Beruflich Dokumente
Kultur Dokumente
Production
Advantages of Exporting
1. 2. 3. 4. 5. 6. 7. 8. Increased Sales and Profits Enhance Domestic Competitiveness Gain Global Market Shares Diversification Compensate for Seasonal Demands Create Potential for Company Expansion Sell Excess Production Capacity Expand Life Cycle of Product
Exporting Challenges
1. 2. 3. 4. 5. Extra Costs Product Modification Financial Risk Export Licenses and Documentation Market Information
Steps of Importing
1. Select a product to import 2. Achieve import license 3. Finding seller 4. Negotiate a deal with seller 5. Giving order 6. Collection of foreign exchange 7. Opening L/C 8. Receiving Documents 9. Completing formalities regarding tariff 10.Delivery of Goods
Finding seller
Receiving of Goods
Opening L/C
Receiving Documents
Benefits of Importing
1. Reduced costs 2. Good quality items
3. Remote management
Limitations of Importing
Exchange rate fluctuation Financial Risk
Payment to government as the form of Tariff
Comparison
Year
2007-08 2008-07 2009-08 2010-11
2011-12
1:1.47
Export-Import Information
Year Import (Billion US $ ) Export (Billion US $ )
2001-02
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
8.54
9.66 10.90 13.15 14.75 17.16 20.37 21.44
5.99
6.55 7.60 8.65 10.53 12.18 14.11 15.57
Suggestions (contd..)
7. Close partnership between the Government and the business community is crucial 8. Market diversification
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