Export-import is a beneficial activity for the country and its citizens. This activity undoubtedly has aims, benefits, and consequences for the government that oversees it. The next section discusses the definitions of exports and imports, their destinations, the advantages of exports and imports, and their impact.
Export is defined as the business of selling domestic goods internationally. For instance, ginger plants are numerous in Indonesia. As a result, the ginger will be distributed globally to fulfill the world’s ginger consumption demands. Import is defined as the business of selling foreign items within a country. This is done to ensure that the country’s community’s requirements are addressed. For instance, Indonesia requires a large amount of wheat yet its geography is incapable of growing it.
We may assume from the exports and imports that this activity is a domestic and international buy and sale operation. However, while doing import business, two factors must be considered: quotas and tariffs imposed by trade legislation. Imported goods are often subject to importer-imposed tariffs. Following that, buyers who purchase imported items will be charged the tax once again. This is why imported items are extremely pricey. Additionally, the government imposes quotas on imported items.
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