Incoterms, short for international commercial terms, are a set of globally recognized acronyms established by the International Chamber of Commerce (ICC) to define the responsibilities and obligations of buyers and sellers in commercial transactions involving the transportation of goods. These terms serve as a standardized communication tool, ensuring clarity and minimizing confusion in the complex world of international trade. 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 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…
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…
