Question

What steps need to be taken for someone in Senegal Africa to start exporting their business globally? Is fair trade a possibility? What is involved with fair trade with the U.S.?

Answer 1

Steps that needs to be taken to start a business are as follows:

• Analyse the local taste, cultural choices prevailing in the region
• Check compatibility of your products with customers' requirement
• Understand the economy
• Keep yourself informed about legal laws and regulations of the country
• Check financial feasibility of the product

Yes, fair trade is definitely a possibility as almost all the countries these days have good policies for welcoming foreign companies to set business in their country.