Fundamentals of Foreign Trade

Collaborating effectively with multiple countries for business requires a good understanding of the requirements, regulations and laws. This course sets you up with the required knowledge base on the fundamentals of foreign trade and its nuances, impact of various environments in International Business, Political, Economic, Social and Technological (PEST) analysis, economic integration and related laws including India’s foreign trade policies.

Content Provider

iNURTURE

Course Level

Beginner

Mode Of Delivery

Self-Paced

Duration

40 hrs

Certification By

iNURTURE

Course Validity

Valid for 6 months post activation

Industry

General Management and Finance

Course Fee

This is a paid course.

Enroll Now

~~1,800/-~~ 1599/-

Description

The course consists of the role of environment analysis in international business, significance of PEST (Political, Economic, Social and Technological) analysis, various environments impacting international business, elements of culture, cultural shock, the advantages of UNESCO guidelines, Economic integration, the role of NAFTA, SAFTA, ASEAN, EU and SAARC, Joint Ventures and Strategic alliances.

This course also covers major laws related to foreign trade in India and differentiate between international business and foreign trade and the internationalization process.

Learning Outcomes:

By the end of this course, you will be able to:

Compare modes of entry in international business and the process of internalisation and its managerial implications

Analyse domestic, foreign and global environments in International Business

Summarise the role of NAFTA, SAFTA, ASEAN, EU

Benefits and challenges of joint venture and analyse the cross culture issues in foreign collaborations

Explain the major laws related to foreign trade in India, Identify the latest foreign trade policy

Curriculum

Module 1 An Overview of Foreign Trade

Importance - nature and scope of international business

Modes of entry into international business.

Internationalisation process and managerial implications.

Module 2 Conducting Business in Multiple Countries

Framework for analysing international business environment - Domestic, foreign and global environments and their impact on international business - UNESCO guidelines.

Module 3 Economic Integration and Agreements

Levels of economic integration, NAFTA, SAFTA, ASEAN, EU and Recent multilateral agreement in India’s foreign trade.

Module 4 Joint Ventures and Foreign Collaborations

Joint ventures and other forms for strategic alliances

Traditional and emerging reasons for forming strategic alliances

Pitfalls in strategic alliances

Making cross-cultural alliances work.

Module 5 Regulations for Foreign Trade

India laws and regulations governing international business transactions

Taxation of foreign income

Foreign investment

Setting up offices and branches abroad.

Key Features

5 Self Learning Modules and 5 PPTs

5 Practice Quizzes

Career Opportunities

Relationship Manager

Export Manager

Client Relationship Partner

Purchase Trainee

Business Development Manager

Accounts Manager

Certification

After completing this course and successfully passing the certification examination, the student will be awarded the “Fundamentals of Foreign Trade” certification.

If a learner chooses not to take up the examination, they will still get a 'Participation Certificate'.

Who Should Attend

Bachelor of Business Administration

Bachelor of Commerce

Master of Business Administration

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