In today’s interconnected world, international business transactions form the backbone of the global economy. They encompass a wide range of cross-border activities that enable the flow of goods, services, capital, and technology. The scope of these transactions is broad and dynamic, reflecting the evolving nature of global trade and investment. Let’s explore the key dimensions of international business transactions and their increasing importance in the modern economy. Trade in Goods and Services At the core of international business transactions is the exchange of goods and services between countries. From automobiles and electronics to consulting services and software, international trade facilitates access to markets, resources, and expertise. Multilateral agreements and trade organizations like the World Trade Organization (WTO) have played a pivotal role in promoting free and fair trade, reducing tariffs, and resolving disputes. Foreign Direct Investment (FDI) FDI represents...