Exporting a product

Foreign economic activity is the cooperation of a country’s entrepreneurs with partners abroad: exports, imports and cooperation. Export is selling a product to a buyer abroad, and import is buying from abroad. Before going abroad, the entrepreneur studies competitors’ products, prices and services and assesses how competitive his own product is. Exporting needs extra costs: packing, documents and customs clearance, transport, insuring the cargo, bank services, exhibitions and advertising. The export price is built from the production cost, these extra costs and profit. To export goods, customs clearance is done with a contract, a cargo customs declaration and cargo documents. For reasons such as safety, public health, the environment and cultural heritage, limits may be placed on some goods, so that a licence or quota is required to export or import them; the current procedure should be checked with the authorised bodies.