Question

Assuming you are an exporter, getting ready to make your first shipment to the global markets;...

Assuming you are an exporter, getting ready to make your first shipment to the global markets; examine the impact of each of the following on your shipment to the global markets:

U.S regulations and compliance

Procedures for a successful export transaction

Programs and tax procedures to open markets

Intellectual property rights considerations

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Answer #1

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U.S regulations and compliance

US has very stringent rules and compliances. Many of products from developing countries are rejected at entry points by the custom officers. Thus, before making shipments to US one must have complete knowledge about rules and compliances of USA.

Procedures for a successful export transaction

Stringent procedures consist of lot of approvals and clearances would make export of shipments relatively difficult.

Programs and tax procedures to open markets

Programs and tax procedures create hurdles in shipments. Firm sending shipment has to pay taxes and duties. Lack of knowledge regarding tax payment may lands up firm in troubles.

Intellectual property rights considerations

Products must be IPR regime compliant. US is very particular about the IPR compliances. Infringement of IPR may lead to legal brawl.

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