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Principles of international trade and financeKhankhuu LkhagvasurenBurte-ujinTsetsegbal Bat-erdene IntroductionCurrency risk and exchange riskDeregulationRisk and rewardsSignificance of importing and exportingVarious terms, acronyms and organization activity Importance of export and import application Ethical trading and social responsibility

IntroductionTerms and acronymsLicensesEthical tradingSocial responsibilities1.Analyze importance of foreign currency and exchange risk How active the foreign exchange market tells the story of what the financial community thinks of the global economy at that time

2.Review the current trading initiatives adopted including de-regulation activities.Import and exportEconomic integrationRegionalism free tradeProtect themselves

WTONondiscriminationTariffsTransparency

3.Evaluate the risk and rewards of trading abroadRewards of Trading abroad

Growth of businessDiversify riskBetter margins Earlier paymentsEvaluate the risk and rewards of trading abroadEconomic riskRisk of concession in economic controlRisk of insolvency of the buyerRisk of non-acceptanceRisk of exchange ratePolitical risks 4.Review and evaluate the significant factors development of importing and exporting.Freight developmentLicensesBarriersAnti-dumpingAnti-cheatingA Competitive EdgeEconomies of Scale in ProductionNew MarketsInsulation From Seasonal Domestic SalesImproved Return on Investment

5.Research and write your understanding of the various terms, acronyms and organization associated with import and export activities. Counter-measurementsImposing restrictionsRestrictionsAnti-dumping practicesA Competitive EdgeEconomies of Scale in ProductionNew Markets

Insulation From Seasonal Domestic SalesImproved Return on InvestmentThe FITA Global Trade PortalThe WTO The European Union AAEI The Professional Association of Exporters and Importers (P.A.E.I.)

6.Explain the importance of import and export licenses and its applicationDocumentsBarriersQuotesTariffs7.Survey trend of ethical trading and social responsibilityDefraudEthical tradingEconomical destructionSocial responsibilitiesConclusion Bad business resultsInvestigationsComplaintsEconomical turmoil

Recommendention References.EU slaps tariffs on Chinese steel. (2015, 5 2). Business. Retrieved from nzherald: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11423806euractiv. (2015, 5 2). EU slaps anti-dumping duties on China, Taiwan steel. Retrieved from euractiv: http://www.euractiv.com/sections/trade-society/eu-slaps-anti-dumping-duties-china-taiwan-steel-313276Euronews. (2015, 5 2). BUSINESS. Retrieved from Euronews.: http://www.euronews.com/2015/03/25/eu-slaps-tariffs-on-chinese-taiwanese-steel-imports/msn. (5015, 5 2). EU slaps tariffs on Chinese, Taiwanese steel imports. Retrieved from msn.com: http://www.msn.com/en-za/lifestyle/smart-living/eu-slaps-tariffs-on-chinese-taiwanese-steel-imports/vi-AA9ZPRfWikipedia. (2015, 5 2). Introduction (writing). Retrieved from wikipedia the free encyplodia: http://en.wikipedia.org/wiki/Introduction_(writing)

References file:///F:/violet/Step-by-Step%20Guide%20to%20Exporting%20-%20Appendix%20C_%20Glossary%20of%20International%20Trade%20Terms.html. (n.d.). Retrieved may 5, 2015IBClegal.com. (n.d.). Retrieved May 5, 2015, from Legal and risk management : http://www.ibclegal.com/event/risk-management-distance-learning-course-demontfort-university-dmu?xtssot=0PAEI.com. (n.d.). Retrieved May 5, 2015, from file:///F:/violet/Professional%20Association%20of%20Exporters%20and%20Importers%20%28P.A.E.I.%29.html.wikipedia. (n.d.). Retrieved May 5, 2015, from international trade : http://en.wikipedia.org/wiki/International_trade