International trade plays an important role in the global economy, with many countries relying on exports and imports to meet domestic market needs and promote economic growth. Currently, there are several significant recent developments in international trade that are attracting attention. First, the digitalization of trade is becoming increasingly dominant. The use of e-commerce and digital platforms allows SMEs (Small and Medium Enterprises) to reach international markets without requiring large costs. For example, platforms like Alibaba and Amazon provide small sellers with access to market their products globally, as well as leverage analytical tools to understand consumer trends in different countries. Second, shifts in global supply chains are also a major focus. Many large companies are adopting a “nearshoring” model to move production closer to their primary markets to reduce risks arising from political and economic uncertainty. As a result, countries such as Mexico and Vietnam have benefited from the diversion of investment by large companies that previously operated in China. Furthermore, sustainability issues are becoming a concern in international trade. Many countries and companies are now adopting sustainable and environmentally friendly trading practices. For example, the European Union established a Green Deal policy that promotes products that meet certain environmental standards. This encourages partner countries to follow the same standards in order to remain competitive in the global market. In addition, trade conflicts between major countries, especially between the United States and China, continue to influence the dynamics of international trade. Import tariffs and protectionist policies can change the flow of goods and investment between countries, creating uncertainty that affects business decisions. Companies must be more adaptive in responding to changing policies. The existence of free trade agreements also continues to grow. For example, RCEP (Regional Comprehensive Economic Partnership), which involves Asia-Pacific countries, is the largest trade agreement in the world and has the potential to open new markets and reduce tariffs between members. With this agreement, member countries can increase exports and facilitate economic growth. Lastly, technological developments such as blockchain and AI (artificial intelligence) are revolutionizing the way transactions and supply chains are managed. Blockchain provides security and transparency in product and transaction tracking, while AI can help with market analysis and demand prediction. This solution helps companies increase efficiency and reduce costs. With all these developments, international trade continues to adapt and evolve. Commitment to innovation, collaboration and applying sustainability principles is the key to facing challenges and exploiting opportunities in an era of ever-changing globalization.
