International trade and export management pdf

Merchandise Trade • Merchandise trade, i.e., exports and imports of goods is the oldest and least risky form of international business. • Of concern to the exporter is the risk of non-payment by the importer of goods. • Of concern to the importer is the risk that the exporter may not ship the products that have been paid for. Export management companies An export management company (EMC) is a private company based in the United States that serves as the export department for several manufactur-ers, soliciting and transacting export business on behalf of its clients. EMCs normally take title to the goods and assume all the risks associated with Basics of International Marketing promotion Biswajit Nag Indian Institute of Foreign Trade New Delhi biswajit@iift.ac.in biswajit.nag@gmail.com. Commitment to Export Analyse Internal Factors-Product-Resources External Factors-Market Environment -Management contract Joint Venture Wholly Owned Subsidiary Major Minor 50:50 The Traditional Theory of International Trade •Main conclusion of the neoclassical model is that all countries gain from trade •World output increases with trade •Countries will tend to specialize in products that use their abundant resources intensively •International wage rates and capital costs will gradually tend toward equalization TABLE OF CONTENTS UNIT LESSON TITLE PAGE NO. I 1.1 International Trade 3 1.2 Balance of Payment and Balance of Trade 25 1.3 Indian EXIM Policy 45 II 2.1 Export and Import Finance 73 2.2 Export - Import (EXIM) Bank of India 94 2.3 Export Credit Guarantee Corporation 125 2.4 Import Licensing 140 III 3.1 Foreign Exchange Market 157 3.2 Hedging Techniques 179 3.3 Foreign Exchange Management International Trade MCQ With Answers PDF: International Trade is one of the important sub-topic covered in Commerce. International Trade MCQ with answers updated in 2022 will help MBA, BBA, B Com, M Com, MMS, PGDM, and International Business specialization students. These MCQs cover MCQs on sub-topics like foreign trade and multinational trade. Categories of foreign trade; Bilateral- This is foreign trade between two countries. Multi lateral -This is foreign trade between more than two countries. Import trade -Is when goods and services are brought from another country. Export trade -Is where goods and services are sold to another country. Visible trade -This consists of imports and exports of tangible goods e.g. vehicles International trade often leads to the transfer of technology from a developed nation to a developing nation. Govt. in the developing nation often lay terms for foreign companies that involve developing local manufacturing capacities. More Job Creation. An increase in international trade also creates job opportunities in both countries. Exports. 2. Imports. 3. Export marketing. 4. International trade. I. Title. HF1414.4.S49 2007 382—dc22 2007034264 ISBN10: -7890-3419- (hbk) ISBN 10: -7890-3420-4 (pbk) ISBN 10: -2038-8930-4 (ebk) Importance of International Trade to the Global Economy 7 Determinants of Trade 9 Volume and Direction of Trade 9 Important Developments in Export goods are given to international end users by domestic producers. Export management is the use of managerial process to the serviceable area of exports. It is basically associated with export activities and type of management that brings harmonization and incorporation of an exp