Imad Kassir

The GSTP (Global System of Trade Preference) is an Agreement on economic co - operation for promotion of trade by providing preferential trading among developing countries . The scope of GSTP has included complementary trade liberalization techniques as follow:

a) tariff reduction

b) removal or reduction of non-tariff and para-tariff barriers

c) direct trade measures as well as mid-term and long-term contracts

d) sectoral agreement

Dumping is said to occur when the goods are exported by a country to another country at a price lower than its normal value. This is an unfair trade practice which can have a distortive effect on international trade. Anti dumping is a measure to rectify the situation arising out of the dumping of goods and its trade distortive effect. Thus, the purpose of anti dumping duty is to rectify the trade distortive effect of dumping and re-establish fair trade. The use of anti dumping measure as an instrument of fair competition is permitted by the WTO. In fact, anti dumping is an instrument for ensuring fair trade and is not a measure of protection per se for the domestic industry. It provides relief to the domestic industry against the injury caused by dumping.

Post Shipment Finance is a kind of loan provided by a financial institution to an exporter or seller against a shipment that has already been made. This type of export finance is granted from the date of extending the credit after shipment of the goods to the realization date of the exporter proceeds. Exporters dont wait for the importer to deposit the funds.

The post shipment finance can be classified as :

a) Export Bills purchased/discounted.

b) Export Bills negotiated

c) Advance against export bills sent on collection basis.

d) Advance against export on consignment basis

e) Advance against undrawn balance on exports

f) Advance against claims of Duty Drawback.

First of all, it is necessary to determine your business's orientation and those aspects of it that are explicitly aimed at export activities.

Even large companies choose the main directions for doing business abroad. So, some products are better sold in one country in the world, others – in another. Therefore, it is necessary to analyze your business and target market — how much your products meet the demand.

For detailed market statistics, it is recommended to use various Internet resources — for example, the EU Statistical Office, the United Nations Commodity Trade Statistics Database, FITA, and other international directories of trade activity in different countries of the world.

The strategy for entering the global market can be completely different, depending on the target audience. Search for information on the Internet. Here the choice is extensive — there are dozens of B2B platforms on the Internet.

Pre-shipment inspection, also called PSI, is an important and reliable quality control method for checking goods' quality while clients buy from the suppliers. The pre-shipment inspection is normally agreed between a buyer, a supplier, and a bank, and it can be used to initiate payment for a letter of credit. A PSI can be performed at different stages:

a) Checking the total amount of goods and packing

b) Controlling the quality and/or consistency of goods

c) Verifying compliance with the standards of the destination country