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IMPORTANCE OF INTERNATIONAL TRADE Make maximum use of raw materials Some countries have natural raw materials, such as oil (Qatar), metals (Iceland), fish (Iceland), diamonds (Congo), and butter (Iceland) (New Zealand). These countries would not benefit from the natural contributions of raw materials if a trade did not exist. Eli Hawker and Bertil Oll created the theoretical model. Countries associated with the Hecksher-Ohlin Model (H-O Model) have said that they will prioritize the manufacture and export of goods utilizing multiple local component settlements. Countries with a scarcity of resources will import. Advantage in comparison According to the principle of comparative achievement, countries with distinctive benefit costs must have special competence. Although a country may be able to produce two goods at a low cost, this does not imply that it should produce everything. With lower labour costs, India can create relatively better jobs (e.g. call centers, garment manufacturing).