As the business world becomes increasingly globalized, commercial companies must navigate the complexities of operating in both domestic and foreign markets. While some businesses focus solely on their home market, most seek to expand overseas to access new customers, resources, and opportunities. The process and operation of commercial companies in domestic and foreign markets entails key strategies to succeed in…
As global trade continues to expand and developing countries increase their presence in international trade, the food industry and its regulators need to be aware of the risks and prepare for the issues that can occur. Reducing this risk throughout the global supply chain requires that the industry produce safe, high-quality food and that all governments have food-control systems in…
6 Steps for Building a Successful Export Strategy Start an Export Market Expansion Program Organize the Program Designate program leaders and export teams. Summarize baseline company and export history. Benchmark Company Preparedness Conduct an export benchmark assessment. Summarize significant findings and define action steps that will need to be implemented. Define Export Outcomes Determine your company’s rationale for expanding exports.…
In business, you’re gambling and a wise gambler first evaluates his cards, calculates the risk, and then makes a bet. It’s a number game, not an emotional one. Our colleagues are a little worried and also need clarification about trading with Iran related to its current situation. Doing business with Iran requires understanding the people, culture, etiquette, and approach…
In today’s world, there is no business without marketing. Also, the lack of international marketing in businesses can reduce product sales and reduce work efficiency. Therefore, in the following, we will discuss the points that are vital to know in order to do foreign marketing. 1- Make the most of the available budget Securing sufficient capital to expand abroad is…
Transitioning from a single-product economy and relying on the income from the sale of oil is somehow the only way to progress and develop the country’s economy. Successful presence in international trade fields such as import, export, investment and foreign investment is a solution that opens the doors of foreign countries to Iran. Currently, due to the US sanctions and…
PIP: In the announcement of rates, every 0.0001 change is called a pip (PIP) and in the change of the yen rate, every 0.01 change is called a pip. There are two rates in a trade. Rate of purchase from you (Bid) and sale to you (Ask). It is natural that the rate of sale to you is higher than…
The importance of the medical equipment trade and the role of the WHO Economic aspects of medical devices Tracking and explaining the growth in health spending in all national systems has been a prominent concern in governmental, academic and industrial research in both developing and developed countries. Many studies have shown that technological changes in health care, especially medical devices…
Many forces shape trade flows, including trade policies, changes in the nature and location of consumer demand, and differentials in the costs of labor and other inputs across geographies. Another important, but underappreciated, driver of trade flows is technology. The history of trade reflects the ongoing march of new technological innovations. After the Second Industrial Revolution, for example, the introduction…
WHAT IS ”WTO”? WTO is the acronym for World Trade Organization. The WTO came into being in 1995 and was created after the culmination of long intense negotiations which took place under the auspices of the General Agreement on Tariffs and Trade (GATT). AN ORGANIZATION FOR TRADE LIBERALIZATION The WTO is an organization for liberalizing trade. Trade liberalization is the…
