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International Trade and Logistics: Benefits and Challenges for Australia

   

Added on  2022-11-13

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INTERNATI
ONAL
TRADE AND
LOGISTICSA P R E S E N T A T I O N B Y :
International Trade and Logistics: Benefits and Challenges for Australia_1

INTRODUCTION
Balance of trade determines a country’s fortunes on the international
markets.
Exports need to exceed imports in order to ensure a positive prosperity for
a country.
Cheap goods can be sold in bulk, or high value goods can be traded on the
international market by the said country.
Forex earnings from international trade can help the country meet its
internal commodity deficits.
International Trade and Logistics: Benefits and Challenges for Australia_2

PROFILE
I am an international trader from the continent of Australia.
The items of trade are aluminum, wool and coal
My intentions in the market are to sell of all that I have and purchase a wide range of
commodities for resale to customers back at home.
I commence trading with 5 and 100 metric tons of aluminum and coal respectively, and
800kg of wool. The amount of money at my disposal is $ 8,000.
I manage to raise my account to $34000 by selling all the items
Then I manage to purchase goods from all the other continents except cotton in Africa where
I am restricted by being informed that there are trade restrictions between our countries.
After buying a considerable amount of goods, I am able to remain with $25,000.
International Trade and Logistics: Benefits and Challenges for Australia_3

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