Reciprocal buying is a practice where a seller of a product or service also purchases another product or service from one of their customers, creating a mutually beneficial relationship.
Trading blocs are agreements between multiple countries that aim to make trade easier and more beneficial for member nations while typically imposing trade barriers on non-members.
The World Trade Organization (WTO) is a global international organization dedicated to facilitating and expediting trade between nations. Headquartered in Geneva, Switzerland, it has approximately 150 member countries. The WTO encourages international trade, sets rules for trade, and resolves disputes between member countries concerning international trade.
The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade, ensuring that trade flows as smoothly, predictably, and freely as possible.
