Mention the common problem faced by traders in international trade

international-trade
cbse

#1

In international trade the main problems faced are :
(a) Many countries put import and export restrictions either directly or by imposing high customs duty and tariffs creating problems for conducting international trade.
(b) Trade dealing practices of traders located in different countries very widely which may result in a lot of difficulties in concluding the trade agreement.
© Frequent market changes related to prices of goods, consumer preferences, policies of the Government concerned, etc increases risks for the traders in international trade.
(d) International trade requires heavy documentation so before entering international market; traders have to prepare various documents.