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Introduction to foreign trade slide show
   In Notes write down list of items you use
    everyday.
   Where are these items produced?
   The purchasing by Irish people of foreign
    goods and services is called Importing
     E.g. Ipods, Nokia Phones, Cars, Tropical Fruits
   The selling of Irish goods and services to
    other countries is called exporting.
     Eg Selling of Irish beef in the UK.
   Is between people in the same country who
    use the same currency and language.
     E.g Buying a Mycro helmet
   Is between people living in defferent
    countries, whose currency and language may
    be different.
     Eg The US and France
   Ireland has an open economy i.e. it needs to
    import and export goods and services.
    Foreign Trade is important because:
       1. Two out of every 3 manufacturing jobs relate to
          exporting
       2. Ireland exports over 70% of its production

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Introduction to foreign trade slide show

  • 2. In Notes write down list of items you use everyday. Where are these items produced?
  • 3. The purchasing by Irish people of foreign goods and services is called Importing E.g. Ipods, Nokia Phones, Cars, Tropical Fruits
  • 4. The selling of Irish goods and services to other countries is called exporting. Eg Selling of Irish beef in the UK.
  • 5. Is between people in the same country who use the same currency and language. E.g Buying a Mycro helmet
  • 6. Is between people living in defferent countries, whose currency and language may be different. Eg The US and France
  • 7. Ireland has an open economy i.e. it needs to import and export goods and services. Foreign Trade is important because: 1. Two out of every 3 manufacturing jobs relate to exporting 2. Ireland exports over 70% of its production