International commerce is the exchange of goods and services between countries

through export (sale) and import (purchase). The reality of trade activities between
countries in the world today has shown the trend of global trade liberalization and
the increasingly important role of international trade in the growth of the
economies of these countries. Personally, I agree that doing business
internationally carries more risks as it is likely for businesses to come across
unknown obstacles.
On the one hand, businesses engaged in global trade have to deal with not only
their local business risks, but also a number of global business development risks
associated with currency, credit, intellectual property, transportation, ethics and
more. Foreign exchange risk usually concerns accounts receivable and payable for
contracts that are or soon will be in force. Foreign exchange rates are constantly in
flux, so businesses can be forced to convert funds generated abroad at lower rates
than they budgeted. Credit or counterparty risk is the risk of not collecting an
account receivable. Intellectual property risk is the risk that third parties may make
unauthorized use of the business's strategic information (studies, research,
agreements and contracts, client list, trade secrets, etc.) or property that directly or
indirectly affects the value of the business's products or services (patents, designs,
trademarks, know-how, etc.). When doing business internationally, these risks
increase tenfold because of the difficulty of remotely defending the business's
rights to this property. Whether shipping goods locally or abroad, you face risks
such as breakage, loss, theft, vandalism, accident, seizure and contamination.
Maintaining high ethical standards and being a good citizen can be a challenge in
any market. Operating in global markets can lead some businesses to question their
values. They must be especially vigilant because customs and social conditions
vary from country to country. Make sure that your foreign partners and suppliers
adhere to your ethics rules and values wherever they operate.
On the other hand, if firms can handle the above limitations well, international
business would bring back a lot of benefits. For example, it helps in improving
profits of the organizations by selling products in the nations where costs are high;
helps the organization in utilizing their surplus resources and increasing
profitability of their activities and also helps firms in enhancing their development
prospects; enhances business vision as it makes firms more aggressive, and
diversified.