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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…
My interest in international trade began as early as in elementary school when my imagination was captured by the evolution of Canada as a trading nation.
Barbados is indeed a gem, but its wealth is not restricted to tourists alone. Barbados is a great place to work and invest.
Since tomorrow is Canada Day, I thought I’d take this opportunity to share with all the non-Canucks a little more information about how to do international trade with Canada and with Canadians.
Far too many small companies get caught up in the hype and excitement of the potential of international market sales without undertaking the necessary research and planning that will help them be successful.
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