This course provides an introduction to the broad areas involved in import and export.
Involvement in international trade can often be an indication of a business having or gaining a competitive edge. It is a healthy business practice to look at the opportunities to import products to improve cost competition and take advantage of advanced technology.
This is a half-day course which is an introduction to the broad areas involved in import and export. The key components of the import process are covered with details on finding and selecting partners, terms of trade, commodity codes and customs procedure codes, valuation process, payment options and the border entry process.
Topics covered
- What is international trade and import/exports
- Finding and selecting partners
- Terms of trade and Incoterms®
- Commodity codes, procedure codes and origin
- Valuation and cost considerations
- Import export additional considerations
- Arranging cross border payments
- Entry process at the border
- Managing documentation