Mongolia is looking to capitalize on its unique culture and attractive scenery in a bid to open the world’s eyes to many of its strengths as a place to visit and do business.
Zeeshanali Fazal is an Underwriter and Advisor of Financial Guarantees at Export Development Canada (EDC) in Montreal, Quebec. He was born in Kinshasa in the Democratic Republic of Congo, where he spent his childhood. Zeeshanali moved to Pakistan in the early 1990s, and by the late 1990s he moved to Canada where he completed his high school, CEGEP and university education in finance.
If you’re looking for a good place to break into international trade, exporting into the U.S. can be an excellent choice. With a population of over 300 million people and a 20 percent share of the global economy, it’s the richest market on earth, and it’s right on Canada’s doorstep.
Break down the market characteristics of your target country to identify opportunities: market research is the first step in the internationalization process. Expanding into foreign markets, especially Asia is a complex and resource intensive activity.
A company that has decided to export its products to a new market or to buy from a new supplier in a different country cannot take for granted that the potential transaction(s) will be viable, profitable or provide goods at a price and quality that are competitive. From a financial point of view, a transaction may prove unrealistic if the cost of entering a market is too high, the competition is gruelling, or the price the company needs to charge in the new market is not competitive.
Given the complexities involved in expanding and doing business in foreign markets, it is very important for companies to conduct sufficient market research as part…
EDC is seeking an Account Manager to become the leader in providing export oriented small businesses with the knowledge and innovative solutions necessary to develop and to be competitive in the global market.
A wave of anti-EU opinions since the election seems to be threatening to affect the EU’s direction, and some pessimists worry that this could change the outcome of both Canada’s and the USA’s trade agreements with Europe.
Business and social etiquette are important attributes for success in overseas markets. Being aware of the different rules of intercultural etiquette will ensure rewarding personal and business global trade relationships.
There is a wide range of terminology associated with inventory management. Some of the most common terms, concepts and issues regarding global supply chain management are detailed in the following paragraphs.