According to a recent survey by Lloyds Bank Corporate Markets, exports are rising as business looks to diversify into fast growing economies. However, it warned, trading overseas has associated risks.
Alan Bracken of ABTS Training Services commented: “Many UK companies are now expanding into new global markets which can only be good for our faltering economy.”
“However, they must have a strong understanding about the business of exporting, such as negotiation skills with overseas partners and understanding the different commercial cultures. They must be in a position to deliver the sharp end of exporting in terms of understanding documentation and freight rates and working with third party providers such as clearing agents and freight forwarders.
“Get it right and it is a smooth operation. Get it wrong and you are in deep trouble.”
Getting it right is the theme of ABTS Trainings’ online import export course. A practical training course teaching you the necessities of importing and exporting, with free one-to-one support.