Foreign Commerce: Commerce is a activity which provides to reach product and services to end user for a certain sum of Money. Commerce goes into division internal and external.
External Commerce is concerned gliding of products and fund out of national borders. External commerce actualizes with import and export. External Commerce places important area for developing country economy. That’s way the main objective is that to increse the export and reduce the import in countries. The decisions which counties would like to reach the objectives constitute the policy of external commerce.
The factors that can effect the external commerce; prohibitions, impost, commerce contracts, premiums, subsidies and administrative protectionism. Prohibitions are subjected to import and export prohibitions with transit prohibitions. Impost is tripartite; export, import and transit commerce.