DISCUSSION POINTS FOR EXPORTERS

To enter a foreign market successfully, your company may have to modify its product to conform to government regulations, geographic and climatic conditions, buyer preferences or standards of living. Your company may also need to modify its product to facilitate shipment or compensate for possible differences in engineering and design standards. Foreign government product regulations […]

NON-TARIFF MEASURES

The definition of NTMs encompasses all measures altering the conditions of international trade, including policies and regulations that restrict trade and those that facilitate it. NTMs are often incorrectly referred to as non-tariff barriers (NTBs). The difference is that NTMs comprise a wider set of measures than NTBs, which are now generally intended only as […]

IDENTIFYING PROSPECTIVE EXPORT PRODUCTS

In order to decide on a target product to export, parameters such as production/manufacturing capacity, per unit cost of production, cost comparison with competitors, tariff rates, if existing FTA, and Non-Tariff barriers needs to be compared. Example of two such products are given below 1. Product – 02023000 – Frozen boneless meat of bovine animal […]

REGIONAL TRADE AGREEMENTS IN INTERNATIONAL BUSINESS

There exist different choices of instruments to alter the quantum of trade and trade direction such as export subsidies, tariffs, non-tariff barriers viz import licensing, quota shares, product specific quotas, labeling condition, product standards etc. Regional Trade Agreement (RTA) is another type of instrument to influence trade pattern of an economy. According to WTO Regional […]

BASIC STEPS TO EXPORT

BASIC STEPS TO EXPORT

A vital success factor in initiating any export company is clear understanding and detail information & knowledge of products to be exported. In order to be a successful in exporting one must fully understand its foreign market and do proper research rather than try to tackle every market in a single basket. Overseas design and […]

INTRODUCTION

Trade is essentially an international transformation of commodities, inputs and technology which promotes welfare in two ways. It extends the market of a country’s output beyond national frontiers and may ensure better prices through exports. Through imports, it makes available commodities, inputs and technology which are either not available or are available only at higher […]