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International business professionals in our Twitter community came together last month for a #TradeElite chat on the topic of skills in global trade. Speaking from a variety of backgrounds, levels of experience and geographic locations, they discussed the skills, knowledge and abilities that are needed to succeed in the industry.
Every day, lawyers warn clients about all the risks of doing business, especially international business. That is okay — business lawyers want to prevent their clients from getting sued by regulators or customers, among other possible plaintiffs.
Many Asian jurisdictions understand the strategic roles that trade and foreign direct investment (FDI) play in their economic development and economic well-being.
New media technologies have transformed the way we communicate, network, and share information. They can also play a key role in the identification and validation of trade and investment opportunities. Furthermore, these technologies can enable you to keep abreast of on-the-ground developments in your market of interest.
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.
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.
Many Far East Asian countries are still developing their economies, expanding their supply chains, diversifying their sectors, and building their capabilities and core competencies.
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.
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…
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…
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