Foreign Trade:

Foreign trade involves purchase and sale of goods between different countries. For example, trade carried on between kathmandu and Tokyo is foreign trade. Two countries are involved in foreign trade. It may be further subdivided into import, export and entreport trade. Import Trade implies purchase of goods from a foreign country. Export Trade on the other hand, implies sale of goods to other countries. Entreport Trade is only re-export. A country imports something not for own use but to export it to other countries is known as entreport trade.