06/08/2014

How to use new media technologies to identify trade opportunities in Asia

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.

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.

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.

10/06/2014

The story of how it all began for us, the Forum for International Trade Training (FITT)

Like many before him—and some after as well—Dieter Hollweck learned how to do international trade from the ground up; through the school of hard knocks.

“Learning that way is very expensive, and can sometimes be deadly for your business,” says Dieter, the Forum for International Trade Training’s (FITT) founding father. “But everybody had an international trade horror story back then!”

29/04/2014

International business professionals pay it forward

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.

25/02/2014

How an international business program helped launch my supply chain career

I started the job hunting process at least six months before I graduated from Fanshawe College’s FITT-accredited international business program. I think the most important thing in the job hunting process is to identify your career goal or objectives first, and start to get ready early. Having my career goal set up long before I started the program, I knew I wanted to work for a company involved in international trade.