Trade has been in existence since time immemorial. Long before the advent of organized systems of governance, people exchanged goods and services for other goods and services. It is thus interesting to note that trade did not commence with the advent of money. Trade is defined as buying and selling of goods and services. There are different forms of trade which include among others; national trade, local trade and international trade. National and local trade is carried within the borders of a country whereas international trade is the exchange of goods and services between countries. International trade as such is the most dominant form of the trade when compared to the other forms of trade.

The universal exchange of goods and services among various nations is not a new idea. History proposes that in the past there were a few examples of global exchange. Brokers used to transport silk, and flavors through the Silk Route in the fourteenth and fifteenth century. In the 1700s quick cruising ships called Clippers, with an extraordinary team, used to transport tea from China, and flavors from Dutch East Indies to various European nations.  

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