Author: TFSA School of Export

Export business relies heavily on documentation. When shipping your goods to foreign markets, documents play a key role in getting them to your buyer and ensuring that you get paid. Furthermore, they can prove that procedures have been followed, should the need to claim from an insurance policy arise.
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‘Product exportability’ refers to the quality of your product vis à vis competitive foreign products, its price competitiveness, the ease with which it can be assembled and operated, whether or not it requires after sales service, and the extent to which it complies with foreign market requirements.
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Negotiating sales in a foreign market is often very different from negotiating sales in your domestic market as you could encounter different languages, cultures, legal systems and business practices. In many African and Mediterranean countries, for example, it is the norm for parties to get to know each other before any serious business discussions commence.
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Without the rules set out by the ICC, trading across borders and oceans would not only be a tedious task but also costly, given the almost inevitable misunderstandings and misinterpretations of foreign rules that would occur. Knowing the Incoterms® Rules gives you the upper hand and guarantees smooth sailing on your export journey.
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No two countries are equal when it comes to output. The international trade landscape is constantly changing. As a result, new forms of protectionism are constantly surfacing. While the World Trade Organisation is doing what it can to reduce tariff barriers to trade, non-tariff barriers to trade are proliferating, with exporters today having to prove their compliance with a myriad of foreign market regulatory requirements covering everything from environmental protection and product quality/safety, to staff welfare and corporate social responsibility.
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All countries aspire to a higher ranking on the development curve. The more sophisticated their wares, the more income they generate from selling them. This, in turn, leads to more money flowing into the fiscus which enables a country’s government to invest in infrastructure which leads to greater employment opportunities for its people.
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Foreign trade encapsulates many activities that are influenced or carried out by a variety of global organisations, government policy makers, statutory bodies and service providers
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For many businesses succeeding in local markets, getting involved in foreign trade becomes the logical next step for growth. This process, however, requires the optimisation of many aspects of your business and, of course, ensuring that your product(s) are ‘exportable’.
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SACU or Southern African Customs Union is a Southern African trading bloc that is made up of South Africa, Namibia, Botswana, Lesotho and Eswatini. All members of this customs union share the same benefits, namely the removal of tariff and non-tariff barriers to trade.
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International trade can be complex. Every country needs to find common ground for trade; however, the more countries that engage in trade, the more complex the whole process becomes for everyone involved.
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