Overview
Explain the meaning of foreign trade; List types of foreign trade; List qdvantages and disadvantages of foreign trade; State the barriers of foreign trade; Differentiate between; - export, - import and - entrepot; Differentiate between balance of trade and balance of payment; Similarities between foreign trade and home trade. Necessary documentation of foreign trade: mail transfer, documentary credit, letter of hypothecate, foreign bill of exchange, . travelers cheque, telegraphic transfer, etc. Functions of customs and exercise, Nigerian Export Promotion Council, Nigerian Airport Authority and Nigerian Ports Authority.
What you'll learn
- Meaning of foreign trade.
- Types of foreign trade:
- Bi-Iateral foreign trade.
- Multi-lateral trade.
- Advantages and disadvantages of foreign trade.
- Barriers to foreign trade.
- Division of foreign trade.
- Procedures for foreign trade.
- Balance of trade and balance of payment.
- Tariffs and reasons for the imposition of tariff.
- Tools for trade restriction and export promotion.
- Functions of Customs and Excise,
- Nigerian Export Promotion Council,
- Nigerian Airport Authority and
- Nigeria PortsAuthority.