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International Trade

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The rising stars of the world economy

Think of major players in the world economy and the US, Europe and Japan are likely to spring to mind. It may therefore be a surprise to learn that the collective economies of some of the world’s lesser known, but emerging, countries are now responsible for over half of the world economy when measured by total output.  And that figure is rising.  As a group, these countries are growing at a rate of 6% or more per annum.  East Asia’s economy now constitutes 8% and Latin America, Southern Africa and the Middle East between 5% and 7%.  In actual fact, compared to the US, Europe, and Japan, these newcomers to the scene are growing significantly faster and their grouped contribution rises every year.

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Top Seven Mistakes Made By Importers

Putting your faith – and your money – in a factory thousands of miles away is a daunting prospect. Reading some of the horror stories that abound on the internet, it’s easy to become petrified into inaction. Of course, any investment involves elements of risk, but there’s no reason why new importers should come unstuck, provided they are able and willing to learn from others’ experience. Here are seven of the most common mistakes those new to importing tend to make and how to avoid them.

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Building bridges between cultures for greater prosperity

Globalisation, modern technology and the integration of world markets all mean that businesses are increasingly finding themselves operating across many diverse cultural environments. However you communicate with business contacts overseas, though, there is always the potential for challenges arising from cultural differences. The need for businesses to be able to overcome intercultural differences and communication issues has grown exponentially.

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It’s all about trust – Building successful relationships with overseas suppliers

UK martial arts apparel business Scramble goes from strength to strength with the support of overseas manufacturers – MangoB2B finds out how. In this interview we put the spotlight on an up-and-coming British SME “Scramble” and its founder Matt Benyon.

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All that glitters is not gold

A great many suppliers and buyers rely on using business index websites to help establish contact with clients. These index websites list the services of sometimes millions of organisations and can be fantastic resources for businesses. Many of these service users will never meet in person and will put a lot of their trust in information supplied by these websites. Being aware of this, most successful index websites will use some sort of system to verify legitimacy and/or reputation of those it lists. Quite often users will also have to pay for this verification service to show that they can be trusted, as well as other perks to make them more marketable. But what happens when the verification process requires no real proof other than taking what they are told at face value? It opens the system to widespread abuse with the buyers suffering the most.

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Expand Your Horizons And Take Advantage Of What The World Has To Offer

For many SME’s the world of international trade can seem a daunting place full of expensive risks and complicated paper work. But for those that can overcome these hurdles they are able to expose their business to a near limitless world of possibility and opportunity. Taking advantage of these opportunities is a great way to enter new markets and expand your business. International trade in most large markets generates hundreds of billions and even trillions of Dollars(US) yet in places like the UK, only two out of ten businesses take part.

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Ripe Mango: Japan and its outstanding innovative SME manufacturers

In this series of articles we will be putting the spotlight on some of the most innovative and interesting sources of manufacturing in the world.  We start with the small to medium enterprises (SME) manufacturers of Japan.

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Free Trade by Stijn Hosdez

Free Trade Agreements Have Rules Of Origin

Free Trade Agreements (FTAs) have proved to be one of the best ways to open up foreign markets to exporters. Trade Agreements reduce barriers to exports. The reduction of trade barriers and the creation of a more stable and transparent trading and investment environment make it easier and cheaper for countries to export their products and services to trading partner markets

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Country Of Origin Labeling Is Cool

What exactly is COOL (Country Of Origin Labeling) any why is it so important ?

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How International Trade Payments Work

Here is an overview of how international trade payments function. This article sets out to explain different methods to minimize the risk of transaction exposure in the minds of both importers and exporters.

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Mango B2B is a trusted marketplace for businesses to buy & sell. If your business sells to other businesses then you should be listed here.

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