According to John D. Daniels and Lee H. Rade baugh, "International business is all business  transactions-private and governmental- that involve two or more countries".

1. Salt Route - India to Egypt
2. Silk Route - China to India
3. Spice Route - India to Europe.

(i) International business makes countries across the world become interdependent while they are independent in their functioning.
(ii) This facilitates the exchange of culture ideas and mutual understanding. It develops and strengthening cultural and social relations among the people of different countries. All these collectively contribute to maintain internal peace.

(i) Certain countries or some geographical areas of a certain country specialise in the production of goods and services due to some natural advantages like abundant availability of skilled labour, favourable climatic conditions, availability of natural resources, technical known-how, etc.
(ii) For Example: In India, Coimbatore specialises in cotton textiles and producing textiles and machinery. Tripur specialises in manufacturing hosiery products. This specialisation paves the way for large scale production of specialised items

The following are the special feature of Entrepot Trade.
(i) Import duty is not levied on such goods
(ii) These goods are reprocessed and repacked for re-export.
(iii) Such goods are kept in the bounded warehouse till they are re-exported.