Choosing the right product to be exported by an entrepreneur is the first intelligent step he needs to take. For this, the Harmonized System of code needs to be identified. HS stands for Harmonized Commodity Description and Coding System. The HS is
The next step of an entrepreneur should be to quickly view the Foreign Trade Policy of India and check the status of his product. A. OGL: OGL stands for Open General License: In case your product is listed in this category, you are free to export
You need answer the following questions before you enter into any global marketA. What type of product are you selling ?B. Is it acceptable in the global market? C. Does it have price competitiveness? D. Are you availing the right government
An exporter will need to know the comparative advantage of the product he needs to export. For this a competitiveness tool has been used namely Revealed Comparative Advantage (RCA). RCA use the trade pattern to identify the sectors in which an
We need to understand that the best suited market for your product will be the one where the imports are not re-exported but are imported for the purpose of domestic consumption. Only such markets make sense for you considering the sustainability of
Trade Intensity Index is based on an actual observation of bilateral trade flow, and it measures the intimacy of the trading relationship between any given two countries. Higher is the Trade intensity Index, better will be our export possibility and
EPI denotes the overall degree of reliance of domestic producers on foreign markets. Higher the EPI, tendency of domestic producers to export as against selling in domestic market is predominant. Hence higher EPI would indicate acceptance of Indian
If you are an established firm or a start-up in the export business, you first need to check the 2 sisters SHI and RHI. A. Sectoral Hirschman Index (SHI): SHI is calculated by mapping the value of exports against the products being exported then
To understand the benefit of an RTA, we need to first understand the concept of WTO MFN status. The World Trade Organization which was signed between many countries in Jan 1995 brings forth a concept of “Most Favored Nation” which means that if
Strategizing Export Market Options with OPOD – NPOD / OPND - NPND
OPOD - Old Product Old Destinations: Targeting traditional products like Leather, Gems, Textiles to the older traditional markets like USA, Europe, UAE using offline
Towards making a successful export transaction, trading companies should be aware about challenges it could face while entering the importing country which may be beyond just tariffs
Such challenges which may restrict trade between countries and
Exporting a product from one country to another is not just a trading; but involves various measures like the regulations of the importing country in which an exporter should keep in mind before he makes any effort to ship the product. As per the
An important stage after manufacturing of goods or their procurement is their preparation for shipment which involves packaging and labeling of goods to be exported. Proper packaging and labeling not only makes the final product look attractive but
An important aspect about the goods to be exported is compulsory quality control and pre-shipment inspection. For this purpose, Export Inspection Council (EIC) was set up by the Government of India under Section 3 of the Export (Quality Control and
Government of India is providing promotional measures to boost India’s exports with the objective to offset infrastructural inefficiencies and associated costs involved to provide exporters a level playing field. More the exports, more will be the
A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. In order to function as a GI, a sign must identify a product as originating in a
Choosing the right product to be exported by an entrepreneur is the first intelligent step he needs to take. For this, the Harmonized System of code needs to be identified. HS stands for Harmonized Commodity Description and Coding System. The HS is
The next step of an entrepreneur should be to quickly view the Foreign Trade Policy of India and check the status of his product.
A. OGL: OGL stands for Open General License: In case your product is listed in this category, you are free
Scanning Global Market Opportunities
You need answer the following questions before you enter into any global market
A. What type of product are you selling ?
B. Is it acceptable in the global market?
C. Does it have price competitiveness?
D.
Checking India’s RCA value across products
An exporter will need to know the comparative advantage of the product he needs to export. For this a competitiveness tool has been used namely Revealed Comparative Advantage (RCA). RCA use the trade
Analyzing of Import Penetration Index (IPI)
We need to understand that the best suited market for your product will be the one where the imports are not re-exported but are imported for the purpose of domestic consumption. Only such markets make
Checking Trade Intensity Index (TII)
Trade Intensity Index is based on an actual observation of bilateral trade flow, and it measures the intimacy of the trading relationship between any given two countries. Higher is the Trade intensity Index,
Interpretation of SHI & RHI value
If you are an established firm or a start-up in the export business, you first need to check the 2 sisters SHI and RHI.
A. Sectoral Hirschman Index (SHI): SHI is calculated by mapping the value of exports against
Analyzing Export Propensity Index (EPI)
EPI denotes the overall degree of reliance of domestic producers on foreign markets. Higher the EPI, tendency of domestic producers to export as against selling in domestic market is predominant. Hence higher
To understand the benefit of an RTA, we need to first understand the concept of WTO MFN status. The World Trade Organization which was signed between many countries in Jan 1995 brings forth a concept of “Most Favored Nation” which means that if
Strategizing Export Market Options with OPOD – NPOD / OPND - NPND
OPOD - Old Product Old Destinations: Targeting traditional products like Leather, Gems, Textiles to the older traditional markets like USA, Europe, UAE using offline
To Checkmate L1, L2 and L3 Competitors
L1 Player is your local competitor in the domestic markets
L2 Player is your global competitor in the international markets
L3 Player is the domestic companies operating in your importing
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