What is export and why is it important?
Exporting is selling goods or services to another country; it increases revenue, business growth, and market reach.
What is import?
Importing is buying goods or services from other countries for the domestic market; it ensures supply and product variety.
What are the main steps of exporting?
Identifying target markets, selecting products, packaging, marketing, contracting, shipping, customs clearance, and delivery.
What documents are needed for export?
Commercial invoice, bill of lading, certificate of origin, export permits, and cargo insurance.
What are the steps of importing goods?
Order registration, contract with supplier, shipping, customs clearance, paying duties, and delivery to buyer.
What are customs tariffs?
Customs tariffs are taxes applied by the government on imported or exported goods, varying by product and country.
How is foreign partner verification done?
It includes reviewing company background, financial health, operational capacity, trade history, and legal documents.
What risks exist in international trade?
Currency, political, legal, transportation, and product quality risks.
What should international contracts include?
Details on goods, price, payment terms, responsibilities, shipping, insurance, and dispute resolution.
How to increase success in export and import?
By researching markets, choosing reliable partners, complying with customs regulations, managing risks, and using expert advice.