THE RISE OF IMPORTANCE FOR GLOBAL TRADE DATA
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THE RISE OF IMPORTANCE FOR GLOBAL TRADE DATA To experience the effects of Global Trade in any country, one must visit a nearby supermarket or hypermarket. This is so because if a person finds products listed in the market which are from different countries, like Brazilian coffee, Thailand’s chocolates, or South African wine then it becomes sure that his or her country is into international trade and hence maintains a Global Trade Data for itself every fiscal year. In layman’s terms, international or global trade is a type of trading practice wherein goods and services are traded between different countries and continents. Be it consumer goods, eatables, or machinery, everything is traded in the global market. Also, to maintain the records of each transaction that took place in a year, every country is bound to create Global Trade Data for itself for yearly presentation wherein it records all imports and exports that happened along with the amount of quantity sold or bought. ...