yash parak

8/3/2019 yash parak

http://slidepdf.com/reader/full/yash-parak 1/31

8/3/2019 yash parak


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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








8/3/2019 yash parak


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


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


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


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


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


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


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


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


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


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


BIBLOGRAPHY

´ WWW.google.com

´ NCERT business studies text book

´

WWW.business guru.com

8/3/2019 yash parak


yash parak

Documents