BE2010Unit4.pptVIP

Text A of Unit 4 ?Important words, phrases and sentences: What is international trade? International trade is the exchange of goods and services across national boundaries. It refers to exports of goods and services by a firm (exporter)to a foreign-based buyer (importer) or imports of goods and services by a firm (importer) from a foreign-based seller (exporter) . 2. services: Economic activities --- such as transportation, banking, insurance, tourism, space launching telecommunications, advertising, entertainment, data processing, consulting and the licensing of