Question: A. Explain the following based on Supply Chain Management: 1. Importance of International Trade 2. Balance of Payments Trade Surplus/Deficit 3. Free Trade Agreements (FTA)

A. Explain the following based on Supply Chain Management: 1. Importance of International Trade 2. Balance of Payments Trade Surplus/Deficit 3. Free Trade Agreements (FTA) 4. Free Trade Zones 5. Trade Barriers Tariffs, Non-Tariff Barriers Quotas, Subsidies, Embargo.. Each answer should be of two paragraph

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