International Trade

International trade is the exchange of goods and services between nations. These are known as imports, where the country pays another for its goods and services. And there are exports, where the country sells its goods and services.

Net exports

Net Exports

Net exports represent the difference between a country’s total exports and imports of goods and services, reflecting its trade surplus or deficit and influencing economic growth and currency exchange rates.

Free Trade Shipping containers

The Importance of Free Trade

True free markets don’t exist anywhere in the world. This is because free markets and free trade go hand in hand. There exists no country that has free trade with every other. Although Hong Kong doesn’t operate a tariff regime, it is unable to export its products and services to others free of tariffs. Free market ideologies such as neoliberalism are attacked and concluded that they have failed.