1.

Through an example, describe the export

process of some merchandise or product
of a local company, you must include the
documents that are required for import
and export, as well as the export
strategies used.
An example of the export process for a local company
that produces handmade crafts, such as pottery and
woven textiles.

Research and market analysis: The local company

would first research and analyze potential
markets for their products. They may use online
resources, attend trade shows, or even visit
potential markets in person to gather information
about local tastes, preferences, and regulations.
Obtain necessary licenses and permits: Before
exporting, the local company would need to
obtain the necessary licenses and permits for
exporting their products. These might include an
Export Declaration, Export License, Certificate of
Origin, and other documents required by the
importing country.
Packaging and transportation: The company BIBLIOGRAPHY:

Activity 9.
would need to package its products for export, Segal, T. (2022, December 18). What
ensuring that they are properly protected and
Are Exports? Definition, Benefits, and
labeled with all necessary information. They would
Examples. Investopedia.
then arrange for transportation of their products
to the port of departure, such as a trucking
company or shipping carrier.
Customs clearance: Once the products arrive at
https://www.investopedia.com/terms/
e/export.asp Export
the port of departure, the company would work
with a customs agent to clear their products for
export. This would involve submitting all
necessary documents, including the Export
comparative advantage | Definition,
Economics, & Facts Definition |
Britannica Money. (n.d.).
process
https://www.britannica.com/topic/co
Declaration and Certificate of Origin, and paying
mparative-advantage
Description:
any applicable fees or taxes. The student will analyze and
Export strategies: The company may use various
strategies to promote and sell its products in the https://royal-courier.com/en/foreign- respond to concepts related to
target market, such as attending trade shows or trade/characteristics-of-foreign- the export process, will discuss
trade/
exhibitions, partnering with local distributors, or them in a team and will prepare
using e-commerce platforms. They may also offer
discounts or other incentives to encourage a presentation.
 1. WHAT IS EXPORT AND ITS
CHARACTERISTICS?
Exports are goods and services that are
produced in one country and sold to
buyers in another.
Exchange of different goods and
services.
Necessary regulations and
measures.
Currency flow is reflected in the
exchange rate.
Encourage the production of a
country.
Expand offers in the international
market.
2. WHAT IS IMPORT AND ITS
CHARACTERISTICS?
import trade refers to the process of purchasing
goods or services from other countries for use
or resale in one's own country. Here are some
characteristics of import trade:
Globalization: Import trade has become an
integral part of the global economy.
Diversification: Import trade allows
businesses to access a wider range of
products than they might find domestically.
Cost-effectiveness: In some cases,
importing goods can be more cost-effective
than producing them domestically.
Tariffs and regulations: Import trade is
subject to a range of tariffs, taxes, and
regulations imposed by governments.
3. Mention the main
characteristics of
exporters.
Exporters are businesses or individuals who sell goods
or services to foreign countries. Here are some
characteristics of exporters:
1. Global mindset: Exporters have a global
perspective and are knowledgeable about
international trade regulations, customs, and
cultures.
2. Market-oriented: Exporters have a market-oriented
approach and understand the needs and
preferences of their target customers in foreign
countries. 4. What is a customs
3. Diversification: Exporters tend to have a diverse
agent?
range of products or services to offer in order to
cater to different markets and needs.
4. Risk management: Exporters need to manage risks
associated with international trade, including A customs agent, also known as a
currency fluctuations, political instability, and
customs broker, is a person or
regulatory changes.
5. Adaptability: Exporters need to be adaptable to company that facilitates the import
changing market conditions and trends, and and export of goods across
should be able to adjust their strategies international borders. Customs
accordingly. agents work on behalf of importers
6. Financial stability: Exporting can require and exporters to ensure that their
significant investment in infrastructure, marketing,
shipments comply with customs
and logistics. Exporters need to have strong
financial stability to be able to invest in these
regulations and are cleared for entry
areas. into or exit from a country.
7. Compliance with regulations: Exporters need to
comply with various regulations related to
international trade, including customs regulations,
export controls, and trade sanctions.