Topic 1I’d like to give a talk on international trade. Exports and imports are ____of an interaction in world markets because trade ____ people and companies to produce what they produce best and to ____the great variety of goods and services produced around the world. A number of documents are ____ by an import/export transactions. They are: Bill of Lading, Sea Waybill, Shipping Note, Dangerous Goods Note, Air Waybill, Certificate of Insurance. There should be ____ and/or ____ (forwarding agent) who ____ the documentation and ____ the goods to be ____ by air, sea, rail or road. Methods of payment may be ____ with order basis (or cash deposit with order), ____ (as in most domestic trade, where ____pays the supplier soon after receiving the goods), by ____ or ____bill of exchange. The importer’s and exporter’s banks will be ____in ____ if a letter of credit or ____ is used. There’s ____ an insurance company or ____to ____ in transit. Many import or export ____are ____through an exporter’s agent or distributor ____.International trade flourishes ____ the ____ and the development of new products. There are some strategies on how to ____: brand extension, acquisition, me-too, ____of old brands. Brand ____ is a strategy where a company creates a new product category ____its ____ brand name. ____ is a strategy when ____ building its own new products, a company can buy another company and its ____ brands. “____” is another product strategy which means introduction of ____ of successful competing products. Revival of old brands means ____, repositioning an old brand that can cost much less than ____new brands. That’s all I want to say about international trade.

International Trade

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