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It doesn’t matter how much interest or how many orders your business is getting from buyers abroad if you can’t figure out how to get paid when you go global! Our next #TradeElite Twitter chat will help you navigate all things money. We’ll talk about methods of payment, which method to use and why, and how to implement different types of payment.
Human beings are social by nature. This explains the billions of dollars we spend every year on tourism. We travel the world to enjoy new scenery, to meet new people, to try new foods, and for the newness of the experience. When we have goods and services ‘tour’ across international borders, we call it international trade.
It’s that time of the year again! The time when we recognize the talents, accomplishments and experiences of our FITT-trained international business students.
Now a great time to begin putting together your market entry strategy; currently, CARICOM and Canada are negotiating a trade and investment agreement.
You’ve decided to start selling your product in a market outside your own borders. Maybe it’s an emerging market, or perhaps you’ve gone with a market that’s a bit more established; but either way you’re going to need a system to get your product to market. You’re going to need to develop an international value chain.
A newspaper article reporting on a recent BDC study about the benefits of Advisory Boards for entrepreneurs made me think of a CITP colleague who teaches FITT courses. Over time he has become an informal advisor to some of his students who are planning to get started in the international field.
My exposure to Incoterms goes back to 2002 when I took my first FITT-accredited international business course at Seneca College.
I graduated from Niagara College’s FITT Accredited Advanced Diploma program in International Business in 2011, having successfully completed business, logistics and commerce-related courses in both theory and application. Through my studies I developed an interest and desire to work in logistics and supply chain management.
We’ll soon be hosting our third installment of our #TradeElite Twitter chat, getting international business professionals talking about the issues that matter in global trade today. During our last chat, Doug Taylor, CITP, led us in a discussion on how to get more SMEs involved in export.
Canada is going through the specter of another separation threat from Quebec. What does this mean from an international point of view? Will other countries be willing, or even interested in doing business with Quebec? Will it maintain the credibility that it currently has as part of one of the few countries in the world that are universally admired? Will the world just shrug off a separation from Canada and move on?
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