During the past week, the world has witnessed a series of events that influenced the various sectors of the growing global economy. On one hand, some events promised more developments and expansion not only in the international trade but also in specific countries. On the other hand, some occurrences may negatively impact or alter certain aspects of world trade including the economy of the country specifically involved.

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According to CIA, Americans have led the world in consumption this past year, and China took the largest trade surplus. This does not reflect positively for the American economic machine. Nations frequently become powerful via growing exports, not excessive expenditure. The statistics imply a slow down of American economy via little exports coupled with heavy borrowing.

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Undersea cable accident like the one which hit recently in the optical fiber submarine communication system of SEA-ME-WE 4 can bring international trade to its knees. That is because today businesses around the world by and large make use of the services of Business to Business (B2B) portals. Any disruption due to cable snaps or anything of that nature would inflict colossal damage to international trade and thereby would trigger a price rise in exim commodities. B2Bs are known as the state of the art vehicle global business and it is run by internet services. B2B portals being an online entity provide international trade services at greater speed and cost effectiveness.

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