13/01/2015
Four major ways international trade has changed over the past one hundred years
The past one hundred years have brought about incredible changes in nearly every industry and area of society. International trade is no exception. The way…
global market
18/07/2014
The basics of global trade transactions for your imports and exports
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.
30/08/2013
Considering all the costs of international trade
The biggest mistake you can make in international trade is jumping in head first without having done your homework. And while engaging in global business can be rewarding and lucrative, having a lack of understanding of all the factors and costs involved can lead to problems that are both stressful and expensive.