Importing and Exporting

For centuries people have been conducting business transactions that extend beyond their own borders. More recently, the nature and intensity of competitive forces and other significant factors have strongly influenced many more businesses to take advantage of the benefits to be gained from trading in a global marketplace. As a result, over the last three decades, the growth rate in international trade has consistently outperformed the growth in world output, and trade has grown from US$200 billion to over US$13 trillion. In order to successfully take advantage of the numerous opportunities that international trade presents, participants need to acquire specific knowledge of the different elements that are unique to this area of business. Importing and Exporting helps you to identify the knowledge actually needed and introduces you to the practical information required in order for you to get started. This book will help you: Identify the players and their roles Understand and manage your risks Effectively source specialist assistance Comply with regulations Minimise your costs Understand the language Identify appropriate sources of supply Identify appropriate international markets Effectively utilise international transport services Identify further sources of information This information will serve as the foundation on which you can build your knowledge, which will become your most valuable risk management tool.

Table of Contents:
Importing and Exporting Become a global player Use the services of specialists Understand and use International Commercial Terms (Incoterms) Calculate your costs first Negotiate and clearly articulate terms and conditions Ensure your cargo is adequately covered by insurance Research and identify your best international market options Understand and adapt to your chosen export markets Take advantage of available export assistance Identify, evaluate and compare several sources of supply Evaluate imported product quality and standards before ordering Imported product quality management is essential Assess your foreign currency fluctuation risks Minimise your payment risks Understand, evaluate and utilise freight forwarders' services Choose the most suitable international transport mode Explore different sea freight services and costs Explore different airfreight services and costs Understand import/export documentation requirements Work closely with your customs broker Know of any restrictions that may apply to your products Expedite - be aware of the status of all of your shipments Develop and implement an efficient administrative system China - A wealth of opportunity Additional internet resources References and suggested further reading The McGraw-Hill Professional Education Series