Chapter THIRTEEN Export and Import Strategies Objectives • To introduce the ideas of export and import • To identify the elements of export and exporting strategies • To compare direct and indirect selling of exporting • To identify the elements of import and import strategies • To discuss the types and roles of third-party intermediaries in exporting • To discuss the role of countertrade in international business Chapter Overview The first part of Chapter Thirteen is devoted to
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Background Developed countries such as South Korea‚ Taiwan‚ Hong Kong‚ and Singapore rely on their commodity export as their main economy boosters. Even when the economy situation goes bad‚ these countries still can achieve surplus trade balance. Boosting economy through commodity export‚ like what Japan has done‚ has become popular among developing countries like Indonesia. As an archipelagic country‚ Indonesia has infinite fishery potential. It is because Indonesia area is dominated by watery/
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The main objectives of export trade are as follows: (i) To sell surplus goods: A country may produce a commodity in such quantities that are more than its needs. The country can sell its surplus output to foreign countries. In this way export trade is undertaken to make fruitful use of surplus goods. (ii) To make better utilisation of resources: Export trade widens the market for goods. A country can make better utilisation of its resources by producing goods on a large scale both for domestic
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the world with an annual production of about 800 Million Kgs. Of the different types grown‚ flue-cured tobacco‚ country tobacco‚ burley‚ bidi‚ rustica and chewing tobacco are considered important. India stands 3rd in production of tobacco and in exports‚ Brazil and USA are ahead of India. Tobacco and tobacco products earn approx Rs.20‚000 Cr. to the national exchequer by way of excise duty‚ and approx.Rs.5000 Cr. by way of foreign exchange every year. Introduced by the Portuguese in the 17th century
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organization 4 4.6 Inkwell Ltd-Key external stakeholders 5 5. THE ACCOUNTS DEPARTMENT 5 5.3 The accounts department-Key internal stakeholders 6 6. REVIEW OF THE ACCOUNTING SYSTEM 7 6.3 Working methods and practices 7 6.4 Recording keeping system 8 6.5 Training 9 7. INTERNAL CONTROL AND FRAUD ANALYSIS 9 7.1 Internal system of control 9 7.2 Fraud Analysis 10 8. RECOMMENDATIONS TO IMPROVE 10 9. COSTS AND BENEFITS ANALYSIS 12 9.2 COSTS 12 9.3 BENEFITS 13 APPENDIX 1-INKWELL (LTD)’S ORGANISATIONAL STRUCTURE
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Credit and finance is the life and blood of any business whether domestic or international. It is more important in the case of export transactions due to the prevalence of novel non-price competitive techniques encountered by exporters in various nations to enlarge their share of world markets. The selling techniques are no longer confined to mere quality; price or delivery schedules of the products but are extended to payment terms offered by exporters. Liberal payment terms usually score over
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(13%)‚ Crude Petroleum (9.3%)‚ Refined Petroleum (6.8%)‚ Office Machine Parts (3.6%)‚ and Cars (2.9%) Top 5 Import origins of The Philippines China (13%)‚ Japan (11%)‚ United States (10%)‚ South Korea (8.9%)‚ and Other Asia (6.7%) EXPORT Top 5 Export destinations of The Philippines China (23%)‚ Japan (13%)‚ United States (12%)‚ Hong Kong (9.8%)‚ and Singapore (5.4%) Top 5 Products exported by The Philippines Integrated Circuits (23%)‚ Computers (10%)‚ Semiconductor Devices (4.7%)‚
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IMPORT FINANCING Background Like other developing countries‚ Pakistan’s import bill exceeds exports. Therefore‚ it faces scarcity of foreign exchange to meet its import requirements. According to daily “DAWN” dated 18th November 2012‚ Pakistan’s foreign exchange reserves were USD 13.84 Billion at the week ended as on 9th November 2012. Gap between the import and export bills is partially covered by regulations‚ controls and measures exercised by State Bank of Pakistan and partially by the
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Australian animals have been treated this way. They were treated like worthless rubbish. They were sawn at with blunt knives before they were thrown into mass graves‚ some still alive hours later. This horrific‚ sickening subject is coldly called live export. I stand here today‚ on behalf of the sane humans‚ standing for justice on how Australian animals are treated‚ on how Australian animals are murdered‚ on how Australian animals are being sawn at with knives for the ’Halal’ religion in which is
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Before the Civil War‚ the people who migrated west were mostly trappers seeking the rich furs of Oregon‚ miners in search of gold and silver‚ and those seeking freedom from religious persecution such as the Mormons. There were many other smaller groups such as a few farmers seeking more farmland‚ Irish immigrants seeking employment‚ etc. After the Civil War‚ Congress passed three major bills which spurred the largest migration west ever within the United States. Most of the people of this migration
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