yash parak
TRANSCRIPT
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 1/31
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 2/31
2
NEED FOR INTERNATIONAL
BUSINESS
´ More and more firms around the world are
going global, including:
«Manufacturing firms
«Service companies (i.e. banks, insurance,
consulting firms)
« Art, film, and music companies
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 3/31
3
NEED FOR INTERNATIONAL
BUSINESS´ International business:
« causes the flow of ideas, services, and capital
across the world
« offers consumers new choices
« permits the acquisition of a wider variety of
products
« facilitates the mobility of labor, capital, andtechnology
« provides challenging employment opportunities
« reallocates resources, makes preferentialchoices, and shifts activities to a global level
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 4/31
4
WHAT IS INTERNATIONALBUSINESS?
International business consists of transactions
that are devised and carried out across
national borders to satisfy the objectives of
individuals, companies, and organizations.
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 5/31
EXPORT PROCEDURE´ Receipt of enquiry and sending quotations
´ Receipt of order or indent
´ Assessing importers credit worthiness and securing guarantee for payments
´ Obtaining export license
´ Obtaining pre-shipment finance
´ Production or procurement of goods
´ Pre shipment inspection
´ Excise clearance
´ Obtaining certificate of origin
´ Reservation of shipping space packing and forwarding
´ Insurance of goods
´ Customs clearance obtaining mates receipt
´ Payments of freight and issuance of bill of lading
´ Preparation of invoice
´ Securing payment
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 6/31
IMPORT PROCEDURE
´ Trade enquiry
´ Procurement of import license
´ Import of foreign exchange
´ Placing order or indent´ Obtaining letter or credit
´ Arranging for finance
´ Receipt of shipment advice
´ Retirement of import documents
´ Arrival of goods
´ Customs clearance and release of goods
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 7/31
FOREIGN TRADE PROMOTION MEASURES
AND SCHEMES
´ Duty drawback scheme
´ Export manufacturing under bond scheme
´ Exemption from payment of sales tax
´ Advance license scheme
´ Export promotion capital goods scheme
´ Scheme of recognizing export firms as export house
,trading house and superstar trading house
´ Export of services
´ Export finance
´ Export processing zones
´ 100 per cent export oriented units
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 8/31
DEPARTMENT OF COMMERCE
´ It is an apex body responsible for the country·s
external trade and all matters connected with it
´ It frames the import and export policy of thecountry
´ It helps in increasing commercial relations with
other countries , state trading , export promotional
measures and the development
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 9/31
EXPORT PROMOTION COUNCILS
´ They are the non profit organizations registered
with companies act
´ Their objective is to promote and develop the
country·s exports of particular products falling
under their jurisdiction
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 10/31
COMMODITY BOARDS
´ They have been specially established by the
government of India for the development of
production of traditional commodities and their
exports
´ There are seven commodity boards in India : coffee
board, rubber board , tobacco board, spice
board,cntal silk board, tea board and coir board
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 11/31
EXPORT INSPECTION COUNCIL
´ It was setup by the government of India under
section 3 of the export quality control and
inspection act 1963
´ It aims at sound development of external trade
through quality control
´ Barring some all the commodities destined for
exports must be passed by EIC
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 12/31
INTERN ATION AL TRADE PROMOTION
ORG ANIZ ATION (ITPO)´ ITPO was setup on 1st January 1992 under the
companies act 1956 under the ministry of commerce
´ It was formed by merging of two erstwhile agencies
trade development authority and trade fair authority of
India
´ Its headquarters is at new Delhi
´ It helps export firms participate in international fairsand exhibitions both within the country and outside
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 13/31
INDI AN INSTITUTE OF FOREIGN TRADE
(IIFT)
´ It is an institution that was setup in 1963 by the
government of India
´ Their primary objective is professionalizing the
country·s foreign trade management
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 14/31
INDI AN INSTITUTE OF PACKAGING (IIP)
´ It was setup as a national institute jointly by the
ministry of commerce ,the government of India and
the Indian packaging industries
´ Is headquarters is situated at Mumbai
´ It is training cum research institute pertaining to
packaging and testing units
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 15/31
STATE TRADING ORG ANIZ ATIONS
´ It was setup in may 1956.
´ The main objective of STC is to simulate trade ,
primarily export trade among different trading
partners of the world
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 16/31
WORLD BANK
The world bank was initially called International
Bank for Reconstruction and Development (IBRD).
It is designed to finance productive projects for the
economic development of member nations.
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 17/31
OBJECTIVES OF WORLD BANK
The main objectives of World Bank are as follows:
Protecting the environment
Investing in basic health and education and socialdevelopment
Strengthening the ability of the government to
deliver quality services.
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 18/31
OBJECTIVES OF WORLD BANK
The main objectives of World Bank are as follows:
Protecting the environment
Investing in basic health and education and socialdevelopment
Strengthening the ability of the government to
deliver quality services.
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 19/31
OBJECTIVES OF WORLD BANK
The main objectives of World Bank are as follows:
Protecting the environment
Investing in basic health and education and socialdevelopment
Strengthening the ability of the government to
deliver quality services.
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 20/31
INTERN ATION AL DEVELOPMENT
ASSOCI ATION Set up in 1960, affiliate of the world bank.
Established primarily to provide finance to the lessdeveloped member countries on a soft loan basis.
Also called Soft Loan Window of the IBRD.
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 21/31
INTERN ATION AL FIN ANCE CORPRATION
Was established in July 1956.
Main objective: To provide finance to the private
sector of developing countries. Also is affiliate of world bank, but has its own
separate legal entity.
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 22/31
MULTIN ATION AL INVESTMENT GUARANTEE
AGENCY
It was established in April 1988 to
supplement the functions of the World
Bank and IFC. To encourage flow of direct foreign investment into
the less developed member countries.
To provide promotional and advisory services. To establish credibility.
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 23/31
INTERN ATION AL MONETARY FUND
IMF was a result of the Bretton WoodConference and came into existence in
1947.Its main objectives are as follows: Promoting international monetary cooperation.
Expansion and balanced growth of internationaltrade.
Ensuring exchange rate stability.
To solve disequilibrium of balance of payments.
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 24/31
FUNCTIONS OF IMF
Some important functions of IMF include:
Acting as a short-term credit institution.
Providing machinery for the orderly adjustment of exchange rates.
Acting as a lending institution of foreign currency andcurrent transaction.
Determining the value of a country·s currency andaltering it, if needed, so as to bring about an orderlyadjustment of exchange rates of member countries.
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 25/31
WORLD TRADE ORG ANISATION (WTO)
WTO came into existence as an international
organisation for monitoring multi lateral trade in the
year 1995.
It replaced GAAT (General Agreement on Trade and
Tariffs).
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 26/31
OBJECTIVES OF WTO
To promote multi lateral trade.
Raise the standard of living of people in world.
To help the developing countries to get greatershare in international trade.
To reduce tariff and non-tariff barriers.
To bring about a linkage between trade policy,
environmental protection and sustainable
development.
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 27/31
FUNCTIONS OF WTO
WTO agreements cover trade in goods and services,
trade in intellectual property rights (TRIPS), trade in
investment measures (TRIMS), general agreement
on trade and services (GATS), agreements on
agriculture (AA) and, multi-fibre treaty.
It involves in implementation, administration and
operation of all the above agreements.
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 28/31
BENEFITS OF WTO
Helps promote international peace and facilitates
international business.
All disputes between member nationsare settledwith mutual consultations .
Rules make international trade and relations very
smooth and predictable
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 29/31
WTO AGREEMENTS
Agreements Forming Part Of GATT
Agreements On Agriculture
General Agreement On Trade In Services (GATS) Agreement On Trade Related Aspects Of Intellectual
Property Rights (TRIPS).
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 30/31
BIBLOGRAPHY
´ WWW.google.com
´ NCERT business studies text book
´
WWW.business guru.com
8/3/2019 yash parak
http://slidepdf.com/reader/full/yash-parak 31/31