|Ready or Not, Myanmar Enters the Global Arena—Part 1: An Introduction
3/10/2014 - by Prema NakraMyanmar sits at the crossroads of Asia's great civilizations of India and China, but the country was largely isolated because of four decades of communist rule. Myanmar's recent opening up means that for the first time in more than 50 years foreign government officials, businesses and tourists have an opportunity to visit and explore the country without censorship or restrictions. This article, the first in a series of three, discusses the progress made by Myanmar to become a part of the global economy and the challenges that international businesses will face.
Localizing Your Products for International Markets
3/3/2014 - by Becky DeStigterLocalizing products or services means that your company makes changes to its offering in order to be able to sell more in another geographic market. There is not a product or service in the world that can be sold universally without at least some localization. How much localization is required, and whether or not it is worth doing, requires an evaluation of your products and the international markets you wish to sell to.
International Trade Risk: Assessing Banks and Bank Risk
2/24/2014 - by Roberto BergamiThis is the seventh part in my series of articles on assessing risk in international trade. In the last two article of this series I concentrated on the issue of country competitiveness and fairness of trade. In this article I will discuss the role banks play in international trade and the potential risks you should be aware of.
How Do They Say Hello in France at 4 a.m.?
2/17/2014 - by Roy BeckerMany customers use international wire transfers when making payments overseas. This includes businesses paying invoices as well as individuals sending money to relatives. On rare occasions, and for a variety of reasons, the money doesn't arrive promptly at the beneficiary's bank. In such cases, the remitting bank traces the wire to determine where the money went, what went wrong, and how to correct the problem so the beneficiary receives the funds. Sometimes that can be a challenge.
To B or not to B?
2/10/2014 - by John GoodrichMy customer wants me to complete a certificate of origin for the Panama Free Trade agreement. They gave me a form that looks much like the official NAFTA certificate. When I declared the preference criterion, I simply put B in the field. My customer rejected my certificate and told me I had to claim B1 or B2 to indicate which part of the General Note 35 rule I had used. I don't understand. I thought I only had to claim A, B or C preference criteria just like under the NAFTA.
Keeping Up with Changes to the Dangerous Goods Transportation Regulations
2/3/2014 - by Robert SmithStaying current with your training certification is only part of your responsibilities as a hazmat/dangerous goods shipper. It's equally important to keep well-informed about any changes to the regulations and how they might affect your business.
Six Basic Steps for Export Compliance
1/27/2014 - by David NoahExport compliance regulations don't just apply to the big guys. Even the
smallest U.S. businesses that send their products to customers outside the
country are subject to a variety of export regulations and could face
substantial penalties for violating these rules. Unfortunately for many
small and medium-sized businesses, company personnel may not know these
requirements until it's too late.
Where Does Risk Pass in Your International Shipments?
1/20/2014 - by Roy BeckerEarly in my career, I heard debates on the topic: Where does risk pass? It seemed, among bankers anyway, this debate belonged to lawyers for argument in court. Now, thanks to the undertaking of the International Chamber of Commerce (ICC), we have the answer to the question: Incoterms 2010.