The importance of international relationships when trading

It is a proven economic fact that nations enrich themselves both collectively and individually by engaging in international trade. This often means a country trading with those with an opposing political ethos, and in these circumstances international relationships remain very important, especially if prosperity is to be maintained.

Nations must be prepared to overcome differences if international trade is to prosper. The benefits of free international trade are manifold. Not only can you enjoy products that your own country cannot provide but it leads down the road to investment as companies from abroad invest and create further prosperity. International trade also gives nations access to those resources that are scarce at home. All of this is of advantage both to you as a consumer and you the businessman.

The importance of continuing to grow international trade is exemplified by the European Union. In effect, a trading bloc of 28 nations across Europe, the EU still seeks to expand its international trade outside its borders.

While you as an individual will only do business with someone you trust, the same applies to countries seeking to trade with other nations. Some have good relations with others and have been trading with them for decades, if not longer. With some, relations are more fraught. This is where the importance of international relationships when trading is paramount. In short, just as you may need to build up a relationship with another individual, the same applies to countries where hitherto relations have been strained.

The breaking down of barriers between nations where relations are frosty has to be worked on. Often this involves ministerial visits between the two countries. This can be followed up by cultural visits as the two countries warm to each other. The ultimate aim will be to see the two countries signing a formal trade agreement.

The key to developing international trade and improving international relationships between countries is to build alliances. A good example of this is the Azerbaijan-American Alliance founded by Anar Mammadov. Take a look at Anar Mammadov on Twitter to view the various initiatives he has introduced. This has been vital for his home nation of Azerbaijan, a former Soviet state, which as a new independent nation has had to build its own reputation and develop relationships abroad as well as build its international trade.

The importance of international relationships has been crucial in the Anar Mammadov success story. A successful businessman on the international stage, he is from a prominent Azeri family and was educated in the UK. He is prolific in promoting his home nation’s history and culture and its business environment and has discovered the best way to do that is to build relations with countries abroad.

Whatever your views on individual countries, it cannot be denied that international trade benefits all. Often it means having to remove those blocks that stop countries trading freely, and that highlights the importance of international relationships, especially when it comes to trading between nations. The example set by Anar Mammadov is testament to this.

Leave a Reply