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News
EU's Largest Trade Deal Finalised with Japan
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After 4 years and 18 rounds of negotiation, the EU has finalised the details of a trade agreement with Japan. The agreement represents the EU’s biggest ever trade deal, with the two partners making up almost one third of the world’s GDP through a combined population of 600 million people. The deal will see tariffs either removed or sharply cut, making exports to Japan easier. The trade agreement is being referred to as a rebuff to protectionism, and providing the political will of the nations involved remains supportive, it could be implemented later this year or early 2019.

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Analysis
German Exporters are Anxious in the Face of Rising Trade Barriers
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In a recent survey called Going International conducted by the Deutscher Industrie und Handelskammertag, the DIHK (the Association of German Chambers of Commerce and Industry), 40 percent of the 2,100 German exporters expressed frustations with increasing barriers to trade. Specifically, the multitude of certifications and security requirements that have appeared over the last few years  – in addition to increasing tariffs – have made things difficult for German export firms. The survey results are alaming and there are signs that uncertainty in the...

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Analysis
The Risks Involved in Export Management
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Due to accumulating outstanding invoices, the risk management of exports differs sharply from the domestic risks. Additionally, while trading in a different country you will certainly have to face various hurdles that you might not face in your own country. Some of the risks include the following:

 

1. Currency

More often than not, the currency of another country will be totally different from the one in your home country. Another factor that might prove to be quite problematic is the exchange rate. To counter these problems just ensure that you perform business quotations first in the...

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Practical Advice
Tips for Exporting in Spain
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Spain is a country that is fairly doing well economically, thanks to the latest rise of their economy. Historically, the country has always been doing well in trade. This is because it is strategically placed; it has many airports and harbours that connect it to other major continents. Therefore, conducting international business is easy for the country. In fact, the country is the 17th leading export economy worldwide. Here are some tips for exporting in Spain:

 

1. Familiarise Yourself with the Country

Prior to exporting goods in Spain, you must understand the country well. The...

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