Foreign trade is one of the most lucrative areas for any business. But whether you're a manufacturer exporting a fleet of trucks or a small entrepreneur importing a shipment of native art, the maze of regulations, the piles of documentation, and the sheer differences in international business practices can create a world of confusion. From Kenneth D. Weiss, a leading specialist in world trade, here is a highly informative guide that unravels these secrets. Explains international business--including international transactions, import/export credit and payment, international shipping and insurance, regulatory agencies, documentation and customs clearance. Weiss also covers the finer points, such as who can and should go into importing and exporting, how the company should be set up, selecting suppliers, finding customers, and choosing target markets.
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Foreign trade is a billion dollar business in the United States --and growing. This easy-to-follow guide to starting and building a successful import or export business is packed with invaluable insights and practical advice on tapping into the lucrative global markets. Covering all the bases, from start-up considerations and operational procedures to marketing techniques and trade agreements, this completely updated and expanded edition of Building an Import/Export Business provides essential details on: Determining whether the import/export business is right for you --twenty key questions you should answer before diving in Setting up your business --opening a bank account, establishing your office, obtaining financing, setting up an accounting system Finding buyers --proven strategies to pinpoint your target market Understanding money matters --methods of payment in international trade, export credit and credit insurance, foreign currency transactions Handling documentation --commercial, banking, transportation, insurance, and government formalities documents Taking advantage of trade pacts --GATT, WTO, NAFTA, FTAA
KENNETH D. WEISS is the owner of Plans and Solutions, a corporation that helps importers, exporters, and other firms with business planning, marketing, analysis, and contracts. He has been an importer and exporter, a lecturer on international trade, and a consultant to numerous private firms and government organizations.
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