Getting Started in International Trade
<strong>Getting Started in International Trade</strong>
This guide will help you to take the first steps in the export process and exploit the opportunities of international trading. In a simple checklist format, it provides important information about developing an export strategy, the business issues you need to consider and where to go for help.
You should read it if you are a company, especially an SME (small to medium sized enterprise) that is looking to expand your business or searching for new markets
Most enterprises go through a well defined and recognised business cycle that starts with building a presence in the marketplace, through developing products (or services) and a customer base to establishing a robust, sustainable domestic market. When you reach the final stage of business development you may be thinking about setting your horizons further afield. When this happens you could be ready for your first venture into the global marketplace.
<strong>Introduction</strong>
International trade is more complex than domestic trade for two reasons. Firstly, the number of parties involved is greater. These include Customs and other government authorities, banks and financial services, insurers, export services providers and international carriers as well as you and your customer. Secondly, the distances involved, differences in business practices, culture, language and currency complicate the process and require you to provide accurate and complete information at the right time to the right person. Getting both the information flows and export administration process right the first time has four benefits:
* speedy delivery of goods
* quicker payment
* reduced costs
* satisfied customers
Tags
medium sized enterprise checklist format government authorities export strategy global marketplace international carriers export services first venture information flows developing products speedy delivery business cycle export administration services providers business issues first steps international trade customer base right time business practices
This guide will help you to take the first steps in the export process and exploit the opportunities of international trading. In a simple checklist format, it provides important information about developing an export strategy, the business issues you need to consider and where to go for help.
You should read it if you are a company, especially an SME (small to medium sized enterprise) that is looking to expand your business or searching for new markets
Most enterprises go through a well defined and recognised business cycle that starts with building a presence in the marketplace, through developing products (or services) and a customer base to establishing a robust, sustainable domestic market. When you reach the final stage of business development you may be thinking about setting your horizons further afield. When this happens you could be ready for your first venture into the global marketplace.
<strong>Introduction</strong>
International trade is more complex than domestic trade for two reasons. Firstly, the number of parties involved is greater. These include Customs and other government authorities, banks and financial services, insurers, export services providers and international carriers as well as you and your customer. Secondly, the distances involved, differences in business practices, culture, language and currency complicate the process and require you to provide accurate and complete information at the right time to the right person. Getting both the information flows and export administration process right the first time has four benefits:
* speedy delivery of goods
* quicker payment
* reduced costs
* satisfied customers
Tags
medium sized enterprise checklist format government authorities export strategy global marketplace international carriers export services first venture information flows developing products speedy delivery business cycle export administration services providers business issues first steps international trade customer base right time business practices
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