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01/08/2014
Companies entering new markets might face problems or increased costs because of the business environment and the way in which companies operate. For example, marketing services might be prohibitively expensive. The banking system might be undeveloped, and certain payment mechanisms may be unavailable. Letters of credit might be unreliable or difficult to obtain.
29/07/2014
In 2013, Samar decided to get involved in the FITTskills training program that was being offered in Baghdad through USAID and the Central Bank of Iraq’s Banking Studies Center to help develop her global trade career.
28/07/2014
Many Far East Asian countries are still developing their economies, expanding their supply chains, diversifying their sectors, and building their capabilities and core competencies.
25/07/2014
Mongolia is looking to capitalize on its unique culture and attractive scenery in a bid to open the world’s eyes to many of its strengths as a place to visit and do business.
23/07/2014
Zeeshanali Fazal is an Underwriter and Advisor of Financial Guarantees at Export Development Canada (EDC) in Montreal, Quebec. He was born in Kinshasa in the Democratic Republic of Congo, where he spent his childhood. Zeeshanali moved to Pakistan in the early 1990s, and by the late 1990s he moved to Canada where he completed his high school, CEGEP and university education in finance.
22/07/2014
If you’re looking for a good place to break into international trade, exporting into the U.S. can be an excellent choice. With a population of over 300 million people and a 20 percent share of the global economy, it’s the richest market on earth, and it’s right on Canada’s doorstep.
21/07/2014
Break down the market characteristics of your target country to identify opportunities: market research is the first step in the internationalization process. Expanding into foreign markets, especially Asia is a complex and resource intensive activity.
18/07/2014
A company that has decided to export its products to a new market or to buy from a new supplier in a different country cannot take for granted that the potential transaction(s) will be viable, profitable or provide goods at a price and quality that are competitive. From a financial point of view, a transaction may prove unrealistic if the cost of entering a market is too high, the competition is gruelling, or the price the company needs to charge in the new market is not competitive.
15/07/2014
We recently had a chat with Scott Forbes, Director of Human Resources at Emerson Process Management’s Canada Engineering Center in Calgary, AB, who has volunteered…
14/07/2014
Given the complexities involved in expanding and doing business in foreign markets, it is very important for companies to conduct sufficient market research as part…
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