ASSISTANCE FOR EMBARKING ON AN EXPORTING JOURNEY
The obstacle most cited by companies as an impediment to exporting is a lack of information. It’s not that information on exporting regulations doesn’t exist; rather, busy executives lack the time and personnel to find, interpret and apply it to their operations. Enter Exporting 101. This series of well-organized, easy-to-understand documents will help answer basic questions you have about exporting terminology, documentation, regulations and more.
And if you don’t find what you’re looking for here, don’t worry. WEDC’s export development manager would be happy to answer your specific export-related questions.
FOREIGN TRADE ZONES
Foreign Trade Zones (FTZs) were created in the United States to provide special customs procedures to U.S. organizations engaged in international trade-related activities.
EXPORT DEVELOPMENT PLANNING
Export documentation is a necessary process that all exporters must pay close attention to, as documentation requirements vary considerably by country, commodity and situation.
Establishing an appropriate price is one of the most crucial parts of the export marketing mix. When you establish a price for your product in a foreign market, you need to consider the kind of pricing concept you will apply to the product.
Prior to entering an export market, companies should first establish if they are export ready. In order to do so, it is helpful to look at the characteristics common to successful exporters and the fundamental decisions they had to make when considering whether to proactively pursue export market opportunities and the impact it might have on their business.
All U.S. exports (goods and services) are regulated by the U.S. Federal Government. To comply with federal law, your company must determine which government agency has jurisdiction over your exports and whether your exports need an export license.
Incoterms® are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) widely used in international commercial transactions. Incoterms® provide a common set of rules to clarify responsibilities of seller and buyers for the delivery of goods under a sales contract.
INTERNATIONAL METHODS OF PAYMENT
Among the most prominent concerns for new to export companies is the increased exposure to risk of payment default. A successful export transaction starts with the negotiation of a sales contract and ends with a timely payment.
EXPORT FINANCE & RISK MITIGATION
FINDING INTERNATIONAL PARTNERS
FOREIGN TRADE BARRIERS
FREE TRADE AGREEMENTS
INTERNATIONAL INTELLECTUAL PROPERTY PROTECTION
INTERNATIONAL MARKET RESEARCH
FOREIGN EXCHANGE AND CURRENCY
Exchange rates are determined in the foreign exchange market, which is open to a wide range of different types of buyers and sellers where currency trading is continuous. Exchange rates represent the linkage between one country and its partners in the global economy.
INTERNATIONAL BUSINESS TRAVEL
Any company involved in international business will eventually need to send staff abroad. When conducting business overseas, there may be visa and health requirements to consider, national holidays to avoid, trade events to try to coincide with your visit, and certain areas of the world to avoid.
The benefits of export trade, even during sluggish years, prove to keep Wisconsin’s companies intact. International trade opens an array of opportunities for Wisconsin companies, and the state’s exports play an essential role in powering output, employment and profits for the economy.