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Fast Fact: Trade

Trade means buying and selling things between countries. Trade has always been a way that countries can get things that they don’t have or can’t make themselves. It is also a way for businesses to grow and find more customers beyond the people in their own country.

Container ship CSCL Venus of the China Shipping Line outgoing Hamburg in April 2014
Trade is so common that it affects every part of our lives.
Many things we use every day come from other countries.
This picture shows a ship with Chinese products in Germany.
(Source: Hummelhummel, via Wikimedia Commons.)

These days it is easy and cheap to move things between countries. Trade has become so common that it affects every part of our lives. If you look at the things in your house – clothes, toys, electronics, food – you will probably find that many of them came from other countries. Many items, such as phones, cars, and other machines, are made of smaller pieces which were created in different parts of the world. All of this depends on trade.

To make trade easier, most countries have trade deals with other countries. These agreements make it easier, and usually cheaper, to buy and sell things between the countries.



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