Not every country is able to produce or manufacture all of their necessary items or goods. That is why Countries take help from each others. Countries trade goods in between them according to their need. It has many advantages and disadvantages.
Every year millions and billions amount of is being done in the world. If a country has excellence in a particular field of production or manufacturing, countries which is not capable of doing that or has less supply than the demand, then that demanding country buys that specific product or good in an enough qualityso that they can fill their demand. There are many disadvantages in this trading process. Firstly, It takes months to reach an shipment to reach its final destination, then it get unloaded, takes clearance, which takes another few months. Means it takes a huge time to complete just one trade. Secondly, if the selling product is available only on a specific country. The selling Government authority or the country dealer might ask an unfair price, because the buyer or the demanding side is in a critical situation. Furthermore, It is a very very risky procedure for both of the sides. These types of shipments generally goes through international sea areas. There are many risks such as, sea pirates, unpredictable natural calamities, technical failure and more.
The benefits outweighs the disadvantages on every extent. Also these disadvantages can be ignored with proper maintanence and monitoring. Firstly, If the path is chosen accurately the travel time can be reduced by a lot. Secondly, If proper communication and procedure is being followed buy both side, each side can be proffited by a handsome margine. Which solves the good’s price rate issue. Also, having an insurance, proper precautions, enough emergency training of stafs, enough guards and resources to defend, can reduce all the risk of that shipment.
Though it takes a hugetime, the biggest addavantage is that it fullfills public demand. It not only helps the economy of selling country but also maintains government’s commitment to its beloved country’s people.
To sum up, it can be reiterated that this transportation system’s advantages outweighs the disadvantages in every way. Its a great way of international business. Which affects both countries in a positive way.
