In international business major and safest mode of payment is L/C. For importing, we need to open the import L/C. For export you need to receive Export L/C for successful business deal. L/C has certain rules and procedure to manage. As per Bangladesh Import policy importer must open the L/C to import the goods (exceptions applied in some cases). Either for Import L/C or export L/C , technical knowledge on L/C rules and procedure, its possible financing and necessary risk management through insurance coverage is required. Due to mismanagement of those aspects, companies may fall in deep hassle and incur huge loss in Business.
If the goods you need for your business are unavailable in this country or cost less in others, then you may want to import them. Importing commercial goods into Bangladesh is a regulated activity. The Chief Controller of Import and Export authority is the government organization that enforces import regulations. Major imports are machinery and equipment, chemicals, iron and steel, textiles, foodstuffs, petroleum products .Main import partners are China 21.7%, India 16.3%, Malaysia 5.2%, Republic of Korea 4.5%, Japan 4.1% . Thinking of finding new markets for your products or services? Exporting is one way to increase sales and grow your business. While the rewards of exporting can be great, it is not without risks. Learning the basics, conducting research and staying informed can help you succeed in your export venture. Major Exports commodities are garments, knitwear, agricultural products, frozen food (fish and seafood), jute and jute goods, leather .These products are bought, sold, represented and distributed somewhere in the world on a daily basis. Main Export partners are US 18.7%, Germany 15.8%, UK 10.2%, France 6.2%, Spain 4.6%, Canada 4.3%, Italy 4% except Israel.
This course is designed and articulated to sharpen participant’s knowledge and skills in doing and handling Export –Import business efficiently and successfully. Step by step process and procedures have been described as participants can gather knowledge easily and implement the training result in the real life business. This course is planned such a way that within a short period of time the participants can sharpen their knowledge in International Business. Precipitants will be truly benefited just walk away from the training room and also they will get a profitable & prestigious career progression either in job or business.
•Explain the main concept of L/C Types, L/C Financing/C Management, and IMPORT through L/C and EXPORT through L/C, Risk and Insurance Management under International business.
•It aims to provide participants foundational and advanced knowledge on how to tackle, resolve, and manage myriad complex problems and issues that confront Export-Import managers.
•The purpose of the course is to recognize the right and complete process and procedure of Export-Import Business through L/C.
•Strengthening the Capacity of the professional involves in Export-Import as they can find out GAP and minimize cost
•Export the products and services with irrevocable L/C to the right places in right time and satisfy the customer
•Import the products and services with irrevocable L/C from the right places in right time and satisfy the customer.
The main objective of the training program is to provide ...Commercial
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