On: November 11, 2020 By: David Noah
Here are five reasons exporting can be so much harder than domestic sales—(1) distance, (2) language and cultural barriers, (3) international trade terms, e.g. Incoterms 2020, (4) customs and country regulations, and (5) challenges getting paid—and resources and strategies for overcoming each.
On: November 9, 2020 By: Helen Mann
Importers and exporters know that international trade is an important part of the American economy. More than 39 million jobs—including 6 million manufacturing positions—depend on it. But less than a century ago, governments' protectionist measured hampered the U.S. economy.
On: October 12, 2020 By: Arnesh Roy
As an exporter, understanding the parties involved in international logistics and using the correct language is key to understanding everyone's role in the export process. It facilitates clear communication so that you, your customer, and your logistics partners are all on the same page.
On: September 21, 2020 By: Catherine J. Petersen
Before you calculate your final selling price and negotiate a sales contract, you and your buyer must agree upon who is responsible for transporting the merchandise as it makes its international journey. Incoterms 2020 rules provide a framework for assigning these costs and associated risks.
On: September 16, 2020 By: David Noah
While you can’t eliminate the possibility of something going wrong in an export, there are specific steps you can take to identify potential risks, analyze and evaluate them, and take the proper precautions to minimize them. This article identifies seven steps for evaluating export risk.
On: September 2, 2020 By: David Noah
HS codes. HTS codes. Schedule B codes. It's important to properly classify your products for import and export. But product classification numbers can change. Do you know where to go for an update?
On: August 24, 2020 By: Catherine J. Petersen
While Schedule B codes used for U.S. exports are 10-digits long, only the first six digits are the same as in the country of import. Each country is allowed to add up to four additional digits to further delineate the product. So how many digits do I include on my commercial invoice?
On: August 3, 2020 By: Roy Becker
When negotiating an international sale, one of the first questions you need to answer is: How will I get paid? In order to answer that question, you'll need to answer several more: When will I get paid—before or after delivery? What kind of guarantee do I get? In what currency will I be paid?
On: July 27, 2020 By: Joseph A. Robinson
American Chambers of Commerce, traditionally referred to as AmChams, advance the interests of American overseas businesses through advocacy, information, networking and business support services. There are more than 100 AmChams associated with the U.S. Chamber of Commerce across the globe.
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