"The Basics of International Trade"
“The Basics of International Trade” was a four-part seminar series for companies that have an interest in expanding their business to the international market.
During the sessions, participants gained knowledge in researching potential export markets, understanding trade assistance programs, and making international transactions, along with numerous financial, legal and logistic considerations associated with international trade. Below you will find links to the agenda’s for each session, as well as to information provided by the speakers.
Session 1 – Is my company ready to export? Ninety-five percent of the worlds’ consumers live outside the United States. Are you interested in reaching that market? This session: -Provided tools and tips to evaluate a company’s export potential -Gave participants a basic understanding of market research -Outlined available export assistance programs -Offered tips on how to develop an export plan | Session 2 – The “nuts and bolts” of getting started This session provided an overview of the basic details involved in making an international transaction. Topics covered included export control and compliance, export documentation and accurately classifying your product. Participants also gained information about the logistics of international shipping and tips for locating an international distributor. |
Session 3 – So how do I get paid? You’ve received an international inquiry and it looks like you can make the sale. But here is what keeps you up at night: how do I get paid? This session focused on the financial and legal considerations of exporting, providing a general overview of key issues such as: -International methods of payment -Financing export transactions -Trade credit insurance -Intellectual property protection | Session 4 – The basics of importing For some businesses, the importation of products from abroad means great sales opportunities in the U.S. Could this approach work for you? This session introduced participants to some of the issues associated with international sourcing of finished products, components or raw materials, as well as other forms of importing. Key topics covered included: - How to evaluate the reputation and credibility of a foreign seller - How to finance your import purchase - Shipping and logistics considerations - Customs entry documentation and preferential duty program - Relationships with your supplier/maintaining quality control |
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