05/08/2014
Digitization of business is eliminating global trade barriers for SMBs
Barriers of entry to international markets are being lowered through higher visibility and reach provided by the digitization of business on a global scale.
Topics
01/08/2014
Top three potential barriers to foreign market entry
Companies entering new markets might face problems or increased costs because of the business environment and the way in which companies operate. For example, marketing services might be prohibitively expensive. The banking system might be undeveloped, and certain payment mechanisms may be unavailable. Letters of credit might be unreliable or difficult to obtain.
29/07/2014
Inspirational story from Iraq on overcoming barriers to a global trade career
In 2013, Samar decided to get involved in the FITTskills training program that was being offered in Baghdad through USAID and the Central Bank of Iraq’s Banking Studies Center to help develop her global trade career.
28/07/2014
Tracing gaps and deficiencies along the value chain to uncover business opportunities in Asia
Many Far East Asian countries are still developing their economies, expanding their supply chains, diversifying their sectors, and building their capabilities and core competencies.
25/07/2014
Is Mongolia the next emerging market for your international business strategy?
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.
23/07/2014
Zeeshanali Fazal, CITP│FIBP — Underwriter and Advisor of Financial Guarantees
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.
22/07/2014
Eight tips for successfully exporting into the U.S. market
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.
21/07/2014
How to break down market characteristics of your target Asian country to identify trade opportunities
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.
18/07/2014
The basics of global trade transactions for your imports and exports
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.
15/07/2014
International trade competency standards will promote skills development and global businesses growth
We recently had a chat with Scott Forbes, Director of Human Resources at Emerson Process Management’s Canada Engineering Center in Calgary, AB, who has volunteered…