International Trade (Part – IV)

The percentage of invisible trade has been increasing in recent years, across the globe. A country's invisible trade needs to be accounted for while calculating the total balance of trade.
Invisible trade is one type of Invisibles, which include payments made for services. However, Invisibles could also include remittances, transfer payments, and foreign aid and relief made between individuals, businesses, government, or non-governmental organisations (NGOs

• In the past, entrepots enabled merchants to utilize part of a trade route to sell their goods without having to bear the risks and costs associated with long-distance travel over the entire route.
• The use of trade entrepôts has become largely obsolete as fast, efficient, and safe transportation options have become increasingly cost-effective.
• Nevertheless, entrepôts trade still occurs sometimes among Asian markets such as Hong Kong or Singapore.