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You have set up an import-export business and taken care of all its aspects. The next important step is to figure out the mode of shipping to get your product/service delivered. The blog below discusses the different types of shipping options available for transporting goods to another country. Land,
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You have started an international trade business, but how can you make it smooth? To ease this, the International Chamber of Commerce (ICC) publishes a set of rules called International Commercial Terms or Incoterms. Incoterms ensure simple and smooth international trade and prevent miscommunications in foreign trade contracts between buyers
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Documentation is a necessary part of export. This includes applying, submitting, obtaining, and producing the required documents or paperwork for exporting your goods to the foreign market. The government of India has recently made ‘Ease of business’ a streamlined process to reduce the number of documents required for export-import. With
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The GDP percentage of India’s exports of goods and services is 19.74%. The scope of export business is demanding and profitable. However, picking the right product and market for your export business is critical to make it a thriving business. Exporting opens up ample opportunities, but finding the
International Trade & Finance
An export email proposal is the first impression to international buyers, so it should include what the buyers want. Read here to learn how to write an export email proposal. Writing a proposal to international buyers may be simple, yet the most efficient way of introducing yourself and your product
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Read this blog to learn how to find international buyers for your export business through various channels. When starting an import-export business, the most critical question that strikes your mind is, “How do I find international buyers for my export business? “Attracting buyers in an unknown country involves steps and
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Finding the best market for your export business is essential to skyrocket your profit. Read here the steps to consider when choosing the right market for your export products. Companies looking to grow their business should consider exporting goods and services to other countries. But with 200 countries worldwide, how
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Starting an import-export business is a lucrative opportunity for entrepreneurs who are looking to expand into the global market. This allows companies to reach and cater to global audiences and connect with suppliers and buyers worldwide. Why should you start an import-export business? With the growth of eCommerce, the export-import
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Understanding FX Payments The foreign exchange (FX) market facilitates currency trading globally. For businesses engaged in international operations, FX payments are crucial but often challenging. Expectations vs Reality Businesses often anticipate quick, easy, and affordable FX payments. However, reality reveals complexities due to various factors. Factors Impacting FX Payments 1.
International Trade & Finance
India’s trade ecosystem is booming. In the fiscal year 2022-2023, exports surged to a record high of $770 billion, up 14% from the previous year. This growth was driven by strong demand for Indian goods and services in key markets around the world. The services sector played a major