introduction-to-international-trade

2020/5/201InternationaltradepracticeShanghaiUniversityofInternationalBusinessandEconomicsIntroductionChapter1QualityofGoodsChapter2QuantityofGoodsChapter3PackingandMarkingofGoodsChapter4PriceofGoodsChapter5DeliveryofGoodsCourseoutline2020/5/203Chapter6CargoTransportationinsuranceChapter7PaymentofGoodsChapter8Disputes,ClaimsandArbitrationChapter9BusinessNegotiationandtheSigningofInternationalSalesContractChapter10TheImplementationofInternationalSalesContractObjectives•TomastertheprocedureofInternationalTradepractice•Tolearnhowtomakerequireddocuments•Tomasterstandardbusinesstermsandexpressions2020/5/205Evaluation0204060assignmentsFinalExamAssessmentiscumulative(youmustobtainatleast60%ofthetotalmarkstopassthiscourse).Inaddition,studentsmustpassthefinalexam.Ifastudentfailstoachieveatleast50%intheexam,heorshewillfailthecourse.Studentsarerequiredtoattendalllecturesandtutorials.Missing1/3ofthelecturesandtutorialswillresultina‘0’markinthefinalassessment.2020/5/206IntroductiontothefinalexamAssignmentsincludeclassexercises,groupdiscussion,blackboardonlinetestsanddiscussions,seminar(s),etc.Moreover,thestudentscanimprovetheiropportunityforextramarksbytheirparticipationevidencedbyadditionaluseofblackboard,answeringquestionsintheclassroometc.Endofsemesterexaminationwillteststudents’understandingofarangeofmaterialscoveredinthiscourse.Thisexamisdesignedtobeof1.5hourdurationandisanopen-bookone.DetailedadviceandsampleexamquestionswillbepostedonthecoursewebsiteoftheUniversity’sBlackBoard.ReferenceTextbooksInternationalTradePractice(2ndEdition)byZHOURuiqi,UniversityofInternationalBusinessandEconomicsPressImportandExportPractice(6thEdition)byWUBaifu,ShanghaiRenminPublishingHouseOtherreferencespleaseseethecourseguide2020/5/2072020/5/208Introduction2020/5/2091.INTERNATIONALTRADEConceptsofInternationaltradeReasonsforinternationaltradeBenefitsofinternationaltradeBarrierstoInternationaltradeFormsofinternationaltradeE-commerce2020/5/20101.1WhatisinternationaltradeInternationaltrade,alsoknownasworldtrade,foreigntrade,oroverseastrade,isthefairanddeliberateexchangeofgoodsandservicesacrossnationalboundaries.2020/5/2011SupposethatanAmerica-basedmultinationalcompanysetuptwosubsidiariesinChina.Theparentcompanysignedasalescontractwiththesubsidiaries,whichstipulatedthattheparentcompanywouldmakethedeliverytooneofthesubsidiariesinShanghai,whichshouldforwardsomeofthegoodstoanothersubsidiaryatChengdu.Question:isthetransactionbetweentheparentcompanyandthetwosubsidiariesaninternationaltrade?CaseStudy2020/5/2012ComprehensionWhydocountriestrade?Shouldn’tastrongcountrysuchastheUnitedStatesproduceallofthecomputers,televisionsets,automobilesandcamerasitwantsratherthanimportsuchproductsfromJapan?WhydotheJapaneseandothercountriesbuywheat,corn,chemicalproducts,aircraft,manufacturedgoods,andinformationalservicesfromtheUnitedStates?2020/5/20131.2ReasonsforinternationaltradeResourceendowmentComparativeefficiencyMutualNeedsInnovationandstyleDiversificationExpandsales2020/5/20141.3BenefitsofinternationaltradeWhyexport?CreatingjobsEnhancingdomesticcompetitivenessGainingglobalmarketshareDiversifying/reducingdependenceonexistingmarketsExtendingthelifecycleofexistingproductsStabilizingseasonalmarketfluctuationsSellingexcesscapacityGaininginformationaboutforeigncompetition2020/5/2015NowadaysthereareheattensionsbetweenChinaandAmericaabouttradeimbalances,andAmericasentdelegationsvisitChinaseveraltimestodealwiththeproblem,whydoyouthinkAmericacaresomuchaboutthetradeimbalance?DoyouthinkAmericawillapplytradesanctionsagainstChina,whyorwhynot?Thinkaboutit2020/5/20161.4BarrierstoInternationalTradeSocio-culturalbarriersLanguageReligionCustomsandmannersEconomicbarriersexchangerateextracostTradebarrierstariffsnon-tariffsTothinkglobally,buttoactlocally2020/5/20171.5FormsofInternationalTrade1.Merchandiseexportsandimports2.Serviceexportsandimports3.Licensing4.JointVentures5.Investment6.Visibleandinvisibletrade2020/5/20181.6E-commerceE-commerceisthepracticeofbuyingandsellingproductsandservicesovertheinternet.B2CB2B2020/5/2019AdvantagesofE-commerceLowtransactioncostIntegrationofbusinessproceduresFlexibilityLargecatalogsImprovedcustomerinteractions2020/5/2020LimitationsofE-commerceSecurityproblemCan’tseetherealgoodsTimelagAfter-saleservicesMailcharges2020/5/2021DiscussionFormintoteamsoffourorfiveanddiscussthee-commercerevolution.howmanystudentsnowshopforgoodsandservicesonline?Whathavebeentheexperiences?Whatdoyouseeasthefutureforsuchpurchases?prepareatwo-minutesummaryfortheclass.2020/5/2022TermsandExpressionsTermtranslations:关税壁垒非关税壁垒保护性关税财政关税货币兑换幼稚产业TariffbarrierNon-tariffbarrierProtectivetariffRevenuetariffCurrencyexchangeInfantindustry2020/5/2023风俗习惯过境贸易转口贸易许可证制度政府采购贸易保护主义配额CustomsandpracticeTransittradeEntrepottradeLicensingsystemGovernmentpurchaseprotectionismquota2020/5/20242.GeneralProceduresofExport&ImportTransactionMainpoints:ThepreparationofatransactionThenegotiationofthecontractTheperformanceofthecontractTh