Final answer:
An export broker receives a fee to connect an exporter with a buyer in a different country, facilitating international trade transactions without owning the goods.
Step-by-step explanation:
The individual or entity that receives a fee for bringing together an exporter and a buyer in another country is known as an export broker. An export broker acts as an intermediary, facilitating the sale of goods between exporters and overseas buyers. Unlike export merchants, who purchase goods and sell them overseas on their own account, or an export management company that manages export operations for a domestic company, an export broker simply arranges the transaction for a commission without taking title to the goods.
A foreign purchasing agent works on behalf of an importer to find goods abroad, while a freight forwarder specializes in arranging the shipment of goods, not in facilitating the trade deal itself. The role of the export broker is thus distinct in the international trade process.
International trade can allow small economies to capitalize on economies of scale due to the larger market access, while competition and the variety of goods available from different producers can enhance consumer welfare. This dynamic contributes to the complex web of international market activities in which export brokers operate.