Import – Export
INTERNATIONAL TRADE Exports are the goods and services sold by individuals or Millions. Imports are the goods and services purchased. By these methods, products valued at more than 2 trillion United States 11( >i lars are exchanged worldwide each year. By the mid-80′s the I Inited States alone exchanged more than $600 billion in...
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GLOBAL CHANGES The General Agreement on Tariff and Trade, a supra-international body, has entered into a complex period called the Uraguay Round, with the goal to change trade rules and reduce trade barriers by multilateral and bilateral negotiations. The result will be new markets worldwide. The total volume of international trade will grow even...
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WHY GET INTO TRADE Three reasons exist for people to get into the trade game: 1. Imports: Everyone is buying foreign—it’s in vogue. Imports are bringing big profits. 2. Exports: Some experts acknowledge that exports have been out of balance but they say that the tide has turned. These people believe that now is...
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Launching a Profitable Transaction: Introduction THE NEXT FIVE CHAPTERS EXPLAIN THE BASICS OF IMPORTING AND exporting. They apply to manufactured products as well as the growing service industries such as computer software, construction engineering, or insurance. These basics are the bridge from producer to buyer. This bridge has been in place for many years,...
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CHOOSING THE PRODUCT The question asked most often is, “What product should I select to import or export? Should it be rugs or machinery?” Keep it simple in the beginning. If your firm already manufactures merchandise or provides a service, that product or service is what you sell. But, for your own import/export business,...
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