Learn the ins and outs of the export-import business!Export-Import Theory, Practices, and Procedures is a comprehensive and in-depth analysis of international trade theories and techniques. International trade professionals, researchers, students, and members of chambers of commerce will benefit from concepts and theories that explain international trade operations and give clearly defined goals and procedures for your business. This excellent text offers chapter summaries, references, World Wide Web addresses, and features learning aids such as figures, tables, vignettes, and other illustrations to help you compete in the global marketplace and better educate students in the field.With this informative text, you will explore trade agreements such as the GATT/WTO, NAFTA, and the European Economic Community (EEC), and how they affect trade. For example, you will read about the investment and intellectual property policies, as well as rules on government procurements, safeguards, and services of NAFTA. Export-Import Theory, Practices, and Procedures examines export-import marketing and strategy concepts from setting up businesses to solving typical international logistics and transportation questions. Other areas you will examine include: documentation, risks, and different forms of insurance price setting in international trade export sales contracts documenting export-import trade the risks of foreign trade exchange rates and international trade methods of payment for exporting and importing goods the benefits and theories of countertrade the entry process for imports import relief to domestic industryExport-Import Theory, Practices, and Procedures covers everything you need to know to start and run an export-import business. With over 100 tables and figures and a plethora of Web sites and Internet addresses to visit, this excellent text assists you in understanding the theories, practices, and procedures of exporting and importing to help you make informed and profitable business decisions.

This book remains the sole export-import textbook aimed squarely at the academic audience. Discussing theoretical issues in depth, while maintaining a practical approach, it offers a comprehensive exploration of import procedures and export regulations. In addition to updated cases, this new edition includes: New major developments in bilateral and regional trade agreements Changes to INCOTERMS 2010 Coverage of the role of e-commerce Expanded updates on methods of payment, export pricing, and government export finance This clearly written and comprehensive textbook will ground students in theory and prepare them for the realities of a career in this fast-moving field. Suitable for upper-level undergraduates and postgraduates of international trade, the book stands alone in its blend of conceptual frameworks and cogent analysis. A related website, filled with export-import resources, opinion pieces, cases, and the latest news is located at: www.export-importtradecenter.com.

Learn the ins and outs of the export-import business!Export-Import Theory, Practices, and Procedures is a comprehensive and in-depth analysis of international trade theories and techniques. International trade professionals, researchers, students, and members of chambers of commerce will benefit from concepts and theories that explain international trade operations and give clearly defined goals and procedures for your business. This excellent text offers chapter summaries, references, World Wide Web addresses, and features learning aids such as figures, tables, vignettes, and other illustrations to help you compete in the global marketplace and better educate students in the field.With this informative text, you will explore trade agreements such as the GATT/WTO, NAFTA, and the European Economic Community (EEC), and how they affect trade. For example, you will read about the investment and intellectual property policies, as well as rules on government procurements, safeguards, and services of NAFTA. Export-Import Theory, Practices, and Procedures examines export-import marketing and strategy concepts from setting up businesses to solving typical international logistics and transportation questions. Other areas you will examine include: documentation, risks, and different forms of insurance price setting in international trade export sales contracts documenting export-import trade the risks of foreign trade exchange rates and international trade methods of payment for exporting and importing goods the benefits and theories of countertrade the entry process for imports import relief to domestic industryExport-Import Theory, Practices, and Procedures covers everything you need to know to start and run an export-import business. With over 100 tables and figures and a plethora of Web sites and Internet addresses to visit, this excellent text assists you in understanding the theories, practices, and procedures of exporting and importing to help you make informed and profitable business decisions.

This book remains the sole export–import textbook aimed squarely at the academic audience. Discussing theoretical issues in depth, while maintaining a practical approach, it offers a comprehensive exploration of import procedures and export regulations.

In addition to updated cases, this new edition includes:

New major developments in bilateral and regional trade agreements

Changes to INCOTERMS 2010

Coverage of the role of e-commerce

Expanded updates on methods of payment, export pricing, and government export finance

This clearly written and comprehensive textbook will ground students in theory and prepare them for the realities of a career in this fast-moving field. Suitable for upper-level undergraduates and postgraduates of international trade, the book stands alone in its blend of conceptual frameworks and cogent analysis. A related website, filled with export–import resources, opinion pieces, cases, and the latest news is located at: www.export-importtradecenter.com.

Table of Contents

Introduction. A Brief History of International Trade

Section 1. Overview of International Trade

1. Growth and Direction of Trade

2. International and Regional Agreements Affecting Trade

Section II. Export Planning and Strategy

3. Setting Up the Business

4. Planning and Preparations for Export

5. Export Channels of Distribution

6. International Logistics, Risk and Insurance

Section III. Executing the Transactions

7. Pricing in International Trade

8. Export Sales Contracts

9. Trade Documents and Transportation.

Section IV. Payment Terms and Procedures

10. Exchange Rates and International Trade

11. Methods of Payment

12. Countertrade

Section V. Financing Techniques and Vehicles

13. Capital Requirements and Private Sources of Financing

14. Government Export Financing Programs

Section VI. Export Regulations and Tax Incentives

15. Regulations and Policies Affecting Exports

Section VII. Import Procedures and Techniques

16. Import Regulations, Trade Intermediaries, and Services

17. Selecting Import Products and Suppliers

18. The Entry Process for Imports

19. Import Relief to Domestic Industry

20. Intellectual Property Rights

APPENDICES

Appendix A. Trading Opportunities in Selected Countries

Appendix B. Importing into the United States

Appendix C. Trade Profiles of Selected Nations

Appendix D. Applied, Weighted Mean Tariff Rates of Selected Countries (2014-2018)

Appendix E. China: Import-Export Duties and Taxes

Appendix F. US Trade Profile

Appendix G. Export Credit Agencies in Selected Countries

Appendix H. A Brief Comparison of Cargo Conventions

Appendix I. Countries That Are Members of Cargo Conventions

Appendix J. Freight Calculations

Appendix K. Sample Export Business Plan: Donga Michael Export Company

Appendix L. Sample Export Business Plan: Otoro Import Company

Appendix M. Export Sales Contract (Basic Clauses)

Appendix N. Sample Distributorship Agreement

Appendix O. Sample Sales Representative Agreement

Appendix P. Trade Documents

Index