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Posts Tagged ‘foreign markets’

With China as Leading Clothing Exporter, U.S. Trade Associations Demand Fair Practice

by Christina Lee on November 10th, 2008

As world trade growth slipped to 6 percent last year, U.S. trade associations and experts still debate about how its nation can possibly fare in a global clothing market with China as its reigning exporter. Despite symptoms of an overall weakening economy, China has taken over an industry largely dominated by Mexico, the Dominican Republic, and some Central American countries. As the world’s second largest exporter of merchandise in 2007, China also supplied more than a third of the world’s clothing exports – amounting to $115.2 billion, according to a World Trade Organization report. Meanwhile, the global economy is slowing... Read more »

Extending Credit to Foreign Buyers

by Carrie Hinkel on February 14th, 2008

With exporting, negotiations on financing terms can be just as arduous as those on pricing. With competitive products pouring in from companies all around the globe, the financing terms you offer can often times be the deciding factor on whether or not a buyer will make their purchase from you. Of course, as an exporter you’ll want to get paid as quickly as possible; however, when dealing with foreign markets you’ll most likely have to extend your credit terms if you want to make a sale. If your products are shipping via container ship, there will be a 20-30 day... Read more »