Exporting and Trading info

WHY GET INTO TRADE Three reasons exist for people to get into the trade game: 1. Imports: Everyone is buying foreign—it's in vogue. Imports are bringing big profits. 2. Exports: Some experts acknowledge that exports have been out of balance but they say that the tide has turned. These people believe that now is the time to make profits in exports. 3. Global Community: Americans are awakening to realize that the world is interdependent. People of each nation rely on people of other nations to exchange goods, services, and ideas. How Do You Take Advantage of These Opportunies? If Whalen is right, and international trade is a game with constantly changing rules, there will be surpluses in the future, just as before. Seen as a game, you, the participant in international trade, must do business within today's rules. In order to win the game, you must first understand the basics as presented in this book. Only then, with equal ingenuity as the governing elites, can you em...

GLOBAL CHANGES The General Agreement on Tariff and Trade, a supra-international body, has entered into a complex period called the Uraguay Round, with the goal to change trade rules and reduce trade barriers by multilateral and bilateral negotiations. The result will be new markets worldwide. The total volume of international trade will grow even more. Things are happening! As a result of all the changes, many American businesses are making big profits in international trade. Millions of others are asking, "Is the time right for me to get into the import /export game?" To answer this question, let's look at the history of United States international trade. Our ex-colonial forefathers were in a trade deficit during most of the nation's early years. In fact, it wasn't until the 1880's that the balances became positive. Fifty years later, during the Great Depression, the balances shifted back to large deficits. Following WWII, America had unprecedented surp...

INTERNATIONAL TRADE Exports are the goods and services sold by individuals or Millions. Imports are the goods and services purchased. By these methods, products valued at more than 2 trillion United States 11( >i lars are exchanged worldwide each year. By the mid-80's the I Inited States alone exchanged more than $600 billion in two-way trade, and sales volumes are increasing every year. When we, as consumers, enjoy fresh flowers from Latin America, tropical fruits in the middle of winter, or a foreign car, we are participants in, and beneficiaries of, international trade. We are living in the age of global interdependence—a time of increasing expectations brought about by the worldwide distribution of Hollywood movies, New York and London television, and speedy transportation systems. People all over the world want the same luxuries and standards of every other place. They see things and, naturally, they want them. Richard Whalen of the Center for Strategic and Internation...