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Trading began as early as 1st century between Romans and Indians. India was known for its resources and structures. Trading at those times took place with the help of camels. Raw materials like spices; coffee and silk were exchanged between people. The Egyptians were known for carrying out vast amount of trading activities with the Arabians. Before, Romans Greeks too carried out trading activities with India.
Berencie and Myos Hormos turned to become prominent places during this century. Most of the trading happened at these ports. During the middle era too, substantial amount of trading activities were carried out. Aden, Siraf, Damietta and Alexandria were used by Abbasids for trading purposes. These ports also achieved prominence as they found easy routes from here to enter China and India. The greatest seaport used at that time was Guangzhou but it soon got replaced by Quanzhou. Later on Portuguese, Turkish and Dutch came into picture. The East India Company was formed and it was known for carrying most of the trading activities all through the initial years of the modern period. Japan soon entered the scene. It began with introducing a system whereby piracy was detected.
The East India Company enjoyed their monopoly till 1799 after which they turned bankrupt mainly because of introduction of the free trade movement. The FTA between France and Britain came into picture at 1860 soon after the death of Great Napoleon – The Third. The Nuclear Suppliers Group was started in the year 1974 which enabled the free trading of nuclear technology and goods. As of now we have the NAFTA and WTO which enables smooth flow of goods and services.
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