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Ritsumeikan Asia pacific university | A comparison of Asian and European logistic systems Comparison of Asian and European Logistic Systems |
| Omar Sheriff (52111617) – Special Studies (International Trade and Logistics) |
International trade means that business is transacted between vendors between and customers located in different countries with their respective differences in law. It is the process of exchange of capital, goods and service across international borders or territories. To conduct international trade global logistics have been playing a key role as globalization has taken center stage in the global context increasing bilateral and multi-lateral trade over the years. The evolution of trade, the world merchandise exports by region, and the current bilateral trade relationships between the regions have been depicted in figure 1. It is clear to see that European Union has been an active member of global logistics. In fact since 1980 merchandise exports have been on the rise, keen to note that Europe was the largest inheritor of merchandise exports during the 1990-2009 period whilst also Asia and Europe such destinations saw the rise of China, United States, Singapore and many European & Asian countries among the largest air and sea freight bilateral trade pairs in 2009. It is evident that for global logistics to occur international transportation mediums such as Land, Sea, Air or other related integrated mediums are integral for commercial success globally. More goods need to be delivered at the right time, place and as per varying customer requirements globally. As Wang suggests that majority of global trade especially in blocs like North America occur in air and sea transportation. furthermore he suggest “At the same time, seaports, airports and railroad terminals are also paying the crucial roles in facilitating the smooth operation and transportation of globally trade cargoes”.
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