Fundamentals of International Trade

MGMT X 460.903

This course provides the fundamentals for starting an international trading business. Topics include key trade organizations, marketing and sales channels, U.S. Customs rules, freight, financing, and insurance considerations.

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What you can learn.

Understand the sources of information for trading, monitoring, and evaluating commercial conditions worldwide
Identify potential suppliers, pricing information, and potential customers
Explore sources of funding for exporting and importing, methods of payment, foreign currency rules, and foreign contracts
Gain working knowledge of freight and transportation modes, packaging, insurance, and other logistics information

About this course:

This course covers the necessary procedures to start up an international trading business by providing a detailed introduction to the practices, procedures, and services used in the U.S. to export and import merchandise. Topics include organizations affecting international trade; sources of information for trading, monitoring, and evaluating commercial conditions in other countries; market research and planning by identifying potential suppliers, pricing merchandise, and resources to find buyers; sales channels, such as direct, agents, distributors, and representatives; merchandise regulations: control of exports and imports, the international classification system, responsibilities of U.S. Customs, rules, and related dues; financing: sources of funds for exports and imports, methods of payment, open account, direct, offsets, counter trade, barter, foreign currency exchanges, and contracts; and freighting: modes of transport, packaging, containerization, protection, and identification of merchandise and insurance.