Cross-border trade refers to the buying and selling of goods and services between businesses across different countries and regions. Also known as Cross Border Trading (CBT), this concept encompasses not only physical products but also digital offerings.
By engaging in cross-border trade, businesses can expand their reach beyond local markets and tap into the vast opportunities presented by the global marketplace.
What is Cross-Border Trade?
Cross-border trade involves the international exchange of services and products. It allows businesses to conduct their operations outside their national borders.
CBT enables both large corporations and small enterprises to engage in international commerce, fostering a diverse customer base and increasing sales potential. By diversifying their markets, businesses can become more resilient to economic fluctuations, reducing risks while enhancing revenue streams.
