Cross-border trade refers to the exchange of goods, services, or capital across international borders. In today's globalized economy, cross-border activities are becoming increasingly common, with businesses expanding their reach beyond domestic markets. Companies engaging in cross-border trade must navigate various regulatory, logistical, and cultural challenges to ensure smooth transactions. Additionally, the rise of e-commerce has made cross-border shopping more accessible to consumers worldwide. As a result, governments often implement trade agreements and tariffs to manage cross-border trade effectively. Overall, cross-border commerce plays a crucial role in connecting global markets and driving economic growth.
