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International Trade Meaning

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International Trade consist of two word which has its own meaning, and also has its meaning when it is combined. Firstly, Trade is a concept of exchanging goods and services between two or more entities. When it comes to International, this trade activity is happen along international borders which means between two or more different countries. In simple word, International Trade basically is the exchange of goods and services along the international borders. People have enganged in trade for thousands of years. The Ancient history provide with rich examples such as the Silk Road; the land and water routes that covered more than thousand miles and connected the Mediterranean with Asia. In addition, the transaction of the international trade …show more content…

There is no country, however big, can be self-sufficient. To achieve self-sufficiency, a country will have to undertake expensive wars, conquer free areas and convert them into colonies. This is based on realistic perspective which is lead to terrifying conflicts or even war. As I stated before, even the international trade might lead to the world peace, but it also has a potential of world war which will be followed by hardships due to the strict competition among countries to gain more profit than others.
The actors involve in International Trade is basically quite same with the actors in International Relations, which is consist of state and non-state actors. There is a little differences which is what is meant as the non-state actors it is more to the private actors such as Multinational Corporations (MNCs), Businessmen, International Organizations (IO, whether IGOs or NGOs), Regional Economic Integrations (such as EU), Small Medium Entreprises (SMEs), and etc. In addition, what is meant as the state actors is tend to the government institutions which is dealing with trade matters, such as Ministry of Trade, …show more content…

For example, Indonesia import rice from Thailand and Indonesia export palm oil to Thailand. International trade has expanded rapidly since the World War II, when countries all over the world are trying to fulfill their needs because of the impact of war. As the evidence, the most well-known and influential has been GATT (General Agreement on Tarrifs and Trade) which started in 1947. Through several rounds of talk since then, there is NAFTA (The North American Free Trade Agreement) which started in 1993. In 1990’s, the European Union (EU) starting to be operated by removing almost all trade barriers among its member nations. In 1995, the World Trade Organization (WTO) established, and now ASEAN also has Asean Economic Community (AEC). Basically, a central debate for many years has concerned the virtues of Free Trade versus Protectionism. Along with the industrialization and modernization, countries tend to be more cooperative to each other since there is no self-sufficiency among the countries all over the world. Since that, the activity of international trade has been significantly

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