KNOWLEDGE

The growing importance of sustainability in Global Trade and Export

Sustainability has become a pivotal factor in international trade. Exporters are increasingly expected to align with environmental and ethical standards to meet the demands of global markets. This shift is not only driven by regulatory requirements but also by consumer preferences and investor expectations. Many importers from various countries and regions prioritize sourcing from vendors […]

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TOP MISTAKES SMES MAKE IN EXPORT, AND HOW TO AVOID THEM? (PART 3)

In the previous articles, we summarized a few “mistakes” that SMEs (small and medium-sized companies) make most often in Export and International Expansion: [Link to the Part 1] [Link to the Part 2] Part 3  Mistake #6: Failing to localize the value proposition  This mistake is often made by all companies, including multinational corporations. But

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Mistakes in Exporting

Top mistakes SMEs make in export, and how to avoid them? (Part 2)

In the previous article, we summarized a few “mistakes” that small and medium-sized companies make most often in Export and International Expansion: [Link to the Part 1]  Part 2  Mistake #4: Underestimating export costs  Small and medium-sized enterprises often overlook the real cost of export and market entry.  The cost of customer acquisition is often

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Top_Mistakes SME exporters

Top mistakes SMEs make in export and how to avoid them? (Part 1)

International Trade is expensive: international trips, certification, consultancy, sample delivery, etc. You name it.  Every company, especially an SME that has limited access to resources, tries to be careful while expanding internationally because the price for each mistake is very high. However, representatives of famous Trade Promotion agencies in Europe often mention that “90% of

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SMEs vs. the New Trade Order: Winning in a World of Fragmented Markets

For years and decades, the playing ground of International Trade was defined by openness and rapid expansion. It was still technically complicated to enter new markets because of the cultural, and regulatory barriers, etc. but for many years exporters haven’t heard about geopolitical tensions, tariff wars, and consequently, rising government protectionism.   Small and medium-sized exporters,

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How to Export Innovative Products to GCC in the Middles East?

45 million people live in the six Gulf Cooperation Council (GCC) member states: Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, and the United Arab Emirates (UAE). About 30% of the world’s oil reserves and roughly 23% of its natural gas reserves are in the resource-rich area. This region has consistently attracted exporters over the years, and

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Asia: The Digital Powerhouse Transforming International Trade

In 2023, the South Asia, East Asia, and Pacific regions reached a population exceeding 4.3 billion, representing over 54% of the global population (World Bank). This vast demographic, combined with rapid digitalization and shifting trade dynamics, has made Asia the core of transformative changes in international trade. Asian economies are thriving in export-driven sectors, capitalizing

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How Exporters Can Respond to Geopolitical Risks in Global Trade

Geopolitical risks, including trade wars, sanctions, and political instability, have a significant impact on global trade, directly affecting exporters worldwide. To stay competitive in international markets, exporters must be proactive in responding to these risks. For instance, in 2023, Mexico surpassed all other U.S. goods trade partners, while trade between Vietnam, the U.S., and China

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Digital Trade Agreements: What do exporters need to know?

According to the mutual efforts of WTO and OECD, the following definition of Digital trade has been created: “Digital trade is all international trade that is digitally ordered and/or digitally delivered”. Virtually every aspect of the economy is experiencing shifts due to digital technologies, and international trade is no different. Both households and businesses utilize

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