Overview of World Trade

Overview of World Trade
My name is Nikolai Pankratz with American Resource Network for Expert Village and we're pretty much discussing here, in my little domain here, how to set up an office for international trade, which we did in the past series so I'm sure. I just hope you're going to watch them because they're going to, probably before you get into all kinds of shipping documents, letters, credits and everything else, you're going to want to make sure that you're communication with your potential partners is very well set up because it's going to save your tons of money and costs and so on and so forth. But as mentioned previously, well it's a new segment. So we're going to talk about the world and how it's changed, the different ports, and the different countries. But if you end up dealing with some of the former communist countries, then you most likely have to take two things into consideration. Some of those countries are only twenty years old. They've never known democracy. Their constitution is not in place. Their laws are not in place and even if they are, the enforcement, the side of the government is usually lacking. So if you screw up or somebody messes up, it's going to be very difficult to get your money back so you want to make sure you cover all your bases to make sure that the transaction is safe. Another thing to consider, communication is not in place in many of those countries like in, you know, African countries, some of the Arabian countries, definitely the Eastern block countries. It's, they are very, developing very fast but the it is still lacking. When you go to the Asian part, the communication is lacking then you need to consider the fact that transportation is kind of still, you know, in the works. So you know sometimes when you plan, there's a reason why I"m saying that, all of that. Sometimes when you plan certain things and you project and you build it into your business plan, what happens really if you don't know all those minuses? You're going to end up paying three times as more and it's usually going to take you three times as much time so keep that in mind when you're getting into the international business.