Sourcing companies play a crucial role in international trade by connecting buyers and suppliers from different countries. They help businesses to source products or raw materials from overseas markets, where the cost of production or procurement may be lower, and sell them in their domestic or other markets.

The following are some of the key responsibilities and functions of sourcing companies in international trade:

1. Market research: Sourcing companies conduct market research to identify potential suppliers, product specifications, and pricing information. They also assess the quality of products, the reliability of suppliers, and the availability of raw materials.
2. Negotiations: Sourcing companies negotiate with suppliers on behalf of buyers to secure favorable prices, payment terms, and delivery schedules. They also ensure that suppliers meet the quality standards and specifications required by the buyers.
3. Logistics management: Sourcing companies manage the logistics of international trade, including customs clearance, transportation, and insurance. They ensure that products are delivered to the buyers on time and in good condition.
4. Quality control: Sourcing companies monitor the quality of products during production and before shipment. They conduct inspections, tests, and audits to ensure that products meet the required standards.
5. Risk management: Sourcing companies mitigate the risks associated with international trade, such as currency fluctuations, shipping delays, and trade barriers. They help buyers to manage these risks and ensure that their business operations are not impacted.

In conclusion, sourcing companies play a vital role in facilitating international trade by connecting buyers and suppliers, managing the logistics of trade, and mitigating the risks associated with international trade. They help businesses to access new markets, source products from overseas, and reduce costs, thereby increasing their competitiveness and profitability.