What is foreign trade in SAP SD-FT - Foreign Trade?

SAP Term: foreign trade

• Component: SD-FT

• Component Name: Foreign Trade

• Description: The export and import of merchandise between customs territories. For example, goods traded internationally can include raw materials, finished and unfinished goods, animals, foodstuffs, mineral products, chemicals, works of art, computer software, and all manufactured articles and equipment.

Smart SAP Assistant

• Key Concepts: 
  Foreign trade is a term used to describe the international exchange of goods and services between countries. In SAP, foreign trade is managed by the SD-FT (Sales and Distribution - Foreign Trade) component. This component helps companies to manage their international trade activities, such as export and import processes, customs clearance, and other related activities. 
  
  How to use it: 
  The SD-FT component provides a range of features that help companies manage their foreign trade activities. These features include the ability to create and manage export and import documents, manage customs clearance processes, and track shipments. Additionally, the component provides tools for managing compliance with international trade regulations. 
  
  Tips & Tricks: 
  When using the SD-FT component, it is important to ensure that all documents are accurate and up-to-date. Additionally, it is important to ensure that all relevant regulations are being followed. 
  
  Related Information: 
  For more information on the SD-FT component, please refer to the SAP Help Portal or contact your local SAP representative.