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Why ImportExportExport is about sending products goods or commodities to another country where it is either not available or in shortageImport is similarly bringing in goods products or commodities which are not available or are in shortage in our CountryImportExport of Commodity goods products need to pass through the Countrys border recorded by the Customs at both the sides and the transaction is in foreign currency ExportImport is all about Foreign Trade and the World becomes your market International buying and selling are done through Banks Customs Shipping or airThe most Organized and Uniform business across the World is ImportExport The process you do in India is the same as the process anywhere in the WorldIt is suggested that it needs to be learnt in detail before entering into this business And it is very simple if the processes are followedImporting means buying foreign goods and services by citizens businesses and government of a country No matter how they are sent to the country They can be shipped sent it by email or even hand carried in personal luggage on a plane A country importing more than its export runs a trade deficit Whereas a country importing less than its exports create a trade surplusExporting means goods and services which are produced in one country are purchased in another country It is produced domestically and sold to someone in a foreign country Most countries want to increase their exports as it increases the GDP of the countryThe importexport business is nothing but an expansion of trade boundaries where several business models already exist A person beholding importexport license can sell his manufactured goods to the clients overseas can act as an intermediary between the local manufacture and buyer abroad or vice versa and can directly purchase good produced abroad and sell them in native market similar to the conventional business This business becomes unique with the involvement of various stakeholders and risks which do not come into picture with domestic trade WHY IMPORTEXPORT To achieve additional sales To extend a products life cycle To respond strategically to foreign competitors To improve the efficiency of manufacturing Motivation for selling exportsAdvantages of ImportExportIt is one of the simplest routes of entering into global trade and importexport generate huge employment opportunitiesRequires less investment in terms of time and money when contrasted with other methods of entering into the global tradeIt is comparatively less risky when compared with different routes of entering the international businessAs no nation can be 100 selfsufficient exportimport are very crucial for the functioning and growth of that nationIt can help Countries to access the best technologies available and the best products and services in the worldIt gives better control over the trade than setting up a market and the risk is considered lowWhy businesses prefer importexportBusinesses prefer importexport because it is one of the simplest routes of entering into the global trade It requires less investment in terms of time and money when contrasted with other methods of entering into the global trade It is comparatively less risky when compared with different routes of entering the international businessFor More Information visit us at globalfortunemissioncom.

Deepika Roy

@ blogger | Posted 09 Jan, 2020 | Others