This strain is forcing high energy costs on European companies which in turn will inevitably affect imports from Europe and the companies buying them as prices soar to accommodate energy costs. What could this mean for business owners enmeshed in globalization? Well, if you’re importing from Europe or doing business with anyone in the EU, expect higher trade prices as European companies are attempting to offset the cost of rising energy, especially if Russia puts embargos on their oil.
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Expanding into new territory is an exciting venture, but not without its risks. Before consideration of globalization, you should have a trustworthy International Attorney on retainer to ensure smooth transition. In partnership with your attorney, there are three critical points of action that will help you to avoid any catastrophes in the process…
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If you are like many people who know how important it is to do business in Africa right now, you have the idea and do not know where to start. Maybe you want to export, farm there, or sell something there. In this article we recognize that Africa is a huge Continent, so we'll take a closer look at individual countries. We start with how to establish a business in Ghana. The Ghana Investment Promotion Centre Act (GIPC) outlines the fundamental requirements of Non-Ghanaians starting a business in Ghana.
Doing business in Ghana is actually not as hard as it may seem at first. The Ghana Investment Promotion Centre Act (GIPC) outlines the fundamentals for Non-Ghanaians starting a business.
The U.S. Ambassador to India - Harsh Shringla - released just yesterday (January 8, 2020) that the United States and India are in talks about an exclusive trade agreement. The agreement would grant business owners of both nations preferential market access. Shringla, the now-former ambassador is set to take on his role as India's next foreign secretary later on this month.
His comments state that there has been success in bridging the gap during the latest trade talks for new trade packages. The current conversations are setting a stage for a much bigger bilateral trade agreement.
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It causes flu symptoms - and passengers on planes could expect to be temperature tested upon entry and being quarantined if the traveler displays symptoms. The CDC urges people having recently traveled to Wuhan in the past two weeks to seek medical care immediately in the event of fever, coughing, or difficulty breathing though the symptoms should present most prominently and most quickly in older adults or in anyone with underlying health conditions as they may be at greater risk and only if they’ve come into contact with someone who recently returned from China (in the last two weeks)
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January 15th, the United States and China signed a Phase 1 Deal, but a lot of people are concerned about what it will mean for international traders in both countries. According to the National Law Review, the existing Tariffs for goods on List 4A would be reduced from 15% to a mere 7.5% by Valentine’s Day.
China, too, has imposed some tariffs - but there is no information thus far on exactly when this will happen - though it is said to be a necessity.
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Since the outbreak of the Coronavirus, the world has stayed attached to their mobile devices and computers, waiting for updates in real-time on the growing epidemic that many fear could become a global pandemic that makes the SARS outbreak of 2003 appear tame. The world was frankly - not prepared for a global pandemic, and speculation is flying on what it could mean…
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We have discussed the social and cultural Factors before, but make sure you know what the literacy rate is and the average educational level in the country? If you are selling to or your product is designed for the middle class, make sure there actually is a middle class that would support your product?
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Culture is very important in business and has an impact on the strategic direction of business. Culture influences management, decisions and all business functions from accounting to production. Don’t just think in terms of the national culture but also in business think of meetings, negotiation, formalities, social media use, internships and work placements hierarchy.
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So outsourcing is not just international, not just for the largest corporations and not just for saving money why then do some companies skip outsourcing?
A lot of companies don't outsource simply because they don't even realize the option is there. Without a creative mind on your team - it can sometimes be difficult to discover any way that outsourcing could be helpful. Ever heard of Influencer Marketing?
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When imports enter a country they normally have a tariff or a tax. So for example: when you are purchasing an item from France it’s more expensive because of a duty that the importer had to pay for it to come in. When a Trade Agreement is negotiated there is an elimination of that tax then the import comes in freely and the item may be less expensive than one you could purchase in the United States. If too many of those items are coming in then there may be concerns that there needs to be protection of that industry.
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