Plan your Caribbean (CARICOM) market entry strategy and start avoiding Canadian winters
Now a great time to begin putting together your market entry strategy; currently, CARICOM and Canada are negotiating a trade and investment agreement.
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Now a great time to begin putting together your market entry strategy; currently, CARICOM and Canada are negotiating a trade and investment agreement.
You’ve decided to start selling your product in a market outside your own borders. Maybe it’s an emerging market, or perhaps you’ve gone with a market that’s a bit more established; but either way you’re going to need a system to get your product to market. You’re going to need to develop an international value chain.
A newspaper article reporting on a recent BDC study about the benefits of Advisory Boards for entrepreneurs made me think of a CITP colleague who teaches FITT courses. Over time he has become an informal advisor to some of his students who are planning to get started in the international field.
My exposure to Incoterms goes back to 2002 when I took my first FITT-accredited international business course at Seneca College.
I graduated from Niagara College’s FITT Accredited Advanced Diploma program in International Business in 2011, having successfully completed business, logistics and commerce-related courses in both theory and application. Through my studies I developed an interest and desire to work in logistics and supply chain management.
We’ll soon be hosting our third installment of our #TradeElite Twitter chat, getting international business professionals talking about the issues that matter in global trade today. During our last chat, Doug Taylor, CITP, led us in a discussion on how to get more SMEs involved in export.
Canada is going through the specter of another separation threat from Quebec. What does this mean from an international point of view? Will other countries be willing, or even interested in doing business with Quebec? Will it maintain the credibility that it currently has as part of one of the few countries in the world that are universally admired? Will the world just shrug off a separation from Canada and move on?
Have you ever wondered why international trade jobs aren’t more widely recognized and standardized as occupations? Us too, so we’ve decided to take action to change that. As far as we know, this is something that has never been done before by anyone else in the world!
International trade is a risk/reward business. There can be greater payment, logistical, regulatory and political risks when dealing with overseas suppliers and customers. Nevertheless, your business will reap rewards if you can develop a competitive global supply chain, penetrate profitable export markets with quality products and services, while successfully managing the increased risks.
By now you’ve probably heard about how social media marketing is important to your business. Yet most businesses and their employees still struggle to understand…
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