Vol. 7, Issue 2, Part L (2025)

International trade which is the most form of economic growth comes with a lot of challenges for both importers and exporters. It is the human nature to seek growth economically, politically, globally etc. The International business process involves exchanging of goods and services between individuals or companies of different countries. In international trade takes maximum efforts, much risks and even more patience. The international business compared to local business has a lot of risks involved but people who are strong will are able to pull it off at last. It is a bit different and much complicated from local business involving different countries policy, communication barriers, currencies, laws and regulation, cultural barriers etc. Exports plays out an important role in a nation, it helps to increase a country's wealth. More of exports and less import makes a country stronger leading to a stable or an increase in the value of a countries currency. The international trade competition is not only limited to quality, quantity or price of a product but also involves credits. The export credit guarantee is a great form and method of promoting export. Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters. IT security threats and data-related risks, and the risk management strategies to alleviate them, have become a top priority for digitized companies. Every business and organization faces the risk of unexpected, harmful events that can cost the company money or cause it to permanently close. Risk management allows organizations to attempt to prepare for the unexpected by minimizing risks and extra costs before they happen. Imagine that an exporter takes undertakes a policy under ECGC, it will project the exporter from both political and commercial risks that may arise during the time of exportation.