Why international trade is so important?

2001, Doha. China officially entered the WTO and became one of the most important members of it. Since then, international trade has become a controversial topic among the people in the world.

People in the developed countries complain that outsourcing made them lost their jobs since China opened it’s gate and companies in their own countries flooded into China. But Chinese people complain too many foreign investments contaminated their environment and caused a collision in their lives. But despite all these facts, China had a boost in it’s own economy and also made a great contribution to the world’s economic growth.

International trade brings new resource and new idea to countries to help them improve their capacity as well as solving the surplus for their capacity.  International trade has the complementarity, where trading partners can get what they need and make profits for each other.

In the packaging field, it’s clear to see that certain machinery like coil wrapping machine, horizontal wrapper, coiling and packing line are only have manufacturers in China, Italy and few other countries. But countries all over the world have their demand for these machinery. So, if there is no international trade or have trade barriers like trade embargo, how do the other countries get this work down. Some people might want to say they can have their own manufacturers, it’s not that high-tech. Serious, do you think so. Without the experience and stable market to support them, will they last long and who is gonna pay for that.

Today, due to various reasons, outsourcing has become a phenomenon among Chinese companies and complaints came as well, but China will still open to the world and the trade is still rising up.

 

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