What are main intermediaries in international trade?
International trade can have all the intermediaries present in domestic trade. This includes the chain of distributors, wholesalers, and retailers. In addition they have some other intermediaries also, which are not required in domestic trade. These include, direct importers, import agents, direct exporters, export agents, and clearing and forwarding agents.
Direct importers:They purchase material from foreign markets an import in the home country.
Import agents:They are like direct importers, but the do not import themselves. They possess knowledge of the overseas foreign markets from where merchandise is to be imported and they sell this knowledge and expertise to their clients for importing.
Direct exporters:They purchase merchandise in home country and export it to other countries.
Export agents: hey are like direct exporters, but the do not export themselves. They possess knowledge of the overseas foreign markets where merchandise is to be exported and they sell this knowledge and expertise to their clients for exporting.
Clearing and forwarding (C&F) agents:They specialize in arranging overseas transportation and handling the various formalities of import and export procedures including payment of duties.