Financial instruments and documents that facilitate export import trade

Type :

Research papers

Pages :

51 pages

Format :

.doc

Published date :

04/28/2009

Category :

Economics & finance

Sub category :

Finance

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Summary :

Introduction
Important terminologies
Introduction to exports
Terms of payments
A study of Export Credit Guarantee co operation of India ltd (ECGC)
1. What is export finance
2. Different export houses
3. Export procedure
Export financing institutions
Profile: Exim Bank of India
Export incentives and assistance in India
Export promotion organization in India
An overview of state trading corporation
Conclusion
References

Abstract

Exports are vital to any economy, be it developed or developing. No country can isolate itself from exports in some form or other. export performance is one of the main economic parameter of a nation. However, exports all over the world face tough challenges than before and Indian exporters are no exception. There is rapid expansion in the international market activities since the end of 2nd world war. The world export trade is increasing by leaps and bound. Due to exports countries have come closer for economic, cultural and social co-operation. International Marketing offers benefits to all participating countries. The need and importance of export marketing can be explained from the viewpoint of a country and that of a business organization. In order to maintain a healthy balance of trade and foreign exchange reserve it is necessary to have a sustained and high rate of growth of exports. export can be defined as "sale of goods and services from one country."
According to B.S. Rathor, "export Marketing includes the management of marketing activities for products which cross the national boundaries of a country."
export marketing involves the design of the products and services acceptable to the overseas customers and the conduct of those activities, which facilitate the transfer of ownership of goods and services from the seller of one country to the buyer of another country. export helps country to earn valuable foreign exchange, which is mainly required to pay for import of capital goods, raw materials, spares and components.