties, compliance, and foreign exchange.

India’s Foreign Trade Policy (FTP)

India’s FTP is designed to boost exports, create jobs, and strengthen global competitiveness.

  • Current policy (extended till 2025) focuses on:
    • Export incentives (RoDTEP, RoSCTL).
    • Digital trade facilitation via DGFT online platforms.
    • Promotion of districts as export hubs.
  • Future direction includes green exports, MSME support, and e-commerce exports.
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What Will You Learn?
  • This course introduces the fundamentals of international trade, covering the global trade landscape, key terms, and the role of trade bodies. Learners will understand how exports and imports drive economies, the importance of trade agreements, and how institutions like the WTO and DGFT regulate global and Indian trade. The module also explains India’s Foreign Trade Policy (FTP), export incentives, and future opportunities such as e-commerce and green trade.

Audience

  • International Business Students , Logistics & Supply Chain Students, New time Importers or Exporters

Course Content

Global Trade at a Glance
Global trade drives over 60% of the world’s GDP, enabling nations to specialize and boost efficiency.It offers consumers wider choices at competitive prices. At the same time, it faces challenges like tariffs, trade disputes, and supply chain disruptions.

  • Global Trade at a Glance

Key Trade Concepts
Key trade concepts form the backbone of global business. They include exports and imports, balance of trade, and standard systems like Incoterms and HS Codes that simplify international transactions. Free Trade Agreements (FTAs) further reduce barriers and promote smoother cross-border trade.

Trade Bodies & Institutions
Global trade is regulated by key institutions like the WTO, UNCTAD, IMF, and World Bank, which ensure fair practices and financial stability.In India, trade is managed by the DGFT, Export Promotion Councils, Customs, and RBI, supporting exporters and regulating compliance.Together, these bodies create a framework that enables smooth and sustainable international trade.

India’s Foreign Trade Policy (FTP)
India’s Foreign Trade Policy (FTP) aims to boost exports, create jobs, and enhance global competitiveness. The current policy (extended till 2025) promotes export incentives, digital trade facilitation, and districts as export hubs. Future focus areas include green exports, MSME growth, and e-commerce trade.

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Course Includes:

  • Price:Free
  • Instructor:admin
  • Lessons:4
  • Students:0
  • Level:Intermediate