Export presentation
- 1. MORE EXPORT INDICATES THE COUNTRY UPWARDS IN ECONOMY Course : Export Import Process Course Code : EIB # 551 University of Dhaka Presented by ROHAN
- 2. The word export originated from a Latin word (exportāre). Ex- ‘out’ + portare ‘carry’. Means carry out. An export is a function whereby goods produced in one country are shipped to another country for future sale or trade EXPORTING Exporting is one way that businesses can rapidly expand their potential market. Exporting is the marketing and direct sales of domestically produced goods in another country. Exporting is the most traditional and well established form of operating foreign market.
- 3. Export and Economic growth Exports play an important role in economy, influencing the level of economic growth, employment and the balance of payments. Employment: Growth in exports can create employment. Economic growth: Rising exports will help increase AD and cause higher economic growth. Current account deficit: The strength of exports has a large role in determining the current account deficit.
- 4. Export promotion liberalization of trade. liberalization of capital flows. A floating exchange rate. Minimal Gov. intervention. Financing for export. Technical assistance and Training. Freight forwarders shall be guided by Freight Forwarders. Developing infrastructure, modernize Bangladesh Bank, Customs, Chittagong and Mongla sea ports to ensure institutional assistance. facilitate export of agricultural products, additional space in the aircrafts will be allotted alongside arranging separate cargo aircrafts. Initiatives need to be taken to develop necessary physical infrastructure-like electricity. Encourage product specific exports, every year one product will be declared the “Product of the Year. Steps will be taken to enhance the capacity of Bangladesh Missions abroad to promote export in the service sector.
- 5. Trade agreement Bay of Bengal Initiative for Multi-Sectorial Technical and Economic Cooperation (BIMSTEC) Free Trade Area. Pakistan-Bangladesh Free Trade Agreement. Trade Preferential System of the Organization of the Islamic Conference. Asia-Pacific Trade Agreement. Preferential Tariff Arrangement-Group of Eight Developing Countries. South Asian Free Trade Area. Global System of Trade Preferences among Developing Countries (GSTP) Protocol on Trade Negotiations (PTN). (EBA) arrangement: EU's Generalized Scheme of Preferences (GSP). Gov. in working on more FTA – with Malaysia, srilanka and with some other developed countries.
- 6. Export strategy country image building (advertising, promotional events etc.) Export support services (exporter training, technical assistance, capacity building, information on trade finance, logistics, customs, packaging, pricing. Marketing (trade fairs, exporter and importer missions, follow-up services offered by representatives abroad). Market research and publications (market surveys, on-line information on export markets, publications encouraging firms to export).
- 7. Export process Having an Export Order. Examination and Confirmation of Order. Manufacturing or Procuring Goods. Clearance from Central Excise. Pre-Shipment Inspection (Consignment-wise Inspection In-process Quality Control, and Self-Certification). Appointment of Clearing and Forwarding Agents. Goods to Port of Shipment. Port Formalities and Customs Clearance. Dispatch of Documents by Forwarding Agent to the Exporter. Certificate of Origin. Dispatch of Shipment Advice to the Importer. Submission of Documents to Bank. Claiming Export Incentives.
- 8. Documentation Commercial invoice Bill of lading Consumer invoice Certificate of origin Inspection certificate Dock receipt and warehouse receipt Destination control statement Insurance certificate Export license ERC Packing List Certificate of Inspection/Quality control Certificate of origin Bill of Exchange and Shipment Advice Shipping Bill/Bill of Export Port Trust Copy of Shipping Bill Freight Payment Certificate - Steamer Agents Insurance Premium Payment Certificate
- 9. Quality control In-house Quality Infrastructure Adopting ISO Standards Handling Quality Related Disputes Understanding Quality
- 10. Finding & Selecting Overseas Agents Updating business plan to reflect company’s expansion into foreign markets. Getting help from bank. Contacting with bank’s international department and meeting with someone who can provide assistance. Conducting Internet search for agents and distributors who are active in target market. Travel to the target country for the purpose of meeting with the most appropriate individuals. Foreign Agencies. Foreign Wholesalers. Assigning own sales person.
- 11. Shipping & Transportation The handling of transportation is similar for domestic orders and export orders The export marks should be added to the standard information shown on a domestic bill of lading The exporter should also include instructions for the inland carrier to notify the international freight forwarder by telephone on arrival International shipments are increasingly being made on a through bill of lading under a multimodal contract. The commodity name and description Incoterms Commercial invoice/pro forma invoice Packing list and certificate of origin (COO) The full name and address of the shipper The full address of the cargo location