Global Trade

Agenda

What is global trade?What is global trade?

Why is trade important?Why is trade important?

Why should I trade?Why should I trade?

How trade worksHow trade works

Jobs in international tradeJobs in international trade

What is global trade?

Global trade, also known as international trade, Global trade, also known as international trade, is simply the exchange of goods and services is simply the exchange of goods and services

across international boundaries.across international boundaries.

Import Export

When did it begin?

Records from the 19th century BC attest Records from the 19th century BC attest to the existence of an Assyrian merchant to the existence of an Assyrian merchant colony at Kanesh in Cappadocia.colony at Kanesh in Cappadocia.

The domestication of camels allowed The domestication of camels allowed Arabian nomads to control long distance Arabian nomads to control long distance trade in spices and silk from the Far East.trade in spices and silk from the Far East.

Why is trade important?

Availability of products worldwide (competitive advantage)Availability of products worldwide (competitive advantage)

Reduce vulnerability and dependence on the domestic Reduce vulnerability and dependence on the domestic market (economy, seasonal fluctuations, weather, etc.)market (economy, seasonal fluctuations, weather, etc.)

Increase in product quality because of competition and Increase in product quality because of competition and higher quality standards required in other countrieshigher quality standards required in other countries

Fair trade raises working conditionsFair trade raises working conditions

Contributes to the economyContributes to the economy

competitive advantage

contributes to the economy

Why should I trade?

Enhance sales and profits through market Enhance sales and profits through market expansion. expansion.

• Exporting is profitable. In fact, 60% of small companies Exporting is profitable. In fact, 60% of small companies that engage in exporting derive 20% of their annual that engage in exporting derive 20% of their annual earnings from exports. earnings from exports.

Reduce cost of products by importing less expensive Reduce cost of products by importing less expensive raw materials and through foreign manufacturing. raw materials and through foreign manufacturing.

Learn new ideas and management techniques.Learn new ideas and management techniques.

Your store in the U.S.A. selling locally and/or nationally

320,760,000 people

Potential customers when selling locally and/or nationally

7,200,000,000 people

Potential customers when selling internationally

How trade works

Raw materials

Manufacture

Your product

Market research, regulations, consulting, etc. Buyers

Prepare packaging

Customs Shipping

Product sold

abroad

Export/import

Jobs in international trade

Something to think about…

““Nations that trade don’t go Nations that trade don’t go to war with each other”to war with each other”

-Guy Tozzoli, WTCA -Guy Tozzoli, WTCA

Lynn R. HíjarLynn R. Híjar

iBiz247 International Business CenteriBiz247 International Business Center

www.iBiz247.comwww.iBiz247.com

Happy trading!