Dissimilarities between Home Trade and Foreign Trade

Dissimilarities between Home Trade and Foreign Trade
Home Trade Foreign Trade
1. Done within national boundaries. Done across the globe.
2. Same currency is involved. Different currencies are involved.
3. Same units of measurements. Different units of measurement.
4. Same government policies. Different government policies.
5. No taxes are involved. Import/Export taxes are involved.
6. Simple Documents. Complex Documents.
7. Same culture and language Different culture and languages.
8. Mode of Payment is cash, cheque etc. Mode of payment is online transfer, bill of
exchange etc