Understanding the Global Trading Environment

Suppose you have been following our blog on exporting products to international buyers. In that case, you will have realised that we stress the importance of educating yourself on international trade before you dedicate company resources to an export drive. The truth is that without the proper knowledge, you could make mistakes that cripple your business internationally and domestically!
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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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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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Many business opportunities await southern African companies in foreign markets. There may be a growing demand for their products, prospects for expanding their production capacity or even new markets created by world events that impact global economies. Regardless of the reasons, before you begin formulating new strategies, you should answer this simple question: “Should I be exporting my product?”
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Company A, having experienced considerable growth in local markets, has identified an opportunity to venture into exports. As the company’s management team becomes better acquainted with the export landscape, its 
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In the “Understanding the Global Trade Environment” learning module on the TFSA School of Export, we help you understand what international trade entails and more importantly how the various International global bodies have shaped its practice.
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In a world, where everything is moving faster and faster, many governments, frustrated at the time taken to negotiate preferential agreements within the World Trade Organisation, have elected instead to 
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