What are the traditional ways of foreign trade?

Foreign trade, also known as "foreign trade" or "import and export trade", refers to the exchange of goods, services and technologies between one country (region) and another. This trade includes two parts: import and export. For countries (regions) that import goods or services, it is import; For countries (regions) that transport goods or services, it is export. This began to appear and develop in slave society and feudal society, and it developed more rapidly in capitalist society. Its nature and function are determined by different social systems. Foreign trade mode ● Reciprocal trade: The seller promises to buy goods or services with the same value from the buyer. ● Exhibition: hold and participate in various international expositions in China or trade fairs held abroad, and concentrate on import and export trade for a period of time.

● Processing trade: processing with supplied materials, assembling with supplied parts and processing with supplied samples, which is called "three supplies and one supplement".

● Compensation trade: We first import machinery, equipment and technology from abroad in the form of credit purchase, and then repay the loan principal and interest with our products and services after production. The combination of compensation trade and processing trade is usually called "three to one supplement".

● Technology trade: technology transfer and technology introduction.