1.0 International Trade and Legal Issues International trade can be described as a combination of activities conducted by either individual, corporate entities, or the government in pursuit to exchange goods and services with other countries internationally or across territories. However, for this trade to be conducted smoothly, states put in place regulatory rules and legal directives that help to control such engagements. These regulations are determined by the type of commodity to control and the nature of procedures followed in the entire business process. Importantly, these rules help the government to either prevent the entry of illegal and counterfeit ...
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