Thailand is an important exporter both of foodstuffs and of automobile parts. Find out more about the import/export business from our Thai company formation agents. Contact us at: https://www.thaicompanyformation.com.
Regional Economic Integration (REI) refers to the commercial policy of discriminatively reducing or eliminating trade barriers only between the states joining together.
Regional economic groups eliminate or reduce trade tariffs (and other trade barriers) among the Partner States while maintaining tariffs or barriers for the rest of the world (non-member countries).
Geographical proximity, cultural, historical, and ideological similarities, competitive or complementary economic linkages, and a common language among the Partner States are importantly required for effective economic integration.
Regional economic integration in Africa traces back to 1910 with the formation of Southern African Customs Union (SACU) by the countries of Botswana, Lesotho, Namibia, Swaziland and South Africa. Other main economic arrangements include East African Community (EAC), Southern African Development Community (SADC), the Economic Community of Central African States (ECCAS), Economic Community of West African States (ECOWAS), the Common Market for Eastern and Southern Africa (COMESA), Arab Maghreb Union (AMU) etc. Also there is the planned African Economic Community, whose treaty was signed in 1991 (the Abuja Treaty) and it is expected by 2025. All these efforts are aimed at unifying Africa, but, there has been limited success due to the various problems which the region is facing including the internal civil wars.
Regional economic integration in Africa has not been so effective and it faces some challenges including overlapping memberships due to the multiplicity of its economic communities.
The similarity and smallness of the African countries together with the competition between each other in the global market for the same products are some of the reasons responsible for the past lack of success in the economic integration in the continent.
Several attempts of regional economic integration in Africa have been put into place over time, however they have been ineffective in promoting trade and attracting Foreign Direct Investment (FDI) in the continent.
Relatively high external trade barriers and low resource complementarity between Partner States limit internal and external regional trade.
Small market size, poor transport facilities and high trading costs make it difficult for African countries to reap the potential benefits of economic integration.
APEC is an intergovernmental forum for 21 Asia-Pacific countries established in 1989 to promote economic growth and cooperation. Its goals are to achieve free and open trade and investment between member economies by 2010 for developed countries and 2020 for developing countries. APEC focuses on trade and investment liberalization, business facilitation, and economic and technical cooperation. Major events include annual leaders' meetings and CEO summits to evaluate progress on goals and address issues facing the Asia-Pacific region.
The document provides an overview of the Asia-Pacific Economic Cooperation (APEC) summit being held in Bali, Indonesia in October 2013. APEC is a forum for economic cooperation among 21 Asia-Pacific countries that accounts for over half of global GDP. The summit will focus on achieving sustainable and equitable growth, attaining the goals set in 1994 of free trade and investment, and promoting connectivity in the region. Key issues discussed will include rising inequality, the need for infrastructure investment, and the relationship between APEC and other regional organizations like ASEAN.
Thailand is a constitutional monarchy headed by King Rama X. The economy relies heavily on international trade, with key exports including vehicles, electronics, and rubber. The population is diverse and predominantly Buddhist. Traditional Thai culture is expressed through dances, martial arts like Muay Thai, and cuisine such as tom yum soup. The government promotes science and technology research to support economic growth while addressing environmental challenges like pollution and climate change impacts.
The document discusses various forms and examples of regional economic integration agreements between groups of countries. It outlines different levels of integration from free trade areas to economic unions. Regional integration aims to reduce trade barriers and stimulate economic growth. However, it can also lead to trade diversion and costs from adjusting to more open markets. The EU and NAFTA are two prominent examples of regional integration discussed in the document.
The Association of Southeast Asian Nations (ASEAN) was established in 1967 by Indonesia, Malaysia, Philippines, Singapore, and Thailand. It has since expanded to include 10 member countries and aims to accelerate economic growth, social progress, and cultural development while maintaining regional peace and stability. ASEAN faces challenges such as financial crises, transboundary haze pollution, and disputes but has taken steps like the ASEAN Surveillance Process and ASEAN+3 Financial Cooperation to prevent future crises and foster cooperation. ASEAN also presents many opportunities for economic growth and development across member countries in the coming years.
APEC was established in 1989 with 12 founding members and has grown to include 21 member economies. Its mission is to support sustainable economic growth in the Asia-Pacific region and build a harmonious community. APEC's goals include achieving free and open trade and investment through the Bogor Goals of 2010 for developed and 2020 for developing members. Key activities include liberalizing trade and investment, facilitating business, and strategic economic partnerships. APEC members represent over half of global GDP and international trade.
The document discusses different types of regional economic integration agreements including free trade areas, customs unions, common markets, and economic unions. It then provides examples of regional integration in Europe through the European Union and in the Americas through agreements like NAFTA, MERCOSUR, and attempts to create a Free Trade Area of the Americas. The benefits and challenges of regional integration are also examined.
Regional Economic Integration (REI) refers to the commercial policy of discriminatively reducing or eliminating trade barriers only between the states joining together.
Regional economic groups eliminate or reduce trade tariffs (and other trade barriers) among the Partner States while maintaining tariffs or barriers for the rest of the world (non-member countries).
Geographical proximity, cultural, historical, and ideological similarities, competitive or complementary economic linkages, and a common language among the Partner States are importantly required for effective economic integration.
Regional economic integration in Africa traces back to 1910 with the formation of Southern African Customs Union (SACU) by the countries of Botswana, Lesotho, Namibia, Swaziland and South Africa. Other main economic arrangements include East African Community (EAC), Southern African Development Community (SADC), the Economic Community of Central African States (ECCAS), Economic Community of West African States (ECOWAS), the Common Market for Eastern and Southern Africa (COMESA), Arab Maghreb Union (AMU) etc. Also there is the planned African Economic Community, whose treaty was signed in 1991 (the Abuja Treaty) and it is expected by 2025. All these efforts are aimed at unifying Africa, but, there has been limited success due to the various problems which the region is facing including the internal civil wars.
Regional economic integration in Africa has not been so effective and it faces some challenges including overlapping memberships due to the multiplicity of its economic communities.
The similarity and smallness of the African countries together with the competition between each other in the global market for the same products are some of the reasons responsible for the past lack of success in the economic integration in the continent.
Several attempts of regional economic integration in Africa have been put into place over time, however they have been ineffective in promoting trade and attracting Foreign Direct Investment (FDI) in the continent.
Relatively high external trade barriers and low resource complementarity between Partner States limit internal and external regional trade.
Small market size, poor transport facilities and high trading costs make it difficult for African countries to reap the potential benefits of economic integration.
APEC is an intergovernmental forum for 21 Asia-Pacific countries established in 1989 to promote economic growth and cooperation. Its goals are to achieve free and open trade and investment between member economies by 2010 for developed countries and 2020 for developing countries. APEC focuses on trade and investment liberalization, business facilitation, and economic and technical cooperation. Major events include annual leaders' meetings and CEO summits to evaluate progress on goals and address issues facing the Asia-Pacific region.
The document provides an overview of the Asia-Pacific Economic Cooperation (APEC) summit being held in Bali, Indonesia in October 2013. APEC is a forum for economic cooperation among 21 Asia-Pacific countries that accounts for over half of global GDP. The summit will focus on achieving sustainable and equitable growth, attaining the goals set in 1994 of free trade and investment, and promoting connectivity in the region. Key issues discussed will include rising inequality, the need for infrastructure investment, and the relationship between APEC and other regional organizations like ASEAN.
Thailand is a constitutional monarchy headed by King Rama X. The economy relies heavily on international trade, with key exports including vehicles, electronics, and rubber. The population is diverse and predominantly Buddhist. Traditional Thai culture is expressed through dances, martial arts like Muay Thai, and cuisine such as tom yum soup. The government promotes science and technology research to support economic growth while addressing environmental challenges like pollution and climate change impacts.
The document discusses various forms and examples of regional economic integration agreements between groups of countries. It outlines different levels of integration from free trade areas to economic unions. Regional integration aims to reduce trade barriers and stimulate economic growth. However, it can also lead to trade diversion and costs from adjusting to more open markets. The EU and NAFTA are two prominent examples of regional integration discussed in the document.
The Association of Southeast Asian Nations (ASEAN) was established in 1967 by Indonesia, Malaysia, Philippines, Singapore, and Thailand. It has since expanded to include 10 member countries and aims to accelerate economic growth, social progress, and cultural development while maintaining regional peace and stability. ASEAN faces challenges such as financial crises, transboundary haze pollution, and disputes but has taken steps like the ASEAN Surveillance Process and ASEAN+3 Financial Cooperation to prevent future crises and foster cooperation. ASEAN also presents many opportunities for economic growth and development across member countries in the coming years.
APEC was established in 1989 with 12 founding members and has grown to include 21 member economies. Its mission is to support sustainable economic growth in the Asia-Pacific region and build a harmonious community. APEC's goals include achieving free and open trade and investment through the Bogor Goals of 2010 for developed and 2020 for developing members. Key activities include liberalizing trade and investment, facilitating business, and strategic economic partnerships. APEC members represent over half of global GDP and international trade.
The document discusses different types of regional economic integration agreements including free trade areas, customs unions, common markets, and economic unions. It then provides examples of regional integration in Europe through the European Union and in the Americas through agreements like NAFTA, MERCOSUR, and attempts to create a Free Trade Area of the Americas. The benefits and challenges of regional integration are also examined.
Regional integration refers to the process where states enter agreements to enhance cooperation through regional institutions and rules. The key objectives of regional integration include strengthening trade, private sector development, economic growth, good governance, and reducing social exclusion. Regional trade agreements (RTAs) like the European Union (EU) and North American Free Trade Agreement (NAFTA) aim to reduce tariffs and trade barriers between member nations. Other RTAs discussed include the Association of Southeast Asian Nations (ASEAN), South Asian Association for Regional Cooperation (SAARC), and the South Asian Free Trade Area (SAFTA) which seeks to establish a free trade area across South Asia.
International business strategy_Home replication strategyPhương Tuyến Hoàng
The home replication strategy involves centralizing product development at headquarters and transferring developed products to foreign markets to capture additional value while leveraging home country capabilities. Advantages include lower initial production costs and leveraging home country strengths. However, disadvantages include a lack of integration economies, low dedication to local responsiveness which can alienate foreign customers, and lack of customization to local markets as demonstrated by Procter & Gamble's struggles in Japan and Poland by directly applying its American marketing strategy without localization.
1. Export management involves conducting export activities in an orderly, efficient, and profitable manner to increase exports and profits for exporters and satisfaction for importers.
2. Export management needs to be considered at both the national level for goals like earning foreign exchange and the business level for goals like higher profits.
3. Key aspects of export management for businesses include identifying export products and markets, conducting SWOT analyses, obtaining necessary licenses, managing costs, understanding foreign exchange rates, mitigating risks, and properly packing and labeling goods.
This chapter discusses how history, geography, and the environment shape culture and business practices globally. It explains that understanding a country's history is important for comprehending attitudes towards government, management styles, and views of foreign companies. Additionally, it emphasizes that geography influences economic development and that sustainable development requires balancing economic growth with environmental protection. Population trends, trade routes, and natural resources are also discussed as important geographic factors for global business.
China has a population of over 1.3 billion people and a GDP of $11.3 trillion, making it the world's second largest economy. It has a single-party communist political system led by the Communist Party of China. China has experienced rapid economic growth with a GDP growth rate of 9.5% and has become a manufacturing powerhouse, but relies heavily on coal which contributes to environmental problems like acid rain and water shortages. Technological development is also increasing with China having the world's largest number of internet users and supercomputers.
Myanmar trade policy and custom clearance procedureHtun Aung Zaw
This document provides an overview of Myanmar's trade policies and procedures. It discusses Myanmar's economic system, trade objectives, organizational structures, vision, and trade policies. It also outlines Myanmar's major export and import products and trading partners. Additionally, it describes Myanmar's customs procedures, prohibited imports/exports, trade liberalization measures, and roles of different government agencies in trade assessments.
This document provides an overview and analysis of Vietnam's business environment, political outlook, and economic outlook. It finds that Vietnam has a large, low-cost workforce that has attracted foreign investment. However, infrastructure remains inadequate and corruption is still prevalent. The ruling Communist Party maintains stability but faces increasing calls for political reforms and openness. Strong economic growth is forecasted to continue, driven by investment and exports, though inflation and China relations pose challenges.
The document discusses the Asia-Pacific Economic Cooperation (APEC) forum, which has 21 member economies in the Asia-Pacific region accounting for over 40% of the world's population and GDP. APEC aims to support sustainable economic growth through cooperation and by achieving the Bogor Goals of free and open trade/investment across the region. It operates through annual meetings and three pillars - trade and investment liberalization, business facilitation, and economic and technical cooperation. APEC's progress, strengths, and ongoing challenges are also summarized.
Myanmar: Impacts of COVID-19 on Economy, Agri-Food Systems, Jobs & Incomes
Feed the Future Myanmar Agriculture Policy Support Activity (MAPSA) Policy Note
Updated: June 4, 2020
The goal of Pick-Up Sticks is to remove sticks from a pile one at a time without disturbing the other sticks. Players take turns carefully picking up a single stick until all sticks have been removed. If a stick is moved in the process, the player's turn ends. The last player with sticks left wins.
The guide provides an overview of the business environment in Thailand, with information about company establishment, taxation, intellectual property rights, and legal issues.
ASEAN has played an important role in facilitating regional economic integration in Asia Pacific. While ASEAN has established various agreements and initiatives to create a single market, such as ASEAN Free Trade Area (AFTA), ASEAN Framework Agreement on Services (AFAS), and ASEAN Investment Area (AIA), there are still shortcomings including the speed and quality of integration as well as lack of political will and institutional capacity. However, ASEAN has emerged as a hub for regional economic cooperation and free trade agreements with major countries, demonstrating its importance for trade and investment connectivity in the wider Asia Pacific region.
The document discusses different types of trade blocs including free trade areas, customs unions, common markets, and economic unions. It provides examples of various trade blocs such as NAFTA, ASEAN, EU, OPEC, SAARC, CACM, and ALADI. The objectives of forming trade blocs are to reduce trade barriers between member countries, impose barriers on non-members, and promote economic integration and cooperation. Trade blocs can increase intra-regional trade but also create common external barriers that affect global trade.
Export trade involves selling goods and services to foreign countries. There are two main types: direct export where the seller exports directly, and indirect export where agents are used. Direct export reduces costs but the exporter may lack export expertise, while indirect export provides expertise but increases costs. Successful export requires information on markets, products, procedures, pricing and channels. Tanzania's export procedures involve preliminary arrangements, shipment, and payment security. Institutions like the Board of External Trade and Tanzania Port Authority support export by providing trade information, developing markets, and facilitating cargo transport.
The document discusses the North American Free Trade Agreement (NAFTA) which established rules for free trade between Canada, the United States, and Mexico. NAFTA systematically eliminated tariff and non-tariff barriers to trade and investment. It aims to promote fair competition, increase investment opportunities, protect intellectual property rights, and establish frameworks for cooperation. NAFTA has increased trade, investment, and economic growth in North America but has also been criticized for negative impacts on some workers and farmers.
FTAs can result in some export gains, and possibly increased FDI flows, but the size and durability of these benefits – highly uncertain. FTAs will most likely lead to an increase in imports with impact for the trade balance and the external debt position.
Lecture 2 - Tariff and Non-tariff Barriers to International TradeShai Nomani Chishty
This document discusses tariff and non-tariff barriers to international trade. It defines trade barriers as taxes or regulations imposed on goods crossing national borders that increase import and export costs. It outlines different types of tariff barriers like ad valorem duties and specific duties. Non-tariff barriers include quotas and regulations. The document also discusses dumping, calculating effective protection rates, and provides examples of import duties and taxes in Bangladesh.
Inline image 1
WORLD TRADE SERVICES
Advisory & Consultancy for Export & Import Incentives
WTS….is Emerging Export Import Consultancy Firm Promoted by Experienced & Expert Foreign Trade Consultant and Advocate.
WTS offer a prompt and hassle free Import Export Consultancy work like Import Export Documentation, Custom Clearance, Fema Cases, Freight Forwarding and DGFT Applications i.e. IEC/VKUY/ FMS/FPS/MIES/EPCG/DFIA /EXPORT HOUSE/100% EOU/SEZ/ APPROVAL/NORMS FIXATION and APEAL CASES.
WTS handle all comprehensive paper work with ATMOST CARE and provide Excellent/ valuable Services on Export Import Matters to our valued clients. We strive hard to ensure prompt execution of all necessary documents and formalities as per current EXIM POLICY. Through proper and professional approach we save our clients TIME and MONEY and Control Hidden Cost/Overhead Expenses.
We have Design SMS/Email System to update clients of their day to day paper works and DGFT Applications status.
Our Result Oriented Excellent EXIM Consultancy Services lead us a Emerging Export Import Consultancy Firm in India.
WTS is active Player in DUTY FREE IMPORT LICENCE Sale/Purchase having tie-up with leading Exporters - Importers for Buying and Selling DEPB/VKUY/FMS/FPS&DFIA Licences at Best Competitive Market Premium.
Inline image 3
OUR SERVICES
IEC – Import Export Code
RCMC - REGISTRATION & EXPORT COMPANY SET-UP
VKGUY License – Vishesh Krishi and Gram Upaj Yojana
FMS License - Focus Market Scheme
FPS License – Focus Product Scheme
MLFPS Licence - Market Linked Focus Products Scheme
MEIS Licence - Merchandise Export from India Scheme
EPCG License – Export Promotion Capital Goods
DFIA License – Duty Free Authorisation
ADVANCE AUTHORISATION SCHEME
EXPORT HOUSE CERTIFICATE
OTHER SERVICES
- AGRI. INFRASTRUCTURE INCENTIVE SCRIP.
- SEZ APPROVAL.
- ISO 9000/ISO 14000.
- D.S.C.: E-TOKEN INSTALLATION AND RENEWAL.
- CUSTOM CLEARANCE.
- FREIGHT FORWARDING & CHARTERING.
- IMPORT SOURCING.
- JOINT VENTURE.
Importers and customs broker’s accreditation in the PhilippinesMichael Tede
The document provides information on the accreditation process for importers and customs brokers with the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC). It outlines the two phases of accreditation: 1) Obtaining a BIR Importer Clearance Certificate (BIR-ICC) or BIR Customs Broker Clearance Certificate (BIR-BCC) which requires submitting various documents to the BIR and 2) Obtaining a Certificate of Accreditation (COA) from the BOC which also requires submitting documents. The BIR-ICC/BCC and BOC-COA are both valid for 3 years unless revoked or cancelled. Regular updates to the Customs Performance Report
The document discusses India's foreign trade policies and export promotion schemes. It provides details on:
1) India's foreign trade performance in recent years, with exports growing at around 15% annually and objectives to double exports by 2016.
2) Various export promotion schemes offered by the Indian government including duty exemptions, drawbacks, tax concessions, and special economic zones to boost exports.
3) Key challenges to increasing India's exports like the need for export diversification and reducing trade barriers like documentation requirements.
The document outlines the key steps and registrations required to establish an export business in India. This includes:
1. Registering the business as a sole proprietorship, partnership, or private/public company.
2. Obtaining an Importer-Exporter Code (IEC) number from the Directorate General of Foreign Trade, which is required for all export and import activities.
3. Registering with relevant export promotion councils, the Export Credit Guarantee Corporation, central excise and sales tax authorities, and other regulatory bodies.
Regional integration refers to the process where states enter agreements to enhance cooperation through regional institutions and rules. The key objectives of regional integration include strengthening trade, private sector development, economic growth, good governance, and reducing social exclusion. Regional trade agreements (RTAs) like the European Union (EU) and North American Free Trade Agreement (NAFTA) aim to reduce tariffs and trade barriers between member nations. Other RTAs discussed include the Association of Southeast Asian Nations (ASEAN), South Asian Association for Regional Cooperation (SAARC), and the South Asian Free Trade Area (SAFTA) which seeks to establish a free trade area across South Asia.
International business strategy_Home replication strategyPhương Tuyến Hoàng
The home replication strategy involves centralizing product development at headquarters and transferring developed products to foreign markets to capture additional value while leveraging home country capabilities. Advantages include lower initial production costs and leveraging home country strengths. However, disadvantages include a lack of integration economies, low dedication to local responsiveness which can alienate foreign customers, and lack of customization to local markets as demonstrated by Procter & Gamble's struggles in Japan and Poland by directly applying its American marketing strategy without localization.
1. Export management involves conducting export activities in an orderly, efficient, and profitable manner to increase exports and profits for exporters and satisfaction for importers.
2. Export management needs to be considered at both the national level for goals like earning foreign exchange and the business level for goals like higher profits.
3. Key aspects of export management for businesses include identifying export products and markets, conducting SWOT analyses, obtaining necessary licenses, managing costs, understanding foreign exchange rates, mitigating risks, and properly packing and labeling goods.
This chapter discusses how history, geography, and the environment shape culture and business practices globally. It explains that understanding a country's history is important for comprehending attitudes towards government, management styles, and views of foreign companies. Additionally, it emphasizes that geography influences economic development and that sustainable development requires balancing economic growth with environmental protection. Population trends, trade routes, and natural resources are also discussed as important geographic factors for global business.
China has a population of over 1.3 billion people and a GDP of $11.3 trillion, making it the world's second largest economy. It has a single-party communist political system led by the Communist Party of China. China has experienced rapid economic growth with a GDP growth rate of 9.5% and has become a manufacturing powerhouse, but relies heavily on coal which contributes to environmental problems like acid rain and water shortages. Technological development is also increasing with China having the world's largest number of internet users and supercomputers.
Myanmar trade policy and custom clearance procedureHtun Aung Zaw
This document provides an overview of Myanmar's trade policies and procedures. It discusses Myanmar's economic system, trade objectives, organizational structures, vision, and trade policies. It also outlines Myanmar's major export and import products and trading partners. Additionally, it describes Myanmar's customs procedures, prohibited imports/exports, trade liberalization measures, and roles of different government agencies in trade assessments.
This document provides an overview and analysis of Vietnam's business environment, political outlook, and economic outlook. It finds that Vietnam has a large, low-cost workforce that has attracted foreign investment. However, infrastructure remains inadequate and corruption is still prevalent. The ruling Communist Party maintains stability but faces increasing calls for political reforms and openness. Strong economic growth is forecasted to continue, driven by investment and exports, though inflation and China relations pose challenges.
The document discusses the Asia-Pacific Economic Cooperation (APEC) forum, which has 21 member economies in the Asia-Pacific region accounting for over 40% of the world's population and GDP. APEC aims to support sustainable economic growth through cooperation and by achieving the Bogor Goals of free and open trade/investment across the region. It operates through annual meetings and three pillars - trade and investment liberalization, business facilitation, and economic and technical cooperation. APEC's progress, strengths, and ongoing challenges are also summarized.
Myanmar: Impacts of COVID-19 on Economy, Agri-Food Systems, Jobs & Incomes
Feed the Future Myanmar Agriculture Policy Support Activity (MAPSA) Policy Note
Updated: June 4, 2020
The goal of Pick-Up Sticks is to remove sticks from a pile one at a time without disturbing the other sticks. Players take turns carefully picking up a single stick until all sticks have been removed. If a stick is moved in the process, the player's turn ends. The last player with sticks left wins.
The guide provides an overview of the business environment in Thailand, with information about company establishment, taxation, intellectual property rights, and legal issues.
ASEAN has played an important role in facilitating regional economic integration in Asia Pacific. While ASEAN has established various agreements and initiatives to create a single market, such as ASEAN Free Trade Area (AFTA), ASEAN Framework Agreement on Services (AFAS), and ASEAN Investment Area (AIA), there are still shortcomings including the speed and quality of integration as well as lack of political will and institutional capacity. However, ASEAN has emerged as a hub for regional economic cooperation and free trade agreements with major countries, demonstrating its importance for trade and investment connectivity in the wider Asia Pacific region.
The document discusses different types of trade blocs including free trade areas, customs unions, common markets, and economic unions. It provides examples of various trade blocs such as NAFTA, ASEAN, EU, OPEC, SAARC, CACM, and ALADI. The objectives of forming trade blocs are to reduce trade barriers between member countries, impose barriers on non-members, and promote economic integration and cooperation. Trade blocs can increase intra-regional trade but also create common external barriers that affect global trade.
Export trade involves selling goods and services to foreign countries. There are two main types: direct export where the seller exports directly, and indirect export where agents are used. Direct export reduces costs but the exporter may lack export expertise, while indirect export provides expertise but increases costs. Successful export requires information on markets, products, procedures, pricing and channels. Tanzania's export procedures involve preliminary arrangements, shipment, and payment security. Institutions like the Board of External Trade and Tanzania Port Authority support export by providing trade information, developing markets, and facilitating cargo transport.
The document discusses the North American Free Trade Agreement (NAFTA) which established rules for free trade between Canada, the United States, and Mexico. NAFTA systematically eliminated tariff and non-tariff barriers to trade and investment. It aims to promote fair competition, increase investment opportunities, protect intellectual property rights, and establish frameworks for cooperation. NAFTA has increased trade, investment, and economic growth in North America but has also been criticized for negative impacts on some workers and farmers.
FTAs can result in some export gains, and possibly increased FDI flows, but the size and durability of these benefits – highly uncertain. FTAs will most likely lead to an increase in imports with impact for the trade balance and the external debt position.
Lecture 2 - Tariff and Non-tariff Barriers to International TradeShai Nomani Chishty
This document discusses tariff and non-tariff barriers to international trade. It defines trade barriers as taxes or regulations imposed on goods crossing national borders that increase import and export costs. It outlines different types of tariff barriers like ad valorem duties and specific duties. Non-tariff barriers include quotas and regulations. The document also discusses dumping, calculating effective protection rates, and provides examples of import duties and taxes in Bangladesh.
Inline image 1
WORLD TRADE SERVICES
Advisory & Consultancy for Export & Import Incentives
WTS….is Emerging Export Import Consultancy Firm Promoted by Experienced & Expert Foreign Trade Consultant and Advocate.
WTS offer a prompt and hassle free Import Export Consultancy work like Import Export Documentation, Custom Clearance, Fema Cases, Freight Forwarding and DGFT Applications i.e. IEC/VKUY/ FMS/FPS/MIES/EPCG/DFIA /EXPORT HOUSE/100% EOU/SEZ/ APPROVAL/NORMS FIXATION and APEAL CASES.
WTS handle all comprehensive paper work with ATMOST CARE and provide Excellent/ valuable Services on Export Import Matters to our valued clients. We strive hard to ensure prompt execution of all necessary documents and formalities as per current EXIM POLICY. Through proper and professional approach we save our clients TIME and MONEY and Control Hidden Cost/Overhead Expenses.
We have Design SMS/Email System to update clients of their day to day paper works and DGFT Applications status.
Our Result Oriented Excellent EXIM Consultancy Services lead us a Emerging Export Import Consultancy Firm in India.
WTS is active Player in DUTY FREE IMPORT LICENCE Sale/Purchase having tie-up with leading Exporters - Importers for Buying and Selling DEPB/VKUY/FMS/FPS&DFIA Licences at Best Competitive Market Premium.
Inline image 3
OUR SERVICES
IEC – Import Export Code
RCMC - REGISTRATION & EXPORT COMPANY SET-UP
VKGUY License – Vishesh Krishi and Gram Upaj Yojana
FMS License - Focus Market Scheme
FPS License – Focus Product Scheme
MLFPS Licence - Market Linked Focus Products Scheme
MEIS Licence - Merchandise Export from India Scheme
EPCG License – Export Promotion Capital Goods
DFIA License – Duty Free Authorisation
ADVANCE AUTHORISATION SCHEME
EXPORT HOUSE CERTIFICATE
OTHER SERVICES
- AGRI. INFRASTRUCTURE INCENTIVE SCRIP.
- SEZ APPROVAL.
- ISO 9000/ISO 14000.
- D.S.C.: E-TOKEN INSTALLATION AND RENEWAL.
- CUSTOM CLEARANCE.
- FREIGHT FORWARDING & CHARTERING.
- IMPORT SOURCING.
- JOINT VENTURE.
Importers and customs broker’s accreditation in the PhilippinesMichael Tede
The document provides information on the accreditation process for importers and customs brokers with the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC). It outlines the two phases of accreditation: 1) Obtaining a BIR Importer Clearance Certificate (BIR-ICC) or BIR Customs Broker Clearance Certificate (BIR-BCC) which requires submitting various documents to the BIR and 2) Obtaining a Certificate of Accreditation (COA) from the BOC which also requires submitting documents. The BIR-ICC/BCC and BOC-COA are both valid for 3 years unless revoked or cancelled. Regular updates to the Customs Performance Report
The document discusses India's foreign trade policies and export promotion schemes. It provides details on:
1) India's foreign trade performance in recent years, with exports growing at around 15% annually and objectives to double exports by 2016.
2) Various export promotion schemes offered by the Indian government including duty exemptions, drawbacks, tax concessions, and special economic zones to boost exports.
3) Key challenges to increasing India's exports like the need for export diversification and reducing trade barriers like documentation requirements.
The document outlines the key steps and registrations required to establish an export business in India. This includes:
1. Registering the business as a sole proprietorship, partnership, or private/public company.
2. Obtaining an Importer-Exporter Code (IEC) number from the Directorate General of Foreign Trade, which is required for all export and import activities.
3. Registering with relevant export promotion councils, the Export Credit Guarantee Corporation, central excise and sales tax authorities, and other regulatory bodies.
A Comprehensive Guide to Importing into Thailand.pdfJohn172369
This guide provides a comprehensive overview of importing goods into Thailand. It discusses Thailand's import regulations, requirements for documentation like commercial invoices and certificates of origin, applicable import duties and taxes, the customs clearance process, and key challenges to consider. Understanding these intricacies is essential for businesses to successfully import into Thailand and take advantage of the dynamic Southeast Asian market.
Thailand offers several advantages for companies looking to establish regional operating headquarters (ROHs) or use Thailand as a sourcing center, including:
- A strategic location in Southeast Asia with excellent infrastructure for transportation and logistics.
- An educated, low-cost workforce and low operating costs overall.
- Attractive tax incentives for ROHs, including a 10% corporate income tax rate and exemptions on dividends and interest for 10 years.
- Supportive government policies through agencies like the Board of Investment that promote activities like sourcing, R&D, and business process outsourcing.
- Established major multinational companies already using Thailand as an Asian/regional hub for parts
- Managing international business requires dealing with various cultural, political, legal, economic, and technological differences across countries. International managers must continually monitor these environmental factors.
- Some challenges of international business include political and legal differences between countries, cultural differences, economic differences, language barriers, trade restrictions, and high transportation costs.
- However, international business also provides benefits like the flow of ideas and resources globally, offering new choices to consumers, and facilitating employment opportunities and technology sharing.
A short guide on franchising as a business model, including the advantages for the franchisee. For more information about how to open a franchise or open a company in Thailand, please contact us at: https://www.thaicompanyformation.com.
Foreign Trade Promotion in the Indian Context Incentives & Organizational Sup...ChandrikaRao16
The document discusses foreign trade promotion in India, including incentives and organizational support provided by the government. It outlines various trade promotion measures like duty drawback schemes, export promotion capital goods schemes, and export processing zones which provide tax incentives and streamlined procedures. It also describes the organizational support provided by institutions like the Department of Commerce, Export Promotion Councils, and Commodity Boards. Export processing zones are designated areas that offer benefits such as tax holidays and infrastructure to encourage export-oriented manufacturing. The government aims to facilitate foreign trade and increase India's competitiveness through these foreign trade promotion strategies.
There are several ways for foreign companies to enter the China market, including direct exporting, indirect exporting through agents or distributors, establishing a legal entity like a wholly foreign-owned enterprise (WFOE), joint venture (JV), or partnership. Direct exporting involves selling directly to Chinese customers while indirect exporting involves selling through intermediaries. Establishing a legal entity allows for production or warehouse operations in China. WFOEs, JVs, and partnerships each have different ownership structures and capital requirements that determine control and responsibility over operations in China. Choosing the right market entry method depends on factors like investment levels, desired control over sales and operations, and regulatory guidelines for specific industries.
Thailand has an economy that blends agriculture, manufacturing, and services. Services account for around 45% of GDP, led by tourism, retail, and banking. Manufacturing contributes 42% and exports many automobiles, drives, rubber products, and textiles. Agriculture makes up the remaining share. Politically, Thailand is a constitutional monarchy led by King Vajiralongkorn and a bicameral parliament. Over 3 million small and medium enterprises make up 99.6% of businesses, and Thailand ranks highly for ease of starting a new company. Accounting standards generally follow a process of drafting, public comment, and approval, and financial reporting must comply with Thai Financial Reporting Standards, which are based on I
Benefits of investing in Thailand through BOIInterloop
Investing in Thailand through the Board of Investment Thailand offers several attractive benefits and incentives, making it an appealing destination for foreign investors. From investment incentives and industry-specific support to a favorable business environment and access to regional markets, Thailand remains an enticing investment destination in Southeast Asia. However, before making investment decisions, investors must conduct thorough research, seek professional advice, and comply with all applicable laws and restrictions.
Learn More:- https://inlps.com/board-of-investment-en/
The document discusses various aspects of export costing, pricing, finance and taxation in India. It explains why countries export goods, the benefits of exports like generating foreign exchange and employment. It lists different categories of exports from India like freely exportable items, restricted items requiring licenses, prohibited items and canalized exports. It also discusses customs duties levied on imports and exports, and various direct and indirect taxes imposed in India.
The document discusses China and Colombia's growing economic relationship, with China becoming Colombia's second largest trade partner. It outlines China's increasing outbound mergers and acquisitions in Latin America, including two deals in Colombia's oil and gas industry. Key topics covered include bilateral trade trends, sectors of Chinese investment, considerations for foreign businesses investing in China, and intellectual property protection.
Turkey encourages foreign direct investments through a series of special free zones. These
areas benefit from special regulatory principles for taxation and they also offer the benefit of a strategic location for investors.
Company formation in Taiwan is subject to several mandatory steps. Find out what they are, and request personalized assistance, from our team at: https://companyformationtaiwan.com/.
Dubai serves as a global gateway and distribution hub for the Middle East region due to its sophisticated telecommunications infrastructure and transport facilities. It re-exports goods from around the world to large neighboring markets. Many multinational companies have established offices in Dubai to take advantage of its business-friendly regulations like no corporate taxes, foreign exchange controls or capital restrictions. Dubai offers several business entity options for foreign investors including limited liability companies, professional partnerships, branch/representative offices, free zone companies and offshore companies in order to continue developing as a major global economic hub.
A business guide for the formation of a company in uaeHLB Hamt
This document provides an overview of guidelines for forming a company in the United Arab Emirates (UAE). It discusses the business environment, taxation, licensing requirements, and legal structures for foreign businesses in UAE. The key points are that UAE offers no corporate or personal income taxes, 100% repatriation of profits, and free trade zones that allow 100% foreign ownership. A minimum of 51% local ownership is required outside the zones, though various partnership structures are available.
Dubai serves as a global gateway and storage and distribution hub for the Middle East region due to its sophisticated telecommunications and transport facilities. It re-exports goods from around the world to large neighboring markets. Many multinational companies have moved operations to Dubai due to advantages like no corporate taxation, foreign exchange controls or capital restrictions, a stable currency, and a strategic location bridging Europe and Asia. Dubai offers various business entity options for foreign investors including limited liability companies, professional firms, branch/representative offices, free zone companies, and offshore companies.
India improved its ranking in the World Bank's ease of doing business report due to reforms in trading across borders. It implemented electronic sealing of containers, upgraded port infrastructure, and allowed electronic document submission to reduce export and import border compliance times in Delhi and Mumbai. India also eliminated merchant overtime fees and increased the use of electronic platforms to lower export and import border compliance costs. As a result, India has been recognized as a top improver in trading across borders by the World Bank for two consecutive years.
The Directorate General of Foreign Trade (DGFT) regulates and promotes India's foreign trade. It issues licenses and authorizations to exporters and importers and monitors their obligations through a network of regional offices. Export Promotion Councils (EPCs) are non-profit organizations that promote and develop Indian exports of particular products or services. EPCs advise exporters, assist with international market access, issue certificates of origin, and provide other services to help members expand overseas. To receive export benefits, producers must obtain a Registration-Cum-Membership Certificate from the EPC governing their product.
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Import and Export in Thailand
1. Import and Export in Thailand
A presentation brought to you by
ThaiCompanyFormation.com
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2. Import and Export in Thailand
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• Thailand is ranked among the top twenty
exporters in the world and has a positive
trade balance.
• With a favourable position between China
and India, Thailand is an attractive location to
base an import/export business.
3. Thailand Imports
3
• Thailand imports crude petroleum, integrated
circuits, gold, raw materials and consumer
goods.
• Investors who want to open a company in
Thailand that engages in any type of
import/export activity need to comply with the
local rules and regulations set forth by the
Customs department.
4. Thailand Exports
4
• Thailand exports a wide range of goods,
including textiles, footwear, foodstuffs (primarily
fish, seafood, and rice), jewelry, computers and
computer parts and petroleum.
• The country also has a developed automotive
industry, making it an exporter of cars and car
parts.
• Import and export licenses are required for
many types of products, including raw materials,
petroleum, agricultural products or
pharmaceuticals.
5. Thailand’s Trade Partners
5
• The surrounding Asian countries are the main
trade partners of Thailand, however, one of its
top export partners is the United States.
• Others include China, Hong Kong, Japan, and
Malaysia.
• Top import partners include China, Japan,
Singapore and Malaysia.
6. Import and Export Procedures
in Thailand >>
6
• Thailand is an attractive location to base an
import/export business because of the
relatively low set up and maintenance costs.
• All companies in Thailand need to be
registered with the Department of Business
Development of the Ministry of Commerce and
our Thai company formation agents can
help you during this step.
7. >>Import and Export
Procedures in Thailand
7
• Companies can start the import/export
trading once they are registered, they have a
bank account and are registered for Value
Added Tax.
• The Customs process in the country has been
streamlined in recent years through an
electronic system. One of our agents can give
you more details on this one-stop-shop for
traders.
8. Requirements for Import/Export
Companies in Thailand
8
• Companies in Thailand that are involved in
import and export trading must comply
with the ongoing requirements.
• All goods imported in Thailand need to be
reported to the Customs department. Other
requirements include a review of the
controlled goods and the proper payment of
duties and taxes.
9. Company Formation in Thailand
9
• According to the Foreign Business Act,
businesses in a number of industries must have
a Thai national as the majority shareholder. This
is not applicable for most businesses involved in
import/export trading, however, investors are
advised to seek counselling.
• Company formation in Thailand takes place
according to a number of requirements and it
involved several steps, among which selecting
one of the five main types of companies.
10. Assistance for Company
Incorporation in Thailand
10
• Our team of Thailand company formation
agents can help you comply with the various
requirements for foreign investments and
ownership and can help you with company
registration.
• Contact us for more information on foreign
investment and policies in Thailand.
11. Thank You
for Your Attention!
For more information please contact us at:
office@attorneysinthailand.com
https://www.thaicompanyformation.com
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