Lec 1_ Int to Ex-IM Mgt_FDF_FALL25

Introduction to Export-Import Management.

[Audio] Slide number two of our presentation on Introduction to Export-Import Management discusses some quick facts about Bangladesh's GDP and sector-wise contributions in the fiscal year of 2023-24. According to data released by the Bangladesh Bureau of Statistics (BBS), the country's GDP was $450 billion (Tk 50,026,537 crore) with a nominal growth rate of 12.4% and a real growth rate of 5.82%, indicating strong economic growth. In this fiscal year, agriculture accounted for 11.02% of the GDP, while industry and services made up 37.95% and 51.04% respectively. These figures were slightly higher in the previous fiscal year, with agriculture, industry, and services at 11.30%, 37.65%, and 51.05%. The agriculture sector includes farming, forestry, fishing, and related activities, but its contribution has been decreasing over time. Meanwhile, the industry sector encompasses manufacturing, mining, construction, and electricity generation, with the garment industry playing a significant role in driving economic growth. The services sector includes finance, transportation, wholesale and retail trade, hospitality, and telecommunications, with IT and telecommunication industries being major contributors to the country's overall economic growth. In the next slide, we will delve further into the world of export-import management..

[Audio] Slide three reveals a significant decrease in Bangladesh's trade deficit. The 2022-2023 fiscal year saw a considerable decrease, indicating a positive trend in the country's trade performance. This is a promising development for the economy. There was also a shift in import and export trends, with imports decreasing and exports increasing, contributing to the narrowing of the trade gap. This balance is crucial for sustainable economic growth. Historically, Bangladesh has experienced trade deficits due to higher import values compared to export values. However, the current decrease in the trade deficit gives hope for a more balanced trade performance in the future. Petroleum and oil, food items, and textiles are the top imported goods, essential for the country's economy. It is important to monitor their import values to maintain a stable trade balance. In contrast, the primary export for Bangladesh is ready-made garments, accounting for 80% of export revenue. This is a significant contributor to the country's economy and shows great potential for growth in the future. As we continue with the presentation, we will delve deeper into the various aspects of export-import management and explore ways to further improve Bangladesh's trade performance. Your active participation and valuable insights are welcome..

[Audio] A manager is responsible for overseeing and getting results through the cooperation of others in a successful organization. An export manager is involved in coordinating a company's activities in global trade, including managing international sales, complying with trade regulations, and establishing relationships with foreign clients and distributors. Their role is vital in expanding a company's presence in the international market, and requires a deep understanding of export regulations, global markets, and the ability to navigate cultural and language barriers. Export management is the process of planning, organizing, coordinating, and controlling a company's export efforts in order to achieve desired objectives. As B S Bathor stated, it involves managing marketing activities for products that cross national boundaries and requires a thorough understanding of international trade and the ability to adapt and strategize in a constantly evolving market. In conclusion, an export manager plays a critical role in a company's success in the international market, using their expertise and skills in export management to navigate the complexities of global trade and achieve desired objectives..

[Audio] In this presentation, we will be discussing the concept of re-export, which refers to the process of exporting goods that have previously been imported and then modified before being exported again. This is a common practice in the global trade market with its own rules and regulations. According to data from the Bangladesh Bureau of Statistics, the re-export value of the country in December 2023 was recorded at Tk 9,404 million (equivalent to $10 million), highlighting the significant role of re-exports in our economy. Our neighboring economies, such as Bhutan and Nepal, often use Bangladeshi ports to procure goods, earning Bangladesh a small handling fee in the process. This shows the potential of our country in the re-export market and the need for efficient border infrastructure to cater to the growing demand. Recent upgrades to our border infrastructure have led to an increase in re-exports, as reported by the Financial Express. Stay tuned for more insights on export-import management in the following slides.".

[Audio] Slide number six of our presentation on Introduction to Export-Import Management covers the process of exporting and importing manufactured goods. Specifically, we will be using the example of a hearing aid machine being sent from Germany to Bangladesh for testing. The first step in this process is manufacturing the hearing aid machine in Germany. The product is then sent to Bangladesh for testing to ensure its quality and functionality. This step is crucial in meeting the standards and regulations of the importing country. After the testing is completed, the product is sent back to Germany, known as re-exporting, a common practice in the import-export industry. This allows for products to be tested and inspected in different countries, ensuring they meet international standards. This process benefits not just the exporting and importing countries, but also the end consumers who can trust the quality of the product. It also strengthens trade partnerships and promotes economic growth. Continue to the next slide for further information on this topic..

[Audio] Slide 7: The global business environment heavily relies on importing and exporting goods and services for success. In this context, the concept of value addition is crucial. It involves enhancing the value of a product or service through activities like processing, packaging, branding, and marketing. Bangladesh and Nepal, both South Asian countries with a strong dependence on import-export trade, have successfully implemented value addition strategies to boost their economies. In recent years, both countries have seen a significant increase in export revenue due to their focus on value addition. This success can be attributed to the use of modern technology and advanced manufacturing techniques, leading to the production of high-quality goods that meet international standards. As a result, Bangladesh and Nepal can now export more value-added goods, expanding their market reach and increasing competitiveness in the global market. Furthermore, value addition has had a positive impact on their local industries, creating job opportunities and contributing to overall socio-economic development. This proves that value addition has played a critical role in improving the export-import management of Bangladesh and Nepal, establishing them as significant players in the global trade market. On the next slide, we will discuss the challenges and opportunities faced by these nations in the field of export-import management..

[Audio] Today's presentation focuses on Introduction to Export-Import Management and specifically on the topic of re-exporting and its value addition. This is slide number 8 out of 50. Let's begin by defining the term "re-exporting" which refers to the process of exporting a product that was previously imported into a country. Bangladesh is a country that heavily engages in re-exporting. In some cases, products may be subject to minor processing or packaging before being sent to a new market in order to increase their value and competitiveness in the global market. Another form of re-exporting is when goods are sent through a country to reach a third destination without undergoing any processing. This serves as a middleman or rotating door for trade. In the case of Bangladesh, the country's strategic location allows for it to act as a logistical hub and re-export goods to landlocked neighboring countries like Nepal and Bhutan. Additionally, imported goods that are returned by the original buyer can also be re-exported to a different buyer or supplier. This provides new opportunities for businesses and promotes a circular economy. Re-exporting is a vital aspect of the global trade industry and can greatly benefit a country's economy. With its efficient handling of returns and favorable location, Bangladesh has become a significant player in the re-exporting market. This concludes our discussion on re-exporting from Bangladesh. Thank you for your attention and be sure to stay tuned for more insights on Export-Import Management..

[Audio] This slide will cover the role of an import manager and the concept of import management. An import manager is a key player in international trade, overseeing the import of products from suppliers worldwide. They work with a team to ensure efficient negotiation, delivery, and compliance with regulations. Import management is a system that automates and executes the necessary processes for clearing foreign shipments through customs. This involves not only the physical movement of goods, but also ensuring all documentation and procedures comply with laws. Strategic decision-making is also a crucial part of import management, taking into account both state regulations and the demands of the local market. Import managers play a crucial role in ensuring successful imports. In short, they oversee the import of products and adhere to all necessary processes and regulations. Import management is a crucial aspect of international trade that requires a comprehensive understanding of domestic and international laws and regulations. Please continue to the next slide for more information..

[Audio] In this slide, we will be discussing the key components of Export-Import Management. Export-Import Management is the process of overseeing and managing the import and export of goods and services across international borders. This involves various activities, such as product sourcing, contract negotiation, customs procedures, logistics management, and compliance with international trade regulations. The two main components of Export-Import Management are market research and regulatory compliance. Market research is crucial as it helps businesses understand foreign markets, including demand, competition, regulations, and cultural factors. This information is necessary for businesses to make informed decisions about which products to export, which markets to target, and how to best position their products or services in those markets. Regulatory compliance is also essential, as it ensures adherence to international trade laws, tariffs, export controls, and import regulations in both the home country and target market. Failure to comply with these laws and regulations can result in costly fines or even the suspension of business operations. In conclusion, Export-Import Management is a crucial and complex process for businesses looking to expand globally. Through market research and regulatory compliance, businesses can ensure a successful import-export process. Let's move on to the next slide to learn more about this topic..

[Audio] Our presentation on Introduction to Export-Import Management will now focus on some key aspects of this field. Slide number 11 will cover the crucial task of documentation, including preparing and managing paperwork such as invoices, shipping documents, customs declarations, and certificates of origin. These documents are vital for the smooth movement of goods across borders, and any errors or delays can have significant consequences for businesses. Logistics and transportation are also essential, involving coordination of goods and selection of appropriate shipping methods, and working with freight forwarders and customs brokers for timely and cost-effective delivery. Risk management is another critical aspect, as businesses expand globally, it is important to identify and mitigate potential risks such as currency fluctuations, political instability, and shipping delays. Being prepared for these risks can prevent significant losses. Lastly, payment and financing play a significant role in export-import management, managing payment methods like letters of credit and wire transfers and exploring financing options can help businesses efficiently manage their finances for international trade. In conclusion, export-import management involves various tasks, including documentation, logistics, risk management, and payment and financing, all crucial for the success of a business in international trade. Thank you, and now we will move on to the next slide..

[Audio] Slide number 12 of our presentation on Introduction to Export-Import Management focuses on discussing the crucial aspects of sales and marketing, as well as customer relationship management in the realm of international trade. Having effective sales and marketing strategies is key when expanding a business into foreign markets. This involves understanding pricing structures, identifying appropriate distribution channels, and building a strong brand image that resonates with the target market. Additionally, maintaining healthy relationships with international customers, suppliers, and distributors is essential for the success of export-import operations. This includes effective communication, prompt responses, and a thorough understanding of cultural and business practices in different countries. A strong focus on sales and marketing, as well as customer relationship management, is crucial for navigating the complex world of export-import management. By developing these skills and strategies, businesses can increase their chances of success in the global market. Please continue to follow along for more valuable insights on export-import management..

[Audio] Our presentation is focused on the topic of Introduction to Export-Import Management. We will discuss the importance of Import and Export in today's global market. Exporting and Importing goods are essential for any successful and large-scale business, as well as for the growth and expansion of national economies. Every country has its own unique resources, but no country can be self-sufficient in all aspects. This is where Export and Import play a crucial role. By exporting what a country has in abundance and importing what it lacks, the economy can develop and grow. This mutually beneficial relationship benefits not only businesses, but also individual consumers. Consumers now have access to products or components that are not produced locally, but are available for purchase online from businesses abroad. This not only provides more options for consumers, but also promotes healthy competition among businesses. In conclusion, Import and Export are necessary for the success and growth of businesses, as well as for the overall development of national economies. With the increasing connectivity of the global market, it is crucial for both businesses and countries to engage in Import and Export activities. Thank you for your attention, and please stay tuned for more insights on Export-Import Management in the upcoming slides..

[Audio] Slide 14: Let's now discuss the features of Export management. Export management entails the coordination and management of international trade and business relationships, and is a crucial aspect of global commerce. It requires expertise in areas such as economics and cultural awareness. A successful export manager must have a thorough understanding of the economy, including factors such as overall productivity, purchasing power, GDP, GNI, and trade surplus/deficit. This knowledge is crucial in making informed decisions and ensuring the success of export operations. Additionally, a strong understanding of different cultures is essential for export management. Each country has its own unique cultural norms and sensitivities, and it is important to be aware of them when conducting business. This makes export management an intellectual task that requires perception and understanding of different cultures. To achieve success in export management, it is important to have a global mindset and continuously educate oneself about different cultures and economies. This not only helps build strong business relationships but also leads to sustainable and profitable growth. Thank you for watching this presentation on Introduction to Export-Import Management. More informative slides on this topic will be provided..

[Audio] This presentation will focus on Export-Import management. In slide number 15 out of 50, we will discuss the significance of cultural differences and language barriers in international trade, specifically in relation to brand names. It is vital to understand that a brand name that may be well-received in one language may have a different meaning in another, as exemplified by an Iranian razor manufacturer using the brand name "Tiz" which means "sharp" in Persian. When exporting to Qatar, the brand name was found to be offensive as it translates to "buttocks" in Arabic. As a result, the company faced significant losses. This demonstrates the importance of understanding cultural differences and language barriers in export-import management. Thorough research and expert consultation is necessary to avoid branding mistakes and ensure success in international trade ventures. The discussion on export-import management will continue in the following slides. Thank you..

[Audio] Slide number 16 of our presentation focuses on the importance of understanding international trade laws and regulations for successful import-export management. This includes factors such as tariffs, quotas, and trade agreements. It is also crucial for businesses to be knowledgeable about mandatory labeling requirements for consumer prepackaged food, including providing information in both official languages of the respective countries. These requirements ensure transparency and consumer protection. For specific labeling and marking requirements in Canada, please refer to the link provided on this slide. Staying informed on the latest laws and regulations is crucial for the success of any import-export business and helps maintain consumer trust. Thank you for your attention and stay tuned for the next slide in our presentation..

[Audio] Slide 17 out of 50. In today's global market, companies face differences in cultural and physical environments when expanding internationally. This necessitates a strategic approach of dual adaptation, involving adapting both product and communication strategies. This allows companies to navigate varying government regulations and cultural preferences. For example, Slim-Fast successfully adapted both their weight-loss products and advertising to comply with different regulations in different countries. In Germany, they used a local celebrity in their advertising, while in the U K , celebrities cannot be used for diet products. In addition, the company's introduction campaign in the U K focused on everyday people, and the most popular flavor was banana, which is not sold in continental Europe. This example demonstrates the importance of adapting both product and communication strategies for successful international expansion. Let's now move on to further explore the world of Export-Import Management..

[Audio] Today, we will be discussing a widely known and effective management tool - SLIMFAST - as we journey through Export-Import Management. SLIMFAST is a comprehensive system that has been successfully utilized by numerous companies to streamline their export and import processes, resulting in increased efficiency and profitability. Alexandra Burke, a successful singer, has personally experienced the positive impact of SLIMFAST, stating "I'm in the best shape I have been for a long time and I'm loving it!" This serves as a testimony to the success of SLIMFAST in achieving export and import goals. This tool is specifically designed to save time and money through market analysis, risk assessment, and cost management, ensuring that businesses stay on track and meet their targets. With SLIMFAST, businesses can gain a competitive edge in the global market, as acknowledged by numerous individuals. As we conclude slide 18, remember the words of Alexandra Burke and the power of SLIMFAST in helping your business reach its export-import goals. Thank you for joining us and stay tuned for more insights on export-import management in the upcoming slides..

[Audio] Our presentation on Introduction to Export-Import Management covers the impact of international circumstances on export management. Constantly monitoring political events, elections, and technological advancements is a key feature in this field. Recently, there has been tension between Indian and Chinese forces on the India-China border in Ladakh, resulting in a violent clash and the Indian government's ban of 59 Chinese-origin apps due to data security and national sovereignty concerns. This has not only caused political tension, but also significant losses for businesses in Kolkata that rely on visitors from Bangladesh, with a 70% drop in cross-border customers. This is due to political unrest in Bangladesh and stricter Indian visa policies. As a result, areas like Marquis Street and New Market, known for their Bangladeshi shoppers, have seen a decline in revenue. These examples demonstrate the importance of staying informed and adaptable in the world of export management. Moving forward, it is crucial to closely monitor international circumstances and adapt strategies for success in this ever-changing landscape..

[Audio] In this slide, we will be discussing the risks involved in international business and its impact on a company's profitability. International risks differ from domestic risks and can vary depending on the country being exported to. These risks include currency, financial, political, and intellectual property risks, as well as unforeseen natural disasters. For example, a Bangladeshi company signs a purchase agreement to pay 500000 USD for a piece of equipment, but due to a delay in payment caused by a dollar crisis and political upheaval, the exchange rate has changed, resulting in an additional cost of 5,900000 dollars. This unexpected increase in expenses can greatly impact the company's margin and profitability. This illustrates the importance of understanding and managing risks in international business. Companies must have strategies in place to mitigate risks and protect their profitability in the global market..

[Audio] We will now discuss the features of import management, specifically on slide 21. As an importer, it is vital to have a thorough understanding of the current market demand, as this is the first step in successful import trade assessment. This requires comprehensive knowledge of the local market. For instance, in Bangladesh, the annual demand for sugar is 24 lakh tonnes. To meet this demand, five refiners import raw sugar from Brazil, which makes up 99% of the total requirement. However, illegal influxes can have a significant impact on import management, as reported by The Daily Star, resulting in a decrease in sugar imports. This emphasizes the need to closely monitor and estimate the market demand to ensure legal and smooth import processes. In summary, the first important feature of import management is estimating the current market demand, which requires a good understanding of the local market. This is crucial in meeting the demand and avoiding any illegal influxes that can disrupt the process. On the next slide, we will discuss another important feature of import management..

[Audio] Slide 22 of our presentation will discuss the crucial element of identifying the source of goods and services in import management. A successful and low-cost import process depends on efficient import management, which starts with researching and analyzing various markets. This involves considering different countries and suppliers to find the most cost-effective option. It is important to consider the quality of the goods and services from the identified source to maintain a good reputation and meet customer expectations. The source of goods and services can also affect the time and ease of importing, so it is necessary to thoroughly research the efficiency of the source country's import and trade processes. The linked article in the slide emphasizes the significance of choosing the right source for importing and the potential consequences of not doing so. In conclusion, identifying the source of goods and services is crucial for a successful import process, as it impacts the cost, quality, time, and ease of the process. Thorough research and careful consideration of various factors are essential in finding the most suitable source..

[Audio] Slide 23 discusses the importance of pricing policies in export-import management when it comes to determining the success of a product in the market. As an importer, it is crucial to carefully consider the price of the product and any discounts that will be offered to middlemen in the domestic market. These decisions have a significant impact on the target audience and potential buyers. We will now take a closer look at the various factors that influence pricing policies in export-import management, including market demand, production costs, competitor pricing, and exchange rates. By thoroughly evaluating these factors, a competitive and sustainable pricing strategy can be established. It is important to note that pricing policies may vary depending on the market and target consumers. What may be considered a reasonable price in one country may not be accepted in another. Therefore, it is crucial to understand market trends and local consumer behavior in order to determine the appropriate pricing for the product. Furthermore, pricing policies can also affect the relationship with middlemen and buyers. By offering attractive discounts to middlemen, a strong distribution network can be secured and the product can reach its intended buyers. In conclusion, pricing policies play a crucial role in the success of export-import management. By carefully considering all the factors and understanding the target market, the right price for the product can be determined in order to establish a strong presence in the market..

[Audio] "Slide 24 of 50: Market information plays a crucial role in the success of an import business. Staying ahead of the game and being able to navigate challenges in today's competitive market requires access to the right information. Through market intelligence, importers can gain a better understanding of the market and their competitors, enabling them to make informed decisions and assess their potential. Despite the challenges faced in the import industry, such as the high cost of sugar import, 11.4% inflation, and energy shortages, informed importers can still thrive. As long as the cost of products remains globally competitive, import can be a viable option. By staying informed and adapting to market trends, importers can overcome obstacles and achieve success in the import-export management field.".

[Audio] In today's global economy, trade plays a significant role in business growth and development. It is important for businesses to have a thorough understanding of export-import management in order to maintain competitiveness. One crucial aspect is cost and price management, as seen in the potential impact of the upcoming fiscal year's budget on popular beverage prices. Understanding trade laws and regulations in different countries is also key to avoiding legal issues. Effective communication and negotiation skills are vital in maintaining relationships with international suppliers and customers. As we continue with our presentation, we will delve deeper into the complexities of export-import management and provide the necessary tools and knowledge for success in this field..

[Audio] Today, we will be discussing slide number 26 of our presentation on Introduction to Export-Import Management, which focuses on customs clearance related policy. It is essential for firms to have fair and proper product selection and margin acquisition through imports. This is crucial for the company's success and profitability. A recent example of this can be seen with Sony, who has put 165000 PlayStation 2 games consoles on sale in the UK. However, due to import duties, Sony is faced with additional taxes on these imports. In order to ensure the best outcome for the company, Sony has decided to absorb the import duties instead of passing them on to European consumers. This decision was made considering the already higher retail prices in Europe compared to the US. By carefully managing customs clearance policies, firms can not only ensure their own profitability, but also provide fair prices to their consumers. Now, we will move on to the next slide..

[Audio] In the world of import and export, it is important to consider various factors. One crucial factor is the protection of the country's interests. Simply focusing on profit is not sufficient for importers. The impact on the country and its economy must also be taken into account. In Bangladesh, there are specific restrictions in place for importing goods. Imports from Israel and shipments on vessels under the Israeli flag are strictly prohibited due to political tensions between the two countries. In 1971, after gaining independence, Bangladesh was recognized by Israel in 1972. However, the government made clear that it would not recognize Israel until there is an independent Palestinian state. This stance is still maintained by Bangladesh today. The refusal to recognize Israel is a reminder for importers to carefully consider the political and diplomatic relationships between countries. Failure to do so not only affects the economy, but also the country's political standing. As we navigate the world of export-import management, it is essential to prioritize the country's interests and diplomatic relationships. Thank you for your attention. Please proceed to the next slide..

Types of Exporting.

[Audio] Slide number 29 of our presentation on Introduction to Export-Import Management focuses on the topic of indirect exporting. Indirect exporting is when a manufacturer outsources all activities related to foreign markets to a specialized company located in its home country. This means that the manufacturer does not directly handle the export process, but rather entrusts a third-party company to handle it for them. This type of exporting is often preferred by companies who do not have the resources or knowledge to handle the complexities of international markets. By working with a specialized company, the manufacturer can focus on their core business and leave the exporting process to the experts. These specialized companies are known by different names such as export trading companies, export management companies, export merchants, export brokers, combination export managers, manufacturer's export representatives, commission agents, and export distributors. It is important to note that these terms and labels are used inconsistently and may have different meanings depending on the context. In summary, indirect exporting allows manufacturers to still export their products without having to handle the complexities of international markets. They can entrust this process to specialized companies and focus on their main business. This concludes the section on exporting, now let's move on to the next topic in our presentation..

[Audio] Slide number 30 out of 50 in our presentation on "Introduction to Export-Import Management" focuses on the topic of indirect export and the two methods used for it. Indirect export involves selling goods to a third party who handles the export process. The first method is through merchant exporters or export houses, which act as intermediaries between the manufacturer and the overseas market. The second method is through visiting or resident buyers who purchase goods directly from the manufacturer. Indirect export is beneficial for new or resource-limited companies, allowing them to access new markets without establishing a presence overseas. In conclusion, indirect export plays a crucial role in export management and can be achieved through merchant exporters or selling to visiting or resident buyers. Let's now proceed to the next slide for a deeper understanding of export-import management..

[Audio] Slide number 31 of our presentation on Introduction to Export-Import Management discusses selling to a merchant exporter or export house. Merchant exporters are individuals or companies that purchase goods from manufacturers and sell them abroad, bearing all the risks and responsibilities involved in the exporting process. One key advantage of working with merchant exporters is their ability to make their own purchasing decisions, giving them flexibility in what to buy, where to buy, and at what price. They also have the advantage of setting up branches in port towns and foreign countries, expanding their global reach. Another benefit is their knowledge of market trends and their ability to tap into new and emerging markets. Additionally, merchant exporters specialize in specific commodities, making them experts in their field. For companies without an established export department, working with export houses is a viable option. These companies can sell their products to export houses, who handle the exporting process on their behalf. This concludes our brief overview of merchant exporters and export houses. The next slide will provide more information on export-import management..

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[Audio] Exporting is a crucial aspect of international trade and a vital factor in the success of any business. The presentation has covered various aspects of Export-Import Management, with a focus on exporting in this particular slide. There are two main ways of exporting, one of which is through resident buyers. These individuals act as buying representatives for large foreign companies and have significant purchasing power, which can greatly benefit manufacturers. One significant advantage of selling to resident buyers is that it relieves the manufacturer from the burden of export formalities. This allows them to enjoy the profits of exporting without being weighed down by the actual process of exporting goods. Additionally, resident buyers provide valuable market information such as guidance on product specifications, designs, and styles, as well as training in quality control. They can also offer advice on packaging, labeling, and shipping, helping manufacturers to adapt their products to suit the needs of the target market. In conclusion, working with resident buyers is an important strategy for manufacturers seeking to expand their business through exporting. It not only eases the process of exporting but also provides valuable insights and assistance in adapting products to the international market. We hope this presentation has been informative and helpful..

[Audio] Slide number 34 of our presentation on Introduction to Export-Import Management focuses on doing business in Guangzhou, China. As a major player in the global market, Guangzhou is a key city for import and export activities. Its well-established infrastructure and major manufacturing hub make it a hot spot for international trade. Xiaobei Lu, also known as "Little Africa", is a main business district in Guangzhou, particularly in wholesale and retail. Many foreign businesses have found success in this district, making it an important location for those interested in export-import management. To ensure a smooth and successful business venture in Guangzhou, it is important to have a thorough understanding of local business practices, laws, and regulations. The website http://www.business-in-guangzhou.com/tag/xiaobei-lu offers valuable insights and resources for anyone involved in export-import management. Guangzhou is a wealth of opportunities for businesses involved in import and export, and our presentation will cover other important aspects of this topic. Thank you for your attention..

[Audio] This presentation focuses on the key players in the international trade market. The Cannon Export Clothes Trade Center is a leading export hub for clothing, renowned for its high-quality products and efficient supply chain management system. The Tongtong Shoes&Clothing Trading City is a bustling market for fashion and footwear, offering a diverse range of products and attracting buyers from around the world. NAA CLOT is a dynamic and innovative clothing brand that has gained recognition among international buyers for its unique designs and high-quality products. The African-Pot Restaurant, located in the Tongtong Shoes&Clothing Trading City, is a popular dining spot and serves as a meeting point for buyers and traders. AJD is a well-established company specializing in the production and export of fashion accessories, known for their commitment to quality and timely delivery. These are just a few examples of the many key players in the international trade market, each playing a crucial role in the import and export of goods. Our presentation concludes here, thank you for joining us on this journey. Let's move on to the next slide for more information..

[Audio] Slide number 36 of our presentation on Introduction to Export-Import Management will focus on the Bole Clothing Market in Ethiopia. This market has become a popular destination for international buyers looking for unique and affordable African-inspired fashion. It offers a wide range of traditional and modern African clothing, catering not only to the local market but also to the global demand for African fashion. Additionally, the market provides economic opportunities for small business owners and artisans, contributing to the growth of the export-import market. In recent years, it has seen significant growth and attracted a large number of buyers from around the world, highlighting the potential of the African fashion industry and its impact on the global export-import market. Thank you for your attention and we will continue with our presentation on Introduction to Export-Import Management..

S. r Express.

[Audio] Slide 38 of our presentation will focus on direct exporting, which requires a significant commitment of resources but offers the manufacturer better control and market presence. There are two main options for direct exporting: direct market representation and independent market representation. Both options have their own benefits and disadvantages, and it is important for a company to carefully consider their resources and goals to determine the best approach. Direct market representation offers greater control and the opportunity to build a strong brand presence, but requires a significant investment. Independent market representation may be a more cost-effective option with less control and visibility. It is important for companies to carefully weigh these factors in order to choose the approach that best fits their goals and resources. Direct exporting is a great opportunity for companies to expand their market presence and reach new customers, but it requires careful planning and investment. The next slide will discuss indirect exporting and its advantages and challenges..

[Audio] Slide number 39 of our presentation on Introduction to Export-Import Management discusses the concept of direct market representation in the context of exporting. Direct market representation refers to companies selling their products directly to wholesalers or retailers in a foreign market. This mode of entry offers two major advantages - control and communications. One of the key benefits is the level of control it gives companies, allowing for easy implementation of decisions related to program development, resource allocation, and price changes. This enables the company to make necessary changes and steer their efforts. Another advantage is the opportunity to improve communications with the target market, as having a direct presence allows companies to learn and gather knowledge about the market and its consumers. This information can then be used to tailor products and marketing strategies. In conclusion, direct representation in a foreign market provides companies with more control and better communication, leading to a more successful and efficient exporting process. Now, we will move on to the next slide..

[Audio] Slide number 40 of our presentation on Introduction to Export-Import Management is about Premium Resellers. These are companies or individuals who have an exclusive license to distribute a specific brand or product in a particular region or country. They play a crucial role in the export-import trade by acting as intermediaries between the manufacturer and the end-consumer. This helps in expanding the reach of the product and maintaining its quality and authenticity. The text also mentions the example of "iPad Accessories" as a product that may have Premium and Authorized Resellers. Having exclusive resellers for high-demand products like Apple can help manage distribution and maintain the brand's image. In conclusion, Premium and Authorized Resellers are important in the export-import management industry because they act as a bridge between the manufacturer and the end-consumer and contribute to maintaining the quality and credibility of the products. Let's now move on to our next topic..

[Audio] Slide Number 41 of our Introduction to Export-Import Management presentation focuses on Independent Market Representation in exporting. This approach is commonly used by companies with limited sales volume, particularly in smaller countries where the market size may not be sufficient to justify direct representation. In these cases, independent agents or distributors can serve as effective entry vehicles to the market. These agents work on behalf of the exporter and represent multiple non-competing companies, earning their commission by obtaining orders. It is important to note that independent agents do not take ownership of the goods, but rather act as a representative for the exporter. This method is beneficial for companies without the resources or infrastructure to enter a new market directly, as it allows them to utilize the local expertise and network of the independent agent while minimizing costs and risks. However, careful selection and management of these agents is crucial to ensure successful results and maintain a positive reputation in the market. In the next slide, we will discuss the various types of independent agents and their roles in export-import management..

[Audio] In this session, we will cover the topic of Export-Import Management, with a focus on conducting business with China. We have included a link on this slide: http://www.manchester.ac.uk/study/international/country-specific-information/china-mainland/contacts/#country-profile, which provides valuable contacts and country-specific information about China. With its position as a major player in the global market, it is crucial for those in the export-import field to have a good understanding of China's business culture and guidelines. This link offers insight into China's economy, trade policies, and important contact information for government agencies and organizations. It will serve as a handy resource for those navigating the world of export-import management. This is slide number 42 out of 50 in our presentation. We hope this information will be helpful as you continue to learn about export-import management. Please feel free to refer back to this link for any future business needs with China. Let's now move on to our next slide..

[Audio] Slide number 43 of our presentation is focused on the topic of exporting. Specifically, we will be discussing independent market representation. When a company wants to expand into new markets, they may choose to use a distributor to sell their products. These distributors act as independent representatives of the exporting company, taking on the responsibility of buying and selling products in the market. This means that they also take on the risk of the market, from unsold products to profits. To compensate for this risk, distributors often demand higher margins compared to an agent's commission. In some cases, distributors may also request exclusive rights for a sales territory. However, this can sometimes create conflicts with competition laws that restrict the formation of exclusive distribution arrangements. It is crucial for companies to carefully consider their options when it comes to using distributors for their exporting needs. While they provide a convenient way to enter a new market, the high costs and restrictions associated with distributors must be taken into account. Moving on to slide number 44, we will explore more insights on Export-Import Management..

[Audio] Slide 44 out of 50 in our presentation on Introduction to Export-Import Management discusses the impact of business news on trade. Staying updated on the latest news is essential in the ever-changing global market, as it allows businesses to be aware of potential changes and developments that may affect their trade. A useful source for this is the website http://www.bizbangladesh.com, which provides a variety of news and articles on export and import, along with expert analysis and insights. This knowledge enables businesses to make informed decisions and maintain a competitive edge. It also enhances efficiency and profitability, while building trust with clients and partners. In conclusion, staying informed on business news is crucial for success in the export-import industry. Thank you and let's move on to our final slide.".

[Audio] In this slide, we will discuss piggyback exporting as a form of independent market representation. This strategy involves a manufacturer utilizing another company's distribution channel to sell their products, resulting in lower costs and reduced risk. Clear understanding of roles, responsibilities, and strong communication is important for successful piggyback exporting. It is a great opportunity for manufacturers to expand their reach and enter new markets in a more efficient and cost-effective manner. Let's now move on to the next slide to discuss another form of independent market representation..

[Audio] Exporting is a crucial part of international trade, involving selling products or services to another country. One approach is through independent market representation, partnering with a local entity or representative to promote and sell products. This has proven successful for the Kauai Kookie Kompany, a popular Hawaiian cookie company, through a partnership with travel agencies in Japan. This allows the cookies to be sold in a piggyback arrangement, reducing the need for tourists to carry them home. It also opens up new avenues for businesses to expand globally and understand the local market. Independent market representation is a valuable strategy for businesses entering the international market and can lead to successful partnerships. Please stay tuned for our final few slides as we wrap up this presentation..

https://www.kauaikookie.com.

[Audio] Today, we will be discussing a company called Frendy Travellstas, who specialize in affordable and convenient travel options for all types of travelers. Their top services include their blog, travel.coverbooktrave/.b/ogspot.sg, filled with useful information and tips for travelers. They also offer competitive flight tickets through their partnership with Air Asia X, a popular budget airline. Additionally, they provide Hangzhou service tickets for hassle-free transportation from the airport to your desired location. For budget-conscious travelers, Frendy Travellstas offers duty-free shopping opportunities at discounted prices. To plan your next trip, visit their website at RM99. You can also find more travel inspiration and tips on their blog, RMS7. Frendy Travellstas even offers a Penang Trip package for a fun and affordable trip to the beautiful island. For more information on this package, check out their blog, .11GQ!ekiss.ogspot.com. We hope you have gained valuable insights into how Frendy Travellstas can make your travel experience memorable. Stay tuned for our final slide where we will discuss the conclusion to our presentation..

[Audio] The management of export-import services has become increasingly important in today's global economy. Indian companies are taking advantage of unique characteristics in exporting services due to advancements in technology and accessibility. One major aspect is business process outsourcing, or BPO, which offers services such as finance, accounting, human resources, and design and engineering. These services can be easily delivered to foreign customers without the need for physical presence, known as 'embodied object export'. This allows for a more efficient and convenient means of exporting services, where soft services can be stored or embodied in a physical form and sent to the foreign customer. It is essential for businesses to have a thorough understanding of export-import service management in order to successfully enter the global market..

[Audio] Welcome back. We have now reached our final slide, number 50. In this slide, we will be discussing the cost-effective strategy of embodied people export in export-import management. This strategy focuses on analyzing the value chain of a company. It involves temporarily sending employees overseas to fulfill necessary tasks for clients. This approach, commonly referred to as embodied people export, is widely used for services like market research, product design, and management consultancy. What makes this strategy unique is its ability to offer a valuable and resource-saving option. By recognizing the importance of undocumented information, it ensures a more efficient and effective delivery of services. With that, we have come to the end of our presentation on Introduction to Export-Import Management. We hope this has provided you with a better understanding of the topic. Thank you for your time and attention. Have a great day..