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International Trade
Distinguish between ports and harbours. Why are sea ports known as gateways of international trade? Explain.
Port: Is the entire area on the sea coast with dock facility for loading and unloading of cargo. It includes administrative blocks, ware houses, custom office and transport facilities etc.
Harbour: is partially enclosed part of the sea coast providing shelter to the ships. It can be natural or manmade e.g. creek, estuary, or sea inlet.
Port as gateways of international Trade:
(i) Ports handle cargo and passenger traffic
(ii) Ports are handling large volumes of domestic as well as overseas trade.
(iii) Port provides a corridor between its hinterland and the rest of the world for international trade.
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Most of the world’s great ports are classified as:
Which one of the following continents has the maximum flow of global trade?
Which one of the following South American nation, is a part of OPEC?
In which of the following trade blocs is India an associate member?
What is the basic function of the World Trade Organisation?
Why is it deterimental for a nation to have negative balance of payments?
What benefits do nations get by forming trading blocs?
How are ports helpful for trade? Give a classification of ports on the basis of their location.
How do nations gain from international trade?
What are out ports? Define with examples.
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