Understand the whole concept of International Trade and its effects on the trade cycle and foreign currencies. Understand both bilateral and multilateral trade agreements and the impact of imposing tariffs to imports. Learn how the choice and mode of transport are affected and how international payments are made for internationally traded goods.
Accredited International Trade Training workshop Delivered over 1 day from 08h30 – 15h30 by a Subject Matter Expert
Including beverages and Lunch.
TETA endorsed certificate issued.
Definition and explanation of local and international trade
Reasons for protecting our borders
The concept of free trade is explained
Trade protection concepts explained
The trade cycle and various role players
The trade cycle and comparative advantage
Bilateral and Multilateral Trade agreements
Tariffs Quotas and Subsidies Explained
Trade between developed and developing countries
The effect of technology on national borders
International Logistics mechanisms
Modes of Transport
Effect of commodity prices, surcharges, transport regulations, ocean liner conference systems, taxes and quotas
Choosing the right mode of transport
Methods of international payment
The role of Banks
Forward exchange cover
Comparison Between a documentary credit (L/C) and an irrevocable letter of credit
Assessments are not included in Workshops, if you wish to be assessed on this unit standard (252429) in order to obtain 6 credits toward the National Certificate in Freight Forwarding and Customs Compliance NQF3,
there is an additional charge of R550 Including VAT. Please add these to your basket on the left.