| Q.
1. |
Why
should I export ? |
| Q.
2. |
How
do I find customers ? |
| Q.
3. |
How
do I get paid ? |
| Q.
4. |
Is there
any financing available for exporting? |
| Q.
5. |
What
countries should I export to ? |
| Q.
6. |
What
is the best way to ship my product ? |
| Q.
7. |
What
is a harmonized code ? |
| Q.
8. |
What about
tariffs or taxes overseas? |
| Q.
9. |
Where
can I go if I have more questions? |
| Q.
10. |
Is there
a local business organization focused on international
trade? |
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| Ans.
1. |
Q. Why should I export?
A. Exporting
can be a key avenue to increasing your firm’s
profitability. By attending our “Basics
of Exporting” seminar,
you will learn the critical steps in the export
process, methods of payment, how to prepare
export documentation, and more.
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| Ans.
2. |
Q. How do I find customers?
A. Extensive industry,
country and topical market research is available
to help you pinpoint the best export markets
and develop effective market entry strategies.
These are available to you through our office.
In addition, you can contact the Department of
Commerce (if it 's a non-Ag product), or contact
the Foreign Agricultural Service or the California
Department of Food & Agriculture
for lists of distributors/wholesalers or agents
in the designated country. For ag-related products
you can contact the
Agricultural Attache in that country through the Embassy. The CITD can prepare
custom marketing reports detailing opportunities in specific countries for a
small fee. These reports can save you valuable time.
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| Ans.
3. |
Q. How do I get paid?
A. The three means
of payment, ranging from least risky to riskiest,
are as follows: Payment in Advance(Wire Transfer),
Letter of Credit or Payment Against documentation,
and On Account. The CITD’s "International Finance" seminar
will provide you with detailed information
about the payment process and the associated
risks for each payment option.
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| Ans.
4. |
Q. Is there any financing available for exporting?
A. A small business loan can be acquired
through the SBA. Another resource is Export-Import
Bank of the United States (visit www.exim.gov)
which offers loans specific for exporting.
If you have an agricultural product, the Foreign
Agricultural Service has marketing funded programs
that match each dollar spent on any marketing
done overseas. The program is called MAP- Marketing
Access Program. Our office can provide you
with current contact names for each of these
programs.
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| Ans.
5. |
Q. What countries should I export to?
A. Many companies begin with exporting to
our neighbors Canada and Mexico, but you will
need to evaluate multiple factors in making
this decision. The Journal of Commerce (www.joc.com)
provides timely information about all aspects
of international trade, and is a tremendous
resource. There are also country and industry
reports available to you from the Foreign Agricultural
Service and Department of Commerce.
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| Ans.
6. |
Q. What is the best way to ship my product?
A. Using the services
of a freight forwarder is easiest route when
you first start exporting. Our "Basics
of Exporting" seminar
will provide you with information about the
different options for shipping that are available
to you.
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| Ans.
7. |
Q. What is
a harmonized code?
A. A harmonized code is found on the bills of
lading and serves to correctly identify your
product for exporting. The government, through
the U.S. Census Bureau,
assigns the code. To find a code, you can visit the Census Bureau 's Website
or contact the Washington D.C. office. Another source is the OfficialExport
Guide CD-ROM.
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| Ans.
8. |
Q. What about tariffs or taxes overseas?
A. Generally speaking,
the importer pay tariffs and or taxes. If
the tariffs are high, some exporters will
discount prices. You will learn more on this
topic at our “Basics of
Exporting” seminar.
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| Ans.
9. |
Q. Where can I go if I have more questions?
A. Since 1989, we have
served as the Central Valley’s primary
contact point for local businesses seeking
international trade opportunities, marketing
information, resources, counseling, technical
assistance and training. We hope you will
call us first whenever a question about international
trade arises.
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| Ans.
10. |
Q. Is there a local business organization
focused on international trade?
A. Yes, the San Joaquin
Valley International Trade Association (SJVITA*)
meets once a month. Other events to attend
include the Tulare Farm Show in February
and the CITD’s Annual
International Business Conference held in Fresno
in May.
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