Understand Global Commerce
Build a strong foundation in global trade principles to support efficient cross-border operations. This course introduces the essential knowledge and practices for managing international trade effectively.
What is this course about?
This course explores the core elements of international trade, including trade regulations, import and export procedures, shipping documentation and global supply chain dynamics. It helps learners understand how goods and services move across borders while managing compliance and risk. It is ideal for professionals starting supply chain management courses with a global focus.
Why take this course on international trade?
Successful international trade depends on knowledge of complex regulations and logistics. This course prepares you to handle documentation, customs processes and international transactions with confidence. It is a valuable option for those pursuing logistics and supply chain management courses that involve global operations.
What you will gain from this course:
- Understand trade terms, regulations and documentation
- Manage import and export processes accurately
- Navigate customs and international compliance requirements
- Coordinate shipments and logistics across borders
- Reduce risk and improve global trade performance
Overview
Examining the basics of international trade, evaluating the impact of trade policy on facilitating or hindering global trade.
Description
Examining the basics of international trade, evaluating the impact of trade policy on facilitating or hindering global trade, understanding and applying the international purchasing process, and analysing and applying the fundamentals of counter trade are essential components in navigating international business transactions.
- The concept of international trade is analysed to reflect its importance, purpose and implications for a country
- The current and past direction of international capital flows are identified and evaluated to determine trends
- International trade is evaluated to reflect the fundamental principles underlying foreign exchange markets and exchange rates
- The basics of balance of payments accounting are assessed to reflect the process of classification and the functioning of balance of payments
- The South African current international trade situation is analysed to reflect how it impacts on economic growth and the challenges facing SA in terms of international trade
- The role of trade policy is assessed indicating how current South African trade policy is impacting on current and future international trade
- The role of trade policy is assessed indicating how it impacts on economic growth
- Fundamental concepts of trade policy are evaluated to determine their influences on and implications for international trade
- The application of volume restrictions on trade is evaluated to determine its impact on economic growth
- A flow diagram of the international purchasing process is produced to reflect its elements
- The key role players are identified to determine their roles in the international trade process
- The documentation relevant to the different role players are utilised in accordance with their purpose
- The international trade process is applied whilst dealing with the legal implications for the organisation, supply market and country
- Recommendations are made of suitable precautionary measures to limit risks
- The concepts and aims of counter/reciprocal/barter trade are analysed to determine their advantages and disadvantages
- Counter trade transactions are executed to exchange goods, services, or ideas for money
- The impact of forward cover on pricing is examined to determine the impact on consumption, investment and growth
- Forward cover is applied in accordance with specific purposes and principles
- Non-accredited: Short course only
- Duration: 0h 50m
- Delivery: Classroom/Online/Blended
- Access Period: 12 Months
