Question

Interview people involved in exporting such as members of a bank’s international department, foreign freight forwarders, export departments of a local multinational, the foreign trade specialists in the Department of Commerce or the manager of a Foreign Trade Zone. Discuss what these people do in their job functions.

Answer 1

Job functions:

Members of a bank’s international department:

1. Develop and maintain banking services related to international accounts

2. Monitors subordinates work performances and reports to the analysis to the department head

3. Ensure the goals are met and fulfilling of the business targets within approved budget

Foreign freight forwarders:

1. Responsible for the movement of goods from one place to another

2. Monitor freight moving across the borders

3. Responsible for customs documentation, handling the packing, insurance, and other necessary regulatory requirements

Export departments of a local multinational:

1. Responsible to handle import and export documentation part

2. Estimating the actual transportation cost and shipping negotiation

3. Process maintenance of logistics and supply chain

The foreign trade specialists in the Department of Commerce:

1. Performing the duty of credit and financial activity by coordinating with the import and export operations to obtain the payments from them

2. Specialist performs the role of an advisor in solving matters like tariffs, market planning, and other sorts of regulation on the part of federal and foreign trades

3. Responsible for promoting business and maintain the alliances with other foreign countries

The manager of a Foreign Trade Zone:

1. Responsible to process the orders across from the worldwide customers

2. Building the strong relationship with the distributors and the customers

3. Responsible to update the internal as well as an external system to check the orders are correctly forwarded and timely processed