What is International Trade
International Trade refers to the transaction of goods and services across national borders, which is generally composed of import trade and export trade, so it can also be called import and export trade. International trade is also called world trade. Import and export trade can adjust the utilization rate of domestic production factors, improve international supply and demand relations, adjust economic structure, increase fiscal revenue, etc.
What is a Free Trade Zone
A Free Trade Zone is a Free Trade Zone, also known as a Foreign Trade Zone or a Tax-Free Trade Zone. It is a zone outside the customs territory where all or most of the imported and exported goods are exempted from customs duties, and free storage, exhibition, processing and manufacturing of goods are allowed in the port or zone to promote the development of regional economy and foreign trade. Free Trade Zones are divided into entrepot distribution type, export processing type, trade-industry combination with trade as the main type and bonded warehousing type according to their functions.