Trade mission - Wikipedia Trade mission For the diplomatic office sometimes referred to as a trade mission, see Trade office. Part of a series on World trade Policy Import Export Balance of trade Trade law Trade pact Trade bloc Trade creation Trade diversion Export orientation Import substitution Trade finance Trade facilitation Trade route Domestic trade Tax, tariff and trade Restrictions Trade barriers Tariffs Non-tariff barriers Import quotas Tariff - rate quotas Quota share Import licenses Customs duties Export subsidies Technical barriers Bribery Exchange rate controls Embargo Safeguards Countervailing duties Anti-dumping duties Voluntary export restraints History Mercantilism Protectionism Laissez - faire Free trade Economic nationalism Economic integration Organizations International Monetary Fund International Trade Centre World Trade Organization World Customs Organization Economic integration Preferential trading area Free trade area Customs union Single market Economic union Monetary union Fiscal union Customs and monetary union Economic and monetary union Issues Intellectual property rights Smuggling Competition policy Government procurement Outsourcing Globalization Fair trade Trade justice Emissions trading Trade sanctions War Currency Trade costs Customs Trade Trade and development Lists Imports Exports Tariffs Largest consumer markets Leading trade partners By country Trade mission Trading nation United States Argentina Pakistan Romania Vietnam India Theory Comparative advantage Competitive advantage Heckscher -- Ohlin model New trade theory Economic geography Intra-industry trade Gravity model of trade Ricardian trade theories Balassa -- Samuelson effect Linder hypothesis Leontief paradox Lerner symmetry theorem Terms of trade Trade mission is an international trip by government officials and businesspeople that is organized by agencies of national or provincial governments for purpose of exploring international business opportunities. Business people who attend trade missions are typically introduced both to important business contacts and to well - placed government officials. A trade mission is a way in which countries or organizations can seek out potential buyers and sellers. Trade missions will usually occur after one party has undergone significant market research. In short, trade mission is a trip that is designed to transport business executives into a foreign business environment to achieve International business relationship. Contents 1 Considerations 2 Controversy regarding Trade Mission 3 Canada 4 UK 5 See also 6 References Considerations Several factors are needed to be considered whenever a business executive is trying to join a trade mission. Clearly stating the goal of trade mission before the departure is important. Choosing the target industry and the participants is a crucial aspect. Executives have to analyze the costs and possible future benefits of trade mission. Careful evaluation of the agenda is required. Target audience should be decided upon actual trade mission. Controversy regarding trade mission Trade missions are supposed to be about developing trade opportunities. However, when government agency is involved, there is controversy regarding international politics being involved. Trade mission might not be conducted targeting particular industry or actual companies which wo n't be about developing international trade but international politics. Canada In Canada, trade missions which include both the federal and provincial governments working together ( perhaps also with cities and private businesses ) are called `` Team Canada Missions '' Uk UK sends British High commissions to India for trade missions. UK 's continuous efforts with India in having trade missions in both countries have brought huge economic benefits. See also Globalization International trade International business International politics References Jump up ^ http://going-global.com/articles/understanding_trade_missions.htm Jump up ^ https://storify.com/ukinindia Jump up ^ https://www.gov.uk/government/world/india This international trade related article is a stub. You can help Wikipedia by expanding it. Retrieved from `` https://en.wikipedia.org/w/index.php?title=Trade_mission&oldid=839430698 '' Categories : International trade Diplomatic conferences Types of diplomacy International trade stubs Talk Contents About Wikipedia Add links This page was last edited on 3 May 2018, at 11 : 17 ( UTC ). About Wikipedia

Question: what is the objective of a trade mission
Answer: exploring international business opportunities