Wish to Trade in the Indian Market? Understand Different Types of Licenses for International Trade
In the current environment of rapid globalization, international trade has become an important concept in the Indian Market -especially with respect to import and export of products. The nature of different economies will vary -under-developed, developed, and developing. Moreover, additional factors like availability of natural resources, capital for production of goods, technology, and others play a crucial role in the entire economic development of any nation. Countries that are rich in natural resources (like India) can look forward to exporting products to other nations while earning foreign exchange. On the other hand, countries with the lack of proper resources might have to import specific products from other nations for their use. Different Licenses for International Trade Different nations impose export and import duties on particular goods -depending on the nation of origin. The overall management of tariffs and duties is carried out through international trade policie