Before diving into the sea of Exports, you need to ask yourself this, do you have what it takes? Do you have a Quality Production, and how good is your Management of Food Products?
People often mistake export as a regular business, thus fail gloomily. For example, if you start exporting your products to a country and it turns out to be an overnight success. If your production is at capacity, you will not be able to meet the demand. The first impress will always remain the last, and if you fail to supply repeat products, you are going to hit rock bottom without knowing. You need to work out these basics before a leap of faith and turn it into a calculated risk.
When it comes to the Management of Food Products, you need to work on your strengths first. If you have skilled labour, it is best to train them with modern techniques to improve productivity. You need to assess and evaluate your business trends for at least the past two years and work out the best strategy for exporting your products now. This evaluation must include the performance of your company in the domestic markets.
Your Organizational management needs to visit and analyze the target market of your exports. The findings’ requirement is a report on territorial needs, competition level & local law adjustment. As a manager, you must develop contacts within the targeted territory. You will need to estimate the business outcome before entering the market. Set a goal and achieve it. No way around it!
The food industry is a tricky business, as it is very delicate. Your food items are perishable, expire after a certain period, and also fragile. You can handle it with care while producing, but in transit, your packaging must be reliable. Food products come from farmers, fishers, and also processing factories. One needs to ensure the quality of production to rank higher as a company. Your management needs to put all the Food Security standards in place.
A company needs to be vigilant when it comes to the Quality and Management of Food products before exporting. It is useful to obtain specific certifications implying the top quality, and that’s the role of management. The pain point of shipping food-related items is to be able to clear the host destination’s quality standards. Your product could be the highlight in your current demography, but is it according to the demands of the territory where you want to sell it?
The forefront of your organizational style is bringing out the best of quality, to sell it efficiently in the export arena. Your raw material cannot be substandard. Your human capital needs to be motivated to ensure compliance with your ground rules. If you are going to export processed food, contamination and food safety will haunt you in your nightmares. The idea for prepping yourself before shipping and entering a new market is to ensure excellence and research well. If you are well-resourced with the measures mentioned above, you will rock the export business!
Developing countries need a shot at going big, and a trade agreement might just provide that. Some people believe that trade agreements are beneficial for developed countries but little did they miss out on the opportunities it creates for underdeveloped nations. The smaller republics have a scarcity of resources; hence they can not score favorable trade agreements. These less established countries are often rich in a few and poor in the rest when it comes to capitals. A positive trade agreement can change the fate of a nation, and aid the economy of those countries to grow faster. It could lead to the two most positive outcomes; that is, relaxation in sanctions and agreements of foreign aid.
Trade Agreements at the international level
There are two prime categories of trade agreements at the international level:
Regional Agreements – A group of countries sit together and formulate an agreement for the common good. There are many trade unions in different continents that are articulating these contracts to benefit its members. The EU and World Trade Organization are the biggest examples of this nature.
Bilateral Agreements – This type of trading treaty is signed by two countries. It charts down the rules and regulations which both countries will abide by. This bi-national settlement is always constructive for both countries.
An under-developed country, if pursuing trade agreements keenly, often land on bilateral and investment agreements with neighboring countries. These trade agreements prove profitable to both the countries, and the deal does not need to be made with only a developed country necessarily. The trade agreements can form between two less-developed nations. It provides a better quality of life for the parties involved in the trade agreements. These arrangements are extremely efficient and provide better economic resources, increased production capabilities, and improved foreign relations. Both
The countries in the developmental stage often have a lesser standard of living or quality of life than the developed world. If the Government proves to be strategic, they register with memberships of worldwide schemes, such as ECOTA, SAARC, and SAFTA. These mutually beneficial trade unions ensure the manufacturing, buying, selling favorable across the board. They often form a free trade area; consequently, it enhances the level of economic growth.
When a trade agreement lowers the border difficulties and trade barriers, it does not only prove efficient for the governments but the population as well. The end consumer takes great benefit from the variety of goods available in markets. Quality products are ensured, and even lower prices can come into play after a good business agreement among different nations.
Trade agreements provide an effective balance for developing nations, and the overall economic operations are improved. The growing industries of a less-developed country see a burgeoning rise of demand if they can export their merchandise to other countries. Those factories will be given assurance of a better business opportunity by the contracts among governments. This creates an opportunity for the local industry to grow and hire more employees to meet business needs. Lower the tariffs are, lower the costs will be; resultantly, the well being of those nations will improve.