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    Current page location: Home > Answers > What are the different types of foreign trade?
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    Stella Qi
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    What are the different types of foreign trade?

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    • Time:2018-09-04 10:07:04
    What are the different types of foreign trade?
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    Bella Qi
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    The main types of foreign trade include:

    ? trade in goods and services;

    ? exchange trade;

    ? trade fairs;

    ? auctions;

    ? counter trade;

    ? trading with compensation deals, etc.

    I would like to distinguish the following types:

    Exchange trade is a trade in goods, currency and securities through intermediary of brokerage exchanges. In 5-10% of cases it is real product, in 90-95% - futures.

    Auction assumes sale in the form of a public market held in a predetermined place and at a pre-designated time with the right to a preliminary examination of goods. Goods by auction are sold of unique samples to the buyer who offers the highest price.

    Barter. It is a natural commodity exchange, in which one thing is traded for another without monetary payment; a bargain, carried out under the scheme "goods for goods".

    #1Floor 2018-09-04 10:56:33 Reply(0)
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