The Trade Areas

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What are the different types of the trade areas?

In terms of the geographical spread, the trade areas may broadly be classified into following two main categories:

1.  The Intra-national trade area

2.  The International trade area

The word "Intra" means "within" and the word "Inter" means "between or amongst". Therefore, the intra-national trade area includes the trade areas existing within a given nation-State and the international trade area includes the trade areas formed by two or more number of nation-States.

These can further be subdivided as under:

1. The Intra-national Trade Area:

(A) The Local

(B) The Regional

(C) The National

2. The International Trade Area:

(A)  The Bilateral Trade Area:

This is formed by the trade areas of any given two nation-States. This can further be subdivided as follows:

i.   The Local

ii.  The Regional

iii. The Global 

•1.  The Local:

This is formed by two adjacent nation-States, i.e., Bangladesh and India. 

•2.  The Regional:

This is formed by two nation-States not located in juxtaposition with each other. Rather, these nation-States are located far away from each other. Still, these nation-States give the impression of being located in a relatively contiguous geographical region, i.e., Bangladesh and Pakistan.                        

•3.  The Global:

This is formed by two nation-States located distinctly in the   perceptibly different geographical entities, i.e., Japan and India or India and USA. 

(B)  The Multilateral Trade Area:

This is formed by a combination of trade areas of more than two nation-States .This can further be subdivided as follows:

i.   The Local

ii.  The Regional

iii. The Global

•1.  The Local:

This is formed by more than two nation-States located in immediate vicinity to each other, i.e., India, Bhutan and Nepal.

•2.  The Regional:

                            This is formed by more than two nation-States not located in immediate vicinity to each other. Although these nation-States are located far away from each other yet these give the impression of being located in a clear cut and well defined geographical region, i.e., Nepal, Bangladesh and Sri Lanka.

•3.  The Global:

                         This is formed by more than two nation-States located in two or more than two distinct geographical regions, i.e., India, USA and Japan or USA, UK and Japan.

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