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Articles about or concerning Global Trade, Culture, Import and Export, Etiquette, Consumer Information, Technology, Trade, Investment, Culture, Finances, and Marketing.
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The Emerging City of Hyderabad, India

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 Steve Went (October 21, 2009)  Hyderabad is the financial and economic capital of the state of Andhra Pradesh, and is the largest contributor to the state’s gross domestic product, state tax and excise revenues. Commencing in the early 1990s, the economic pattern of the city has changed from being a primarily service city to being one with a more diversified spectrum, including trade, transport, commerce, .. (International Business)

Hau Giang Province Offers Investment Incentives

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 Steve Went (October 21, 2009)  Hau Giang Province located south of Can Tho City and and 240 kilometers of Ho Chin Minh City is offering incentives to attract more investors. Investors in the province will be qualified for zero import and export taxes, a 15-20 percent tax reduction on revenue from 10 to 12 years and bank incentive loans. Investors would receive exemption from land lease fees, and land and water .. (International Business)

Indian Imports to Attract GST from Next Year

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 Steve Went (October 12, 2009)  Imports into India will attract goods and services tax (GST) under the new tax regime to be ushered in from next year. The Empowered Committee of State Finance Ministers has endorsed in principle the levy of GST on imports and mandated a Joint Working Group to prepare a report in four weeks on the structural changes necessary to be adopted for this purpose. The current thinking is to .. (International Business)

Catch 22 for Chinese Gym Operators

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 Steve Went (October 12, 2009)  When the Chinese health and fitness industry took off on a grand scale in the early 2000s, the focus was on Beijing and Shanghai. Residents of these cities have higher incomes and are generally more health conscious than those in other parts of the country. Fitness markets in western China have shown robust growth in recent years as well, as the government encourages economic .. (International Business)

India Emerging as Vast Direct Sales Market

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 Steve Went (October 07, 2009)  India is fast emerging as a key destination for international direct selling companies. Lured by consistent annual growth in excess of 30 per cent for the past four years, at least five multinational companies selling cosmetics, tableware, home furnishings and health products plan to enter India’s US$33 billion direct selling industry. Jafra Cosmetics International, Nu Skin .. (International Business)

IMF May Revise Vietnam’s Growth Estimate Upward

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 Steve Went (October 07, 2009)  Following an accelerated third quarter, the International Monetary Fund said its latest growth estimate for Vietnam may be revised upward. Vietnam’s gross domestic product expanded 5.8 percent in the third quarter from a year earlier, up from 4.5 percent in the previous three months, according to figures this week from the General Statistics Office in Hanoi. The government is .. (International Business)

Female Literacy, a Human Right and a Necessity for India’s Growth

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 Steve Went (September 11, 2009)  The Universal Declaration of Human Rights issued by the United Nations declares literacy a basic human right. In India, however, 50 percent of the women cannot read or write. For a country that has had phenomenal growth rates for the last several years, it also has some of the most shocking statistics when it comes to education. The number of illiterate people in India is the highest in . (International Business)

China’s Sporting Dichotomy Points to Starkly Diverging Interests

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 Steve Went (September 11, 2009)  For the one-year anniversary of the Beijing Summer Olympics, Beijing staged a celebration in the Bird’s Nest, China’s national stadium. Back in 2008, the opening and closing ceremonies for both the Olympic Games and the Paralympics were held there, as well as the track and field competitions. In choosing an occasion to mark the anniversary, the challenge the organisers of .. (International Business)

Tata Indicom Introduces Innovative Fixed Pay Per Call Mobile Concept

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 Steve Went (September 03, 2009)  Tata Indicom, the CDMA mobile service brand operated by Tata Teleservices, recently introduced an innovative concept that would charge clients a fixed rate on a per call basis instead of the current per minute billing. Mobile users availing of Tata Indicom’s services will be charged for every call they make regardless of the duration of the call. These type of calls will only be .. (International Business)

China’s Manufacturing Registers Fastest Growth in 16 Month

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 Steve Went (September 03, 2009)  Mainland China’s manufacturing grew at its fastest pace in 16 months according to the purchasing managers’ index (PMI) compiled by the China Federation of Logistics and Purchasing. The index jumped to 54 last month from 53.3 in July fueled by aggressive growth in new lending and confidence on China’s huge RMB4 trillion plan. This is the fifth consecutive month that .. (International Business)

Rupee-U.S. Dollar Currency Futures Rocket by 1,500 Percent

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 Steve Went (September 01, 2009)  Rupee-U. S. dollar future trading has skyrocketed by 1,500 percent, one year after being introduced in the country. According to The Economic Times, the average daily turnover has increased by more than 1,500 percent starting from US$60 million a day in August-September 2008 to the current rate of almost US$1 billion per day in the NSE and MCX Stock Exchange. Given the positive growth . (International Business)

Shanghai Closes in on New York-Level Prices

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 Steve Went (August 26, 2009)  Shanghai and Beijing are getting close to prices one would expect to pay in New York for certain products, a recent UBS survey has found. The Prices and Earnings 2009 report was issued to the bank’s high net worth value individuals and compares a variety of prices for commodities ranging from food to auto on a global basis. Using New York as its benchmark, this year’s .. (International Business)

India, China Together on Climate Change Issue

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 Steve Went (August 26, 2009)  India and China yesterday agreed to fight attempts by western nations to link trade with climate change issues and impose trade-related penalties on developing countries failing to meet environmental standards, reports The Times of India. India’s minister of state for environment, Jairam Ramesh, told The Times of India that he asked Chinese counterparts whether they will stand .. (International Business)

How to Look for Contract Hire Companies?

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 Himanshu Narang (July 24, 2009)  Contract hire is a convenient way to do business in the UK. Businesses that need transportation look for contact hire companies for many reasons. The foremost is the convenient low initial payment or deposit. Another reason is the option to find the vehicle you want at a term convenient to you and your cash flow. Thus, if you are looking for contract hire companies, this article is a .. (International Business)

Marketing Tips for International Businesses

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 Vit Jiracek (July 10, 2009)  Today the majority of marketing experts advise to try more marketing methods, test and analyse them. Each business is different and what brings an astonishing result to one does not need to be effective for the others. By another words, you have to always test and analyse results. This is the most important strategy for all forms of marketing and any type of business. s Whether you do .. (International Business)

China’s Investment Opportunity in Waste Management

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 Steve Went (July 07, 2009)  Like most other developing countries, China is now facing the consequences of increasing urbanisation, exploding population and economic growth. How to manage the country’s waste and minimise its environmental impact have become some of the country’s most pressing issues. In recent years, China has taken great efforts to develop a functioning sustainable or circular economy .. (International Business)

First Cross-Border Trade Settlement Deal Made

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 Steve Went (July 07, 2009)  The first cross-border yuan trade settlement deal came through today from the Bank of China (BOC), Hong Kong to Bank of China, Shanghai reports Xinhua. The deal is part of a pilot program announced by Beijing last April to ease cross-border trade deals for Chinese importers and exporters in southern Guangzhou, Shenzhen, Shanghai, Zhuhai and Dongguan wanting to transact in renminbi with . (International Business)

India Releases New Anti-Competition Laws

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 Steve Went (July 07, 2009)  The Indian government has announced the changes to the Competition Act of India dealing with anti-competitive agreements and abuse of dominance. The details of how the changes affect Indian M&A have yet to be ratified, although it is expected to be brought into law later this year. To strengthen the anti-competition act, the government has also established the Competition .. (International Business)

Chris Devonshire-Ellis On Why India is a Better Business Prospect than China

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 Steve Went (June 29, 2009)  “It’s always about opportunity. ” That is what I tell people when they ask why, after having lived in China for 21 years, I moved to India. Having founded the professional services firm Dezan Shira & Associates in China 17 years ago and grown the firm into a regional powerhouse, I am now seeking new pastures by expanding the firm’s operations in India. India . (International Business)

Vietnamese Exports to the U.S. Grows Despite Trend

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 Steve Went (June 22, 2009)  Vietnamese exports to the United States grew by 3 percent to US$3.75 billion, one of the only 30 countries whose shipments increased for the first four months of the year. The rise in exports was mainly driven by clothing and footwear industry. According to the U. S. International Trade Commission, China’s exports dropped by 12 percent, Japan’s 43 percent, South .. (International Business)

Deconstructing the Bharti-MTN Deal

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 Steve Went (June 08, 2009)  The proposed merger of Bharti and MTN is likely to make the resulting telecom the world’s third largest mobile operator after China Mobile and Vodafone in terms of number of subscribers. Negotiations for the merger started in May, 2008 by Bharati. However, the terms and conditions set in the earlier merger proposal by Bharati were not accepted by MTN which later proposed a new .. (International Business)

Rio Tinto Rejects Chinalco Bid

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 Steve Went (June 08, 2009)  The world’s third- largest mining company, Rio Tinto Group, has rejected Chinalco’s US$19.5 billion bid; opting to raise US$15.2 billion through a share offering. Rio Tinto and its former rival BHP Billiton are forming a 50/50 joint venture that will consolidate all their iron ore assets in Western Australia and save them more than US$10 billion. In addition, BHP Billiton .. (International Business)

Hong Kong Adds HK$16.8 Billion to Stimulus Plan

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 Steve Went (May 28, 2009)  Yesterday the Hong Kong Special Administrative Region (HKSAR) announced its package of tax cuts, fee waivers and spending amounting to HK$16.8 billion to ease the effects of the global economic crisis. The plan includes the waiver of business registration fees, salary tax cuts and two quarter suspension of property rates. This brings HKSAR stimulus and relief spending to a total of .. (International Business)

Mumbai to Join Asia Mega-City Club with 100 Storey Skyscraper

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 Steve Went (May 28, 2009)  The Metropolitan Region Development Authority in Mumbai is taking bids on an iconic 100-plus-story building in the city’s Wadala district. The tender calls for an interstate bus terminal and tower to be built on 35 hectares of land. Pre-qualifications for tenders have been asked for submission by July 2. Only construction companies with an annual turnover of US$600million will be . (International Business)

Global Manufacturing in China Changes Tune as Exports Slow and India Rises

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 Steve Went (May 25, 2009)  Subtle changes are occurring in the global and domestic perception of China as a viable cheap manufacturing source as the country grapples with the imbalances caused by its export driven economy. While much of China’s foreign direct investment over the past twenty years has come from initially one source – the development of foreign invested manufacturing businesses taking .. (International Business)

Globalisation in Retreat - The New Protectionism?

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 Steve Went (March 20, 2009)  As money markets tighten, production plummets and unemployment soars, Asian governments like their counterparts in the west are slowly and silently making policy changes. Jargon such as tighter environmental laws, ‘place of origin’ rules and anti-dumping are being added to inter-regional trade documents to raise import barriers. Even as ASEAN and APEC leaders recently .. (International Business)

Effects of the Financial Crisis on China - The Numbers

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 Steve Went (February 26, 2009)  As the workshop of the world, China has largely fueled its growth through the export of consumer goods to the West. This was undoubtedly the niche China was bound to fill with its army of cheap labor, abundant natural resources, and a burgeoning free market economy. However, as world financial institutions teeter on the edge of collapse and the average Western consumer sees a drop in .. (International Business)

Indian SMEs Set Their Sights on the UK Market

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 David K Parks (January 16, 2009)  The United Kingdom (UK) is one of the leading export destinations for Indian small and medium enterprises (SMEs) across most industry verticals. This region is also one of the most favoured markets for small scale optical goods manufacturers and exporters. The eyewear market in the UK has witnessed a rapid growth over the past few years. This provides ample opportunities for Indian .. (International Business)

Rural China Offers Good Opportunities For US Firms

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 Aaron Wong (January 15, 2009)  The recession that has impacted the United States has had a domino effect on the rest of the world. One by one every country has been impacted. As the primary consumers of the world's products, when we struggle financially, we decrease spending at our local retailers, who in turn purchase fewer products from suppliers who many of them are located overseas. China has felt a large brunt .. (International Business)

Cost Cutting Lessons Learned From China During This Economic Slump

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 Aaron Wong (January 15, 2009)  When the economy struggles, one of the first steps taken by companies is to find ways to cut costs. One of the most common areas cut is in the number of employees. For example, the total number of layoffs reported in December 2008 was over 500,000, bringing the total number of corporate pink slips to over 2.5 million. This is the worst year for layoffs since 2001 when 1.6 million jobs .. (International Business)

Culture-Free Communication

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 Cindy King (October 04, 2008)  When writing in English for a broad international audience there are a few strategic decisions you need to make. One of them is whether you want to use culture-free communication. . . or not. First, let's have a look at what culturally-specific communication is. Culturally-Specific Communication Most people speak like everyone else around them. When we grow up, live, go to school, .. (International Business)

Market Research For International Business Development

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 Cindy King (October 04, 2008)  Market research can have a bigger role to play in international business development than when selling to your domestic market. Why? Because you need to start from the beginning when learning about foreign markets. You can look at international market research from 3 angles: Primary Market Research This is the hardest. This is the market research no one wants to do. Why? This is .. (International Business)

Focus on Your Cultural Communication

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 Cindy King (October 04, 2008)  A question came up the other day that got me thinking. Follow me through. . . Here is the first question: Is it responsible of a company to send someone who only speaks English to conduct sensitive business discussions with people who do not speak English well? Well first, to answer this question. . . If the person did not have any international exposure, then, yes, the company is .. (International Business)

Political Correctness Memories From the Bahamas

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 Cindy King (October 04, 2008)  A recent reader of one of my articles got offended with my use of the words “foreign languages". She said I should use “other languages". According to the reader this is more “politically correct". Hmm. . . Random Thoughts On Political Correctness From My Childhood This reminds me of something I lived through as a child. You see I grew up in the Bahamas. Now, just .. (International Business)

Globe-Trotting Business Trips - How to Make the Most of Them

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 David Braybrooke (September 24, 2008)  Obviously, when you're traveling for the purpose of doing business you will have a different focus to that when you are taking a holiday yet that doesn't mean that you can't have an enjoyable time along the way. Your trip can be a great way to fact-find in relation to your job and as well as being a profitable learning experience (hopefully) a globe-trotting business trip can double as .. (International Business)

English For International Appeal

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 Cindy King (September 24, 2008)  I have written about Culture-Free English and this article follows on with Cross-Culture-Appealing English. Or how to write to appeal to a wide range of cultures. . .in English. That is both native English speakers and non-native English speakers. Why would I even want to bring this up? Well. . . Do you want to develop your international business? No budget for translations? And .. (International Business)

Urgent Translations How-To

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 Barvinschi Adina (September 24, 2008)  This can happen to any company: an urgent and usually quite long translation comes up, preferably on Friday, and quick decisions need to be taken. But however fast the translation must be done, many companies have discovered that a rushed decision as to the provider of the translation can lead to very poor translations, delays and a fair amount of trouble with clients and suppliers. Any . (International Business)

How Important is the Global Business World to You?

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 Amilu Stewart (September 22, 2008)  What does the term economic globalization mean to the small home based business owner? Are we seeing the finality of globalization, or is it a process in evolution? It is impossible to predict the future, but we can begin to understand some of the trends of the future by realizing what has already occurred. If you study this phenomenon of globalization in which we are living, you will .. (International Business)

When Do You Need Translations

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 Cindy King (September 22, 2008)  When businesses embark on the creation of country specific websites, and culture specific content, they need to set a budget. But. . . The budget for translation often looms as vague and difficult to pin down. Almost as if you are trying to find something in thick fog. And. . . Because a translation budget is difficult to evaluate, businesses usually begin a whole series of .. (International Business)

Plan Your Foreign Language Content

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 Cindy King (September 22, 2008)  Culture customized content builds stronger connections in your international markets. But, what do you do when you want to use culture customized content for stronger international presence, and. . . . . your international development budget is small? . . . your company wants to be cautious? How do you reconcile this with everything you think you need: A full foreign language .. (International Business)

How Fast Can You Internationalize a Website

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 Cindy King (September 22, 2008)  First, the short answer: It depends on two things: The extent to which you want to and can internationalize your website. How culturally specific your website is today. Now, the long answer. Let's clarify a key point. What is an internationalized website? On Get International Clients, I refer to two different types of websites: An International Website An Internationalized .. (International Business)

Aligning Your Questions to Build Your International Business

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 Cindy King (September 22, 2008)  When I first speak to clients who are not familiar with international business development I almost always have to do the same thing. Get back to basics. You see most clients call me when they are ready to go into international markets. They have already made a few outlines in their strategy, but they realize they need a stepping stone to help they get into action. But they are .. (International Business)

International Business Through Culture Customized Content

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 Cindy King (September 17, 2008)  There are several reasons why culture customized content is worth the time, money and effort to create. Here are some of the reasons why culture customized content is a good international business tool: Speak To The Right People If you do not adapt your communication to your foreign market, you may not be reaching the people you want to reach. You need to communicate with your foreign . (International Business)

When Digital Products Open International Markets

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 Cindy King (September 17, 2008)  Have you dropped the idea of expanding into international markets because you think you do not have a product that will sell to different cultures? Even French bakers can get international money by selling digital information products based on their expertise. Are you truly stumped because you think you do not have a product to sell to international markets. Take A Different View Then . (International Business)

First New Products For International Markets

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 Cindy King (September 17, 2008)  If this is your first foray into international business development, you might wonder whether you should develop a new product. Do you feel there is no international market potential for your current products? Remember, your first priority is to get to know your specific foreign markets. When you understand your foreign markets you will be in a better position to know how to sell to .. (International Business)

Read This Before You Choose Your First Product to Sell Abroad

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 Cindy King (September 17, 2008)  Are you still wondering what product to sell abroad? Does it seem like a critical choice to make? Businesses just starting to develop international markets often spend considerable time wondering what they should sell abroad. There is more than one way to get stuck while choosing which product to sell. I regularly meet business owners who do not think they have an international .. (International Business)

Start With One Product

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 Cindy King (September 17, 2008)  One of the first stumbling block many businesses face once they decide to develop their business internationally is thinking they need to sell all of their current products abroad. You can, of course, sell your full range of products abroad through your current location. This is more an Export Marketing approach. To fully develop each of your international markets you need to start .. (International Business)

Brainstorming Questions For International Product Development

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 Cindy King (September 17, 2008)  Do you need to establish how a baseline for your international product? Understanding clearly how you currently operate will help you to identify possible changes you may need to make once you get feedback from your foreign markets. Here is a list of brainstorming questions to help you with your international product development. Brainstorm these questions in-house as a team effort. . (International Business)

5 Sets of Questions to Consider When Working on Website Localization

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 Cindy King (September 17, 2008)  You can start your international business development with an International Website. You can also start with a localized website. And you can transition from an International Website, targeting several or all countries, to a Localized Website, or several Localized Websites, targeting one specific country at a time. To create a localized website you will need to know about each of the . (International Business)

Follow-Up With Your Foreign Customers

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 Cindy King (September 17, 2008)  Every business person has to understand that there is something you must do when you start getting your first international clients. You never know what gems you may discover. The best international market research is usually simple and easy to do. And it is actually quite fun. Ask Customers Why They Buy Your Products One of the ways you can get valuable international market feedback, . (International Business)




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