![]() It usually contains description of item, quality, price and date of shipment The delivery of letter of inquiry for a certain commodity by Importer to the exporter (letter of inquiry). The promotion of commodities to be exported using promotional media such as advertisement in electronic media, magazine, newspaper, trade show, or using institution/agency related to the export promotional activities such as Directorate General PEN, Chamber of Commerce and Industry, Trade Attaché, and so forth. The contract is the basis for the buyer to fill the application form of L/C to the bank ![]() It contains the payment requirements of the sold goods, such as prices, quality, quantity, shipping method, insurance and others. Sales contract is an approval document/letter between seller and buyer which is the follow up of purchase order requested by importer. Kemendag Terus Genjot Ekspor, Adakan Misi Dagang ke Taiwan.Quality Management and Competition Training.Promotion and Export Communication Training.Professional Education of Rubber Technology.Professional Education for Export Import Management.Four Primary Stages in The Export Process (Using L/C).Asuransi Ekspor Indonesia (Indonesia Export Insurance) Indonesian Export Financing Institution.Resources like UKTI are incredibly useful, and the government should do more to raise awareness of these services to boost growth among UK enterprises. My key ideaīusinesses should implement well-researched export strategies in order to develop themselves. More must be done to give them that access and help them grow through exporting. That needs to change.īusinesses require access to expertise and finance to export. ![]() In order to begin exporting successfully, companies must have access to funding and this, whether it’s through banks or private equity, can be very difficult. It’s easy to invest a lot of good money after bad if you get that wrong, and that can be absolutely disastrous, and could even destroy your brand. Once they’ve done that, it’s essential to find the right partner on the ground. Points of difference are essential.īusinesses should target the countries they think will give them the best initial route to market. There’s no point in exporting if they have a product that fails to stand out in any given market. Companies must be innovative with their portfolio of products. But there are massive opportunities for those with a robust plan aiming to export outside of the EU. If you examine where Britain is in terms of exporting, you’ll see that our biggest markets still tend to be fairly local – mostly in the EU. Businesses could generate more turnover, more profit and more investment, and that’d be good for Britain’s economy as a whole./īusinesses also need to look further afield in their exporting ambitions. If more businesses knew about and used the support on offer, then as a country we would be better positioned to get on the export trail. In our case, it was actually our bank, Barclays, who were first to introduce our business to UKTI, which was a crucial step for us. I would really like to see the government doing more to increase awareness of UKTI. We have found UKTI extremely useful, but not enough businesses know about its services. ![]() These teams understand the local markets, and the feedback and initial research they can provide is very thorough. It has embassy teams on the ground in over 100 markets across the world. It’s about finding out which markets work best for your business. From our perspective, the US has very strict laws around products being flame retardant, so we export components to the US rather than our whole mattresses. That’s not to say there aren’t options – you just have to be innovative in your approach. But depending on your product or service, different systems and laws can make it very difficult to get your product into these markets. For example, everyone thinks of China and the US as the lands of opportunity when it comes to exporting. We’ve found that initial moves have to be very considered. Planning your strategyīusinesses need to take their time with exporting. It can also reduce exposure to risk, by distributing sales across various countries or regions. ![]() Entering export markets can boost turnover and improve innovation as firms develop new products for particular markets. As we recover from the deepest recession we’ve seen in decades, some areas of the British economy remain quite fragile, so it’s wise for companies to hedge their bets in other markets. Exporting may seem like a difficult step to take for some businesses, but not only are there huge benefits, there’s also plenty of help available if you look in the right places.īusinesses are 11% more likely to survive if they export, according to research by UK Trade and Investment (UKTI). ![]()
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