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Despite their loss in Congress this week, the vigorous opposition to TPP will continue when the actual treaty is finalized and presented to Congress for ratification. Is the TPP deal another giant sucking sound as former presidential candidate Ross Perot called the NAFTA agreement?
The ‘old-fashioned’ notion of ethical conduct in international business, and doing what’s right (for its own sake, can you believe it??!) has somehow gotten terribly lost, and risks being lost even more strikingly when businesses of all sizes and businesspeople of all levels venture into international markets.
There are many rewards to expanding business globally. Increasing global exposure, market share and profitability are just a few of the many good things that can happen. One major roadblock preventing organizations from growing their businesses in a new export market is the inherent risks involved.
Sonia Mancuso Root, CITP®|FIBP®, is Vice President of Business Development at Agrisource Food Products Inc., a world-class broker and distributor, where she helps companies manage their offshore arrangements and keep their supply chains running smoothly.
She has over twenty-five years of experience in international business and has been a CITP®|FIBP® since 2009. She credits the practical skills gained through her education and her linguistic abilities with her success in the industry.
In March, FITT hosted an intensive training course for locally engaged Trade Commissioners (DFATD) from all around the world.
In the two separate training groups there were over 30 nationalities present, creating a unique challenge to instructors Ennio Vita-Finzi, CITP®|FIBP® and Ray Joyce, CITP®|FIBP®. How does one maintain consistency in training while getting the message across to such a diverse group of people?
The journey, for me, is a major part of the experience of international business, and of any form of business travel: it is about much more than efficient and predictable displacement from “Point A” to “Point B”, and it provides countless opportunities for the exercise of civility, personal discipline and enrichment.
There are plenty of reasons why businesses branch out from local to international sales. Expanding your business by taking it to a new market offers a wealth of advantages and opportunities. You can grow sales, balance out seasonal instability, extend the life cycle of your products, and tap into a completely new market. However, making those first inroads in a new market is a significant challenge. So, how do you build trust in your company and your product in a new region?
After over twenty years of excellence in the field, Northstar Trade Finance’s efforts are now being rewarded with the US Export-Import Bank’s Lender of the Year award, at the organization’s annual conference in Washington D.C. on April 23.
Before your eyes glaze over in despair and disappointment at the prospect of a discussion of – ugh – trade finance, think of this as your “SHOW ME THE MONEY” moment.
Today, the secret to excel in exports is to learn how to interact and be accepted by people who are not like us, who speak a different language, who think, act, feel and react differently to what we are used to. To do so, we need to learn from chameleons—a type of lizard that is distinguished by its ability to change skin color to match its surroundings.
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