...U.S. Trade Analysis with other Countries Abstract Purpose- This paper presents the analysis of U.S. imports and exports by managing the trade balance. It also presents the leading U.S. imports and exports in terms of value along with the important partners. Design/methodology/approach- The author explains the balance of trade including the rise and fall of U.S. trade deficit using the analysis between different countries imports and exports. Research limitations/implications- The study is limited to analysis of imports, exports, trade surplus and deficit of U.S. trading. Originality/value- This paper will help to build up the understanding about the basic imports, exports and importance of balancing the trade cycle for a country. Keywords- Deficit, Import, Export, Surplus, Economy Introduction Every country has to follow a set of policies, methods and processes in order to perform imports and exports. A number of conflicts arise due to weak foreign trading policies by countries. It requires professional expertise to manage the trade of a country. There are also a number of conflicts generated between the different countries related to financial decisions of countries. To eliminate the risk involved in financial issues a system of principles, procedures, policies, responsibilities, accountabilities are used by stakeholders. Many of the famous financial scandals are noted in the history occurring at Parmalat, Nortel, and Enron. It has cost a lot of drop in the market...
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...FACTORS CAUSING EXPORT BARRIERS AT SYED TRADERS Synopsis for final Project to be presented at the Department of Business Administration Kinnaird College for Women Student name: Tehmeed Gul Roll No: F10BBAM031 Tel: +92547-520042 Cell:+923334566618 E-mail:tehmeedgul@hotmail.com Supervisor Ms.Farhat Iqbal June 2014 In depth management analysis of Syed Traders * Rationale of the study The topic of my research is“EXPORT BARRIERS IN SYED TRADERS” The purpose of this research is to find out the perceptions of exporters facing problems in exploiting the competitive environment in the international market.Syed Trader’s team of exporters, packers, processors, shippers and employees is committed to consistently providing safe, high-quality fresh Fruits, Vegetables and Meat supplies, while protecting the environment in which its products are grown and processed. This research would help to identify the reasons of problems in export that causing loss, by analyzing the responses of different exporters and employees working in export companies. This research would facilitate by providing solutions and recommendations to cover the issues faced by export companies. * Problem identification Pakistan is one of the important countries in exporting their goods and products to different parts of the world around. Due to social and political constraints it is facing various issues in export processes that are affecting the market share in business...
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...of Science and Education Green Barriers and China’s Agricultural Product Export: Is There Any Relationship? Mudiarasan Kuppusamy1 & Behrooz Gharleghi1,2 1 Faculty of Business and Management, Asia Pacific University of Technology and Innovation, Kuala Lumpur, Malaysia 2 Centre for the Study of the Economics of Ageing (CSEA), Asia Pacific University of Technology and Innovation, Kuala Lumpur, Malaysia Correspondence: Behrooz Gharleghi, Faculty of Business and Management, Asia Pacific University of Technology and Innovation, TPM, 57000, Bukit Jail, Kuala Lumpur, Malaysia. Tel: 60-19-615-3515. E-mail: behrooz@apu.edu.my Received: April 4, 2014 Accepted: May 30, 2014 doi:10.5539/ass.v10n16p34 Online Published: July 24, 2014 URL: http://dx.doi.org/10.5539/ass.v10n16p34 Abstract As an agricultural country, the export of China's agricultural products are often suffered the restrictions from the green barriers. The positive green barriers can regulate the agricultural production in China, and promote the agricultural development and international trade; on the other hand, the negative green barriers would increase the cost of trade, trade friction, and prevent the development of international trade. So the research of influence of green barriers on China’s agricultural products is very realistic. According to the influence of green barriers on China’s agricultural exports, the corresponding countermeasures can be made to deal with the green barriers...
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...this small company of 1958 turned into a publicly listed diversified group of companies and employing more than 12,000 people. The current yearly group turnover is 300 million USD. And now Square Pharmaceuticals Limited is the largest pharmaceutical company in Bangladesh and it has been continuously in the 1st position among all national and multinational companies since 1985. It was established in 1958 and converted into a public limited company in 1991The sales turnover of SPL was more than Taka 7.5 Billion (US$ 107.91 million) with about 16.92% market share (April 2006– March 2007) having a growth rate of about 23.17%. B. Background of the Export: ➢ When, Why & How Square Pharmaceuticals stared its export business? They stared their business in 1987. They are the pioneer of this sector. They started their export business with some definite objectives like to ensure company’s growth, to engrave opportunities, to earn foreign currency and along all with these to increase the overall market image. At the very beginning the found their demand in Nepal, Myanmar and USA. Thus they started their...
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...Export Readiness Analysis 2XU is an Australian sports apparel company established in 2005, the firm employs 45 full time employees making the firm a SME (Small and Medium Sized Enterprise) (Global Execellance, 2013). The firm specialises in producing compression clothing in the growing international sportswear market, which is worth US$244 billion (Heathcote, 2013). 2XU began as born global, with goals to establish itself as a global brand from conception. These goals were achieved in 2007, with direct exports to distributors based in the United States. Since, 2007 the firm has established itself as a gloabal brand with exports to 57 countries world wide (Heathcote, 2013). A crucial aspect of 2XU establishing itself as an international firm, has been the successful application of Export Market Development Grants from Austrade totalling $500,000 (Australian, Business Financing Centre, 2013); with the EMDG, reducuing the initial costs of exporting. While 2XU, has already established itself as a global firm, the company needs to continue its expansion into new markets, if it is to achieve is goal of $1 billion of sales within the next 10 to 15 years. Therefore it must be asked, is 2XU is ready to begin exporting to a new market? Export readiness measures how prepared a firm is to conduct its business within a new export market. An Export ready firm must fufill three criteria, it must have; a competitive advantage, suitable and adequete resources and have a clear strategy...
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...a course requirement for course, Commercial Bank Management F-402 the report is on a “Analysis of Credit Risk Grading of Navana CNG Ltd.””, which is assigned to us by our honorable course instructor, Md. Sajib Hossain, Lecturer, Department of Finance, University of Dhaka. We were assigned by our honorable course instructor to collect data of our country’s foreign trade, export and import, top five imported goods, top five exported goods, top five import and export destination and trade of balance from the year 1990 to the year 2012, as per instruction we have collected the data from Bangladesh bank library. In this report we have included the yearly export and import which indicates the total amount of import and export of the country per year. And from those import and export payment receipts we have calculated the trade balance which is the result of the difference between the payment of import and export receipts. We have found out the major import and export goods to understand the foreign trade composition. Among them we have specifies the top five goods that are imported for the consumption and top five goods that are exported to other foreign nations to utilize the excess supply. We have also outlined the top five export destinations and top 5 import destinations to figure out the performance of foreign trade. From the analysis we have found out that our most preferred export countries are USA, Germany, UK, France and Japan. And preferred import countries are The...
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...Market Report Analysis And Forecast To 2020 Description: The report provides an in-depth analysis of the Wine Market in Bolivia. It presents the latest data of the market value, consumption, domestic production, exports and imports, price dynamics and food balance. The report shows the sales data, allowing you to identify the key drivers and restraints. You can find here a strategic analysis of key factors influencing the market. Forecasts illustrate how the market will be transformed in the medium term. Product coverage: Wine Data coverage: - Market value - Volume and dynamics of production - Volume and dynamics of exports/imports - Producer prices, import/export prices - Market trends, drivers and restraints - Forecast of the market dynamics in the medium term - Per-Capita Consumption Why buy this report? - Get the full picture of the market - Assess future market prospects - Adjust your marketing strategy The report will be provided within 3 working days after ordering. Contents: Table Of Contents 1. Introduction 1.1 Report Description 1.2 Research Methodology 2. Executive Summary 2.1 Key Findings 2.2 Market Trends 3. Market Overview 3.1 Market Value 3.2 Per-Capita Consumption 3.3 Market Forecast To 2020 4. Production 4.1 Production In 2007-2013 4.2 Harvested Area In 2007-2013 4.3 Yield In 2007-2013 5. Imports 5.1 Imports In 2007-2013 5.2 Imports By Countries 5.3 Import Prices By Countries 6. Exports 6.1 Exports In 2007-2013 ...
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...that are affordable to a wide array of people. The countries that I think would be the best to do business with would be India and China. Both India and China have large export markets for fashion accessories. From what I have read, Chinese markets for non-textile related goods and India for textiles. China has some restrictions right now on the import of textiles, whereas India does not. It will most likely be easier to find an English speaking vendor in India. China is currently the world’s biggest trading nation as of last year, measured by the sum of both exports and imports of goods. China’s exports and imports of goods last year came to a total of $3.87 trillion. India’s current GDP in PPP is 7,393,076 million. China’s current GDP in PPP is 18,030,932 million. Both China and India constitute unprecedented stories of economic development. They have already reached heavyweight status in the global economy due to the vibrant growth rates in the last decade. For many of the countries around the world, China is rapidly becoming the most important bilateral trade partner. At this rate, many European countries will be doing more individual trade with China than with European partners. Merchandise trade is a factor that is impacting global trade today. Both China and India’s merchandise exports are dominated by manufactures. The composition of these manufactures and the approach to their production...
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...CHAPTER - 7 Export procedure and documentation Export business occurs between two independent nations for expanding business there are some rules that have to follow. Accepting orders from abroad the sellers send their products with a traditional system under this rule. In this case the sellers are treated as exporter. There are various persons, government or non government organizations are involved with export business at present. These persons or organizations are divided into two criteria based on their nature and functions. Such as direct and indirect export. The direct exporters send their manufacturing products abroad themselves. Some companies run their export management system by setting dealers in abroad. In export business the intermediaries are treated as indirect exporters. These classes of exporters do not manufacture any product but export. Most of them complete the direct export exporting by buying products from home market after receiving orders. They are known as export merchant. Again many exporters work as a percent agent. Many intermediaries export product by making contract with manufacturers. They seek for foreign buyer on behalf of the exporters and take orders. They are known as manufacturers export agent. These kinds of exporters also take commission from buyers if they get chance. It is not the matter the exporters are treated in which name they have to do business of course under the international rule and regulations....
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...Week 5 – Country Analysis Saudi Arabia Describe The Economy A: Identify Type: predominantly agricultural, industrial, or service? Give Percentages The predominant industry in Saudi Arabia is Oil Exportation which is Agricultural/Service based. Saudi Arabia ranks as the global leader in petroleum exporting, it currently possesses 18% of the world’s petroleum reserves. The petroleum sector accounts for roughly 80% of budget revenues, 45% of GDP, and 90% of export earnings. B: Describe major products/services produced, exported, imported Profucts/Services Produced: Remains largely dependent on the production and export of oil. Saudi Arabia produces more oil and natural gas liquids than any other country in the world, more than 9 million barrels per day. Imports: Increasing demands for consumer goods in Saudi Arabia have driven up overall imports a trend that is expected to continue for the foreseeable future.. The largest categories of imported goods are machinery and vehicles, which make up more than 50 percent of all imports, as well as appliances, electrical equipment, sound and television apparatus, aircraft, and cars. In addition, the United States is Saudi Arabia’s leading source of imports for military equipment, machinery, foodstuffs, and transport equipment. The European countries, including Germany, France, and Britain, are other leading suppliers. Exports: Roughly 90 percent of Saudi exports are related to oil also including petrochemicals, plastics, construction...
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...The paper (Thirlwall 1979) represents a model that long term growth rate of countries can be determined by the ratio of export growth and the income elasticity of demand for foreign goods. Particularly, the model uses the balance of payment as an indicator to determine counties growth rate. Base on the article, this essay is separated into three parts, first, introduces the article in relation to Thirlwall’s law. Second, demonstrates the arguments of Thirlwall’s law. Lastly, examines the weakness of the model. The present section briefly introduces the aims of Thrilwall’s paper. Firstly, the paper (Thirlwall 1979) judged the classical approaches by using productivities and factor supplies to explain the different growth rate between countries that was not satisfactory. As the result, the differences could be explained by the constraints on demand; indeed, the balance of payment is the central constraint for an open economy. Then, the paper predicts that the growth rate can be examined by the relation between foreign countries’ rate of income expansion, which are the income elasticity of demand for export and the income elasticity of demand for imports (Grullon 2011). Moreover, the paper used developed countries as evidence to approximate the growth rate by using the balance of payment constraint growth model. The first argument of Thirlwall’s law lies on the constraint on demand instead of supply side, by explaining the differences in growth rate between countries. The...
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...Trading deficit in the U.S Article: Trading Deficit Grows Wider As Exports Hit Headwinds The Wall Street Journal, November 5, 2014 Part I Introduction： The article in the Wall Street Journal discusses the American trading deficit due to decreasing export. It first states the fact that the American trade gap has widened in September this year as export fell to a five-month low. The writer view this widen gap as the proof of how a stronger dollar and slower growth overseas could dent U.S export. Figure raised in the paragraphs include the rising of trade deficit of 7.6% and the decreasing of U.S export of 1.5% from August while the import stays unchanged. Quoted in the article that according to Michael Montgomery, an economist at HIS Global Insight: the drop in export is mostly due to the oil and aircraft industries. The article also brought up the reports about the U.S GDP growth expanded at a 3.5%annual rate in the third quarter. And from the reports, the writer argued that many people expect the growth will trim as U.S dollars continuing strengthen against foreign currencies and. Moreover, some experts predict the trade will drag on growth through the middle of next year. At the end of the article, the writer presented the figures about the U.S imports / exports with China and the figures about petroleum imports/exports to restate the problem of trading deficit. The topics covered in this article relates to macroeconomic knowledge learned in class...
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...Chapter THIRTEEN Export and Import Strategies Objectives • To introduce the ideas of export and import • To identify the elements of export and exporting strategies • To compare direct and indirect selling of exporting • To identify the elements of import and import strategies • To discuss the types and roles of third-party intermediaries in exporting • To discuss the role of countertrade in international business Chapter Overview The first part of Chapter Thirteen is devoted to an examination of export and import strategies. Table 13.1 identifies the steps to consider when developing an export (or import) business plan. Next, the roles of a wide variety of third-party intermediaries are discussed. The chapter concludes with a discussion of the major issues related to export financing, including the use of countertrade as a form of payment mechanism. Chapter Outline OPENING CASE: Grieve Corporation—A Small Business Export Strategy A small firm located near Chicago, Grieve Corporation manufactures laboratory and industrial ovens, furnaces, and heat processing systems for the U.S. market. Grieve began losing business as (i) foreign competitors began to penetrate the U.S. market and (ii) its customers began to move overseas and started sourcing locally. With the help of the International Trade Administration of the U.S. Department of Commerce, Grieve was able to identify potential Asian distributors. During a business trip to Asia, the...
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...The concept of ‘internationalization’ is strongly related to a process of involvement and accurate decision making regarding the entry or expansion into new or existing markets taking into consideration dynamic factors and limitations that could influence the entrepreneur. As Buckley J. and Ghauri N. (1999:85, 86) state, the meaning is used to describe how growth of international businesses is mainly dependant on the ‘inward-outward interlink’, thus acquiring foreign commitment over time through a six dimension pattern. The framework suggests that the success of international companies is linked to foreign operation methods and the change tendency as well as sales objects and targeted markets, organizational structure and personnel together with finance and technology. Therefore, in terms of analysing the start-up for a new venture, entrepreneurs should focus on developing and integrating the abovementioned and as Oviatt and McDougall (2004:31) indicate, gain the competitive advantage through resource utilisation and output sale in multiple countries. In order to achieve that, proactive strategies such as alliances, manufacturing capacity or marketing expertise should be taken into consideration as suggested by Buckley and Casson (1976:4) and consistent with a value added approach rather than asset owned. Therefore, the strategy is more concerned with small and medium size firms which start up locally and then mature to become consistent with the MNE theory and foreign direct...
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...guidelines stated at the end of this document will incur a deduction of marks. Research Assignment Context: Recently you have joined the firm X – one of the leading export firms in country Z (home country Australia or China or Malaysia). Your company is an exporter of goods or services (e.g., meat, wheat, mineral, computers or services such as education, tourism and health services). You have been assigned to the task of developing a strategic plan to expand company’s exports to the country Y (target country). Country Y could be an existing market or new market. Tasks: 1. Firm analysis - Provide a detailed account of the company concentrating on its current trading operations, export capacities, range of products and services, its market strength, and financial performances. Most of this information could be extracted from the company’s web site and internet (do not contact the company). 2. Market analysis – Evaluate the export market (e.g. total market volume of the goods or services, market share of the exporting country and the firm etc.). Comment on consumer preferences and potential demand for the product at the target country. 3. Country analysis – Provide a brief description about economic, political, legal and other relevant environments in the target country including potential risks. Also highlight export support structures present in home and target countries (if any). 4. Strategic plan – Outline your...
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