global trade

Definition

The worldwide business that involves making and collecting payments for transactions in goods and services, and transporting them to interested markets. The overall reduction of global trade barriers and the ease of advertising to foreign markets via the Internet have increased the potential for a company doing business outside one's home country.

Use global trade in a sentence

  • Without global trade the world would have a lot less ways to get products and goods to the whole world and keeps people working.

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  • The global trade committee was consulted by the man and they all came to an agreement that was good and efficient.

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  • You should strive to be in the global trade market so that you can have as many new customers as you can.

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