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What makes international trade more difficult to conduct than home trade?

Give reasons that make international trade more difficult to conduct than home trade.

Answers

Maurice
(i) There are sometimes difficulties in finding potential markets for goods in foreign countries.

(ii) Differences in languages may make communication difficult.

(iii) There are laws and regulations which differ from one country to another.

(iv) Lack of a uniform currency makes conversion of currency as requirements difficult.

(v) Physical barriers separating countries lead to high transport costs.

(vi) The possibility of using untrustworthy agents increases the risk involved.

(vii) Long procedure and documentation complicate trade in some countries.
maurice.mutuku answered the question on August 5, 2017 at 08:40

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