Despite its nuclear dispute with the western countries (especially with the United States) Iran is an economic power (No. 17 in the ranking of world GDP) with significant purchasing needs specially in industrial products. Here are some keys to negotiating with Iranian companies. Islamic religion in Iran (Shiites with a minority of Sunnis) plays a major role in society ... Read More »
This report by from the Economist Intelligence Unit examines the potential risks and challenges of the African continent for doing business. Among others the report treats the following topics: Reasons for economic growth in Africa. The consumption boom. Foreign investment flows. Investments from China. Besides the great opportunities offered by Africa, there are also risks as existing inflation, infrastructure crisis ... Read More »
The Chambers of Commerce are organizations whose main objective is to promote business in a certain geographic area (country, region or country). The first Chamber of Commerce (Chambre de Commerce) was established in 1599 in the french town of Marseille. The concept caught on and expanded in the 18th and 19th centuries, with chambers opening in New York (1768), Calcutta ... Read More »
The Guide Exporting to Europe gives a complete overview of the European (EU and EFTA) region, providing with the basic knowledge that exporting companies need in order to decide whether or not it would be interesting to start exploring export possibilities for Europe in a specific sector. This guide is a co-publication of CBI and SIPPO and among others treat ... Read More »
The Japanese monarchy is the world’s oldest (dating back to 660 BC). This explains and justifies the rigid traditions and customs of Japanese society, probably the most ceremonial culture of the world. In this article we offer some tips on business etiquette in Japan: The business culture is very formal. People are addressed by Mr or Mrs followed by their ... Read More »
In most industries today, companies have to operate internationally to stay successful and grow. This guide made by KPMG (the consulting and tax company) contains valuable information for any company locating international business operations. Based in all regions of the globe, this guide offers locally relevant, the industry-specific knowledge that can help support expansion and relocation decisions. The main objectives ... Read More »
The International Sale Contract is the most used among those governing trade relations between companies in different countries. This agreement sets out the rights and obligations of the parties (buyer and seller) and the remedies for breach. This contract is greatly influenced by the United Convention on Contracts for the International Sale of Goods (CISG), widely accepted by lawyers of ... Read More »
Mexico is a country of huge potential that has demonstrated stable economic growth. It is a dynamic market that according to International Monetary Fund analysis will be the 9th. the economy in 2020. This guide from UK Trade & Investment advise companies about how to start doing business in Mexico. Among others the guide treats the following topics: Economic situation ... Read More »
If the Shanghai Skyline, the disappearance of bicycles in the big cities or the success of luxury brands can make us believe that China has been transformed into the most important capitalist market in the world, reality is that, from a cultural viewpoint, there exist some values proceeding from a millennial culture, with strong rural roots, which mark deep ... Read More »
India permits 100% foreign equity in most industries. Companies setting up in export-processing zones or special economic zones, operating in electronic hardware or software technology parks, or operating as 100% export-oriented units also may be fully foreign owned. Foreign direct investment (FDI) in India is approved through two routes: automatic and government approval. The automatic route is the simplest for ... Read More »
