What is Trading Blocks ?
The group of countries that strives for cooperation among nations and are concerned with discriminatory removal of all trade restrictions between the participating nations and evolving of certain elements of….
Archive | Export Management
What are the benefits, the export firms got from the Uruguay Round ?
The exporters would get greater market access for their products in different export market. The reasons is that almost all tariffs of developed countries and a high proportion of those of the developing and transitional economies….
What are the duties of Export Manager ?
The duties performed by the export manager are like Procurement of export order, Planning for export order execution, Direction for exports, Export order execution, Reprogramming ….
What is the role of an Export Manager ?
Export manager plays a key role in the conduct of export business. The traditional management structures with functional classification (Purchases, marketing, finance, accounts, administration etc) cannot ensure …
What is Export Marketing Plan ?
An export marketing plan is step-by-step guide to strategy implementation. It addresses strategic issues and outlines the corresponding operational actions to be taken. It specifies targets for such step. The plan should….
What is the importance of Foreign trade ?
Foreign trade is recognized the world over as one of the most significant determinants of economic development of country. Economic development requires an increase in the stock of wealth producing resources…
How exporter can become a better negotiator ?
An exporter should concentrate on the following aspects to be a better negotiator and be fully prepared for negotiations like understand the requirement of the buyers, Assess the state of competition facing the product…
What is the procedure for collection of payments under document against payment (D/P)
The following procedure is followed for collection of payment under D/P i.e., Document against Payment. The exporter sends the shipment and obtains shipping documents…
Complete information on Letter of Credit : its contents, precautions, types and advantages
Letter of credit (Documentary Credit) refers to a written undertaking made by the importer’s bank to the exporter that the payment shall be made to him provided the shipment is sent by him in strict compliance with the term…
What are the strategies needed for exporting goods to the European market ?
The Indian exporters should understand the structure of EU including the introduction of common currency Euro by 11 of the 15 member’s states of EU. This will enable the exporters to evolve a suitable strategy for entry…
What are the common errors in Invoicing that must be avoided ?
The exporters should prepare the invoice very carefully as any error in the invoice may prove to be very costly for the importer and may in turn affect the exporter. It is important that the invoice should set…
Export Management : Role and functions of Export manager
In simple terms, export management is the application of managerial process to the functional area of exports. It is a form of management which is required to bring about coordination and integration of all those involved in an export business...
What are the useful guidelines the exporter must follow while doing price negotiation ?
Negotiation of price is an important element of negotiation of the various terms and conditions of the export order. Generally, exporters from the developing countries do face problems during initial negotiations…
What are the benefits the export firm would get from the Uruguay Round ?
The export firms the world over would benefit from the Uruguay Round in number of ways. Firstly, the exporters would get greater market access for their products in different export market. The reasons being that almost…
What are trading blocks and what are its types ?
In the present day international trade scenario, trading blocs representing various forms of economic integration have a profound impact on the nature of competitiveness in the export markets. Economic integration is a state of affairs…
What are the main provisions of the export-import (exim) policy ?
The main provisions of the Export-Import policy: 2002 – 2007 as modified on 31.3.2003 are as follows…