Insurance Mechanisms in Foreign Trade: Mitigating Risk and Facilitating Global Commerce

Sohibjamol Abirkulova

GREEN ECONOMY AND DEVELOPMENT, 2024, vol. 2, issue 7

Abstract: Foreign trade, a cornerstone of global economic activity, is inherently fraught with risks. From political instabilityand currency fluctuations to unforeseen natural disasters and contract breaches, a multitude of uncertainties candisrupt supply chains, derail transactions, and cause substantial financial losses. This article explores the crucial role ofinsurance mechanisms in mitigating these risks, enabling smoother international trade, and fostering economic growth.

Keywords: insurance; compensation; the international trade; supply chains; export; import; risk; foreign trade. (search for similar items in EconPapers)
Date: 2024
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