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Questions and Answers
What is the course code for Export Administration?
What is the course code for Export Administration?
Who is the lecturer for Export Administration?
Who is the lecturer for Export Administration?
What is the foundation of the Export Administration course?
What is the foundation of the Export Administration course?
In which session is the topic 'Competitiveness of Firms' covered?
In which session is the topic 'Competitiveness of Firms' covered?
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What is the academic year for the course?
What is the academic year for the course?
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What college is the School of Continuing and Distance Education part of?
What college is the School of Continuing and Distance Education part of?
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What is one of the ways exports help a country's balance of payments position?
What is one of the ways exports help a country's balance of payments position?
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What is a benefit of exports to the exporting firm?
What is a benefit of exports to the exporting firm?
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What is a benefit of exports to the exporting country?
What is a benefit of exports to the exporting country?
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What is one of the ways exports help a country?
What is one of the ways exports help a country?
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What is a benefit of export administration?
What is a benefit of export administration?
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What is one of the uses of foreign exchange earned from exports?
What is one of the uses of foreign exchange earned from exports?
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What is a benefit of exports to the international market?
What is a benefit of exports to the international market?
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What type of employment is generated by exports?
What type of employment is generated by exports?
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What is the primary purpose of a Customs Entry Form?
What is the primary purpose of a Customs Entry Form?
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What is demurrage?
What is demurrage?
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What is the main purpose of a Packing List?
What is the main purpose of a Packing List?
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What is a Letter of Credit (L/C)?
What is a Letter of Credit (L/C)?
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What is the primary purpose of a Customs Bonded Warehouse?
What is the primary purpose of a Customs Bonded Warehouse?
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What is the main purpose of a Shipping Bill?
What is the main purpose of a Shipping Bill?
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What is an Export License typically required for?
What is an Export License typically required for?
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What is the relevance of Export Administration as a discipline?
What is the relevance of Export Administration as a discipline?
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What is the meaning of Absolute Advantage in export administration?
What is the meaning of Absolute Advantage in export administration?
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What is the purpose of a Bill of Lading in export administration?
What is the purpose of a Bill of Lading in export administration?
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What is the main purpose of a Certificate of Inspection in export administration?
What is the main purpose of a Certificate of Inspection in export administration?
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What does a Certificate of Manufacture certify in export administration?
What does a Certificate of Manufacture certify in export administration?
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What does a Certificate of Origin (COO) declare in export administration?
What does a Certificate of Origin (COO) declare in export administration?
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What is the purpose of a Commercial Invoice in export administration?
What is the purpose of a Commercial Invoice in export administration?
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What is the concept of Comparative Advantage in export administration?
What is the concept of Comparative Advantage in export administration?
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What is the purpose of a Consular Invoice in export administration?
What is the purpose of a Consular Invoice in export administration?
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What does the term 'export' connotate in international trade?
What does the term 'export' connotate in international trade?
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What does administration entail?
What does administration entail?
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What is the primary objective of export administration?
What is the primary objective of export administration?
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What is the role of an exporter?
What is the role of an exporter?
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What is the term for the buyer of goods and services in another country?
What is the term for the buyer of goods and services in another country?
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What is the primary focus of export administration?
What is the primary focus of export administration?
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What is the ultimate goal of export administration?
What is the ultimate goal of export administration?
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What is export administration concerned with?
What is export administration concerned with?
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Study Notes
Introduction to Export Administration
- Export Administration is the fusion of two words 'export' and 'administration', which deals with the day-to-day management of exporting goods and services from one country to another.
Course Overview
- The course is focused on the processes of internationalization and covers topics such as theories of internationalization, competitiveness of firms, non-traditional exports, trade and economic development, and institutional setting of exports.
Export Administration
- Export administration involves planning, organizing, coordinating, and controlling all activities related to exporting goods, technology, and services from one country to another.
- It involves managing export marketing activities efficiently and smoothly to ensure compliance with laws and regulations.
- Export administration is concerned with international marketing activities and operations.
Why the Need for Exports?
Benefits to the Exporting Country
- Exports enable the country to earn foreign exchange, which can be utilized in importing consumer goods, raw materials, and capital goods.
- Exports help develop international ties with importing countries through international trade, trade talks, and trade agreements.
- Exports help solve and improve the country's balance of payments position.
- Exports bring reputation and goodwill for a nation in international markets.
Benefits to the Exporting Firm/Organization/Industry
- Exports enable business units to export quality goods at higher prices and raise their profit margin.
- Exports help business firms spread their market risk and compensate for losses in the domestic market.
- Export administration enables a firm to improve its organizational efficiency.
Basic Terminologies in Export Administration
- Absolute Advantage: a situation where a country or company is more efficient at producing a good or service than another country or company.
- Bill of Lading: a document issued by the shipping company upon shipment of goods, serving as a contract between the shipper and the shipping company.
- Certificate of Inspection: a document certifying that merchandise was in good condition at the time of inspection.
- Certificate of Origin (COO): a document declaring that goods are manufactured in a specific country.
- Commercial Invoice: a statement of account sent by the seller to the buyer, prepared on the seller's letterhead.
- Comparative Advantage: a concept that holds that a country should specialize in producing goods and services it can produce relatively more efficiently than others.
- Consular Invoice: a certificate issued by the Trade Consulate stating that goods of particular value are being imported from a particular country.
- Customs Bonded Warehouse: a warehouse authorized by customs authorities for storage of goods on which payment of duties is deferred until removal for domestic consumption.
- Customs Entry Form: a form used for compiling statistics on the volume and value of exports.
- Demurrage: extra charges paid to a shipowner or carrier when a specified period for loading/unloading is exceeded.
- Export License: a license required for the export of raw materials, goods in short supply, or goods related to national security.
- Packing List: a document including details about the contents of a package.
- Letter of Credit (L/C): a document issued by the importer's bank stating its commitment to honor a draft or pay on presentation of specific documents by the exporter within a stated period.
- Shipping Bill: a multi-purpose document used as an application for export of goods, as a dock challan, and for claiming duty drawback and other export incentives.
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Description
Introduction to export administration, covering the basics of export administration and its importance in international trade.
