For those who read on the news on nations of the world involvement in any international trade system on certain goods for some period of years, what would one first think of? Were there any challenges that these countries would have faced by taking part in the trade?

Foreign trade most a time leads to a trade imbalance, which in effect means that some countries are vulnerable and thus unable to contact trade with others on a “level field.” Some political activities have an effect on foreign trade. Some nations willingly decide not to do business with others due to their different political ideologies.

The best example is that of USA and Libya in 1988. Other challenges vary from lack of international uniformity in the weighing and measuring systems hence lack of standards and because it has to be covered this becomes a hindrance.

At times some barriers are actually artificial and self-inflicted the best example is that of an imposition on a ban of some products, quota systems and the imposition of license on particular goods. Businesspersons from certain countries, Africa more specifically, have a difficult in contacting their colleagues in other countries due to poor communications network and transport infrastructure.

This affects international trade a great deal. Lastly, religious and cultural practices differ among nations and these affects foreign trade a great deal.

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