Advantages And Disadvantages Of Export To Russia

The advantages of free trade- The law of comparative advantage comes into play when a country engages in free trade. This means that a country will be selling goods and services that it can produce at a relatively low cost and buying those that would be costly to produce. It also is in an advantageous position as it can get a wide variety of goods at the cheapest price possible. International trade also promotes competition in domestic markets and allows the consumers to purchase a wider variety of goods at lower prices. Too much regulatory policies that reduce trade also retard economic progress. This includes limiting entry of new firms in various businesses. Regulations that give priority to political authority over the rule of law and freedom of contract always undermine gains from trade. This creates the problem of corruption, red tape, and inefficiency. When they set the price above the market price, consumers are discouraged to purchase them. Allocation of capital into wealth creating projects is a sign of vibrant capital market. It is essential to have mechanisms capable of efficiently using the available resources for a country to realize its potential. Investment in capital needs to be consumption-oriented. The value of the additional output derived from the investment needs to exceed the cost of investment. The country needs to invest its resources in productive endeavors. In the modern economy, the capital market plays an important role (p. 51-89).

Why do countries trade? Why do we have allies? Why don’t we just become self-sufficient? It's because if we were to become self-sufficient we would not be able to cycle money and we wouldn’t have as many resources and amenities to get by with our entitled selves and only our spoiled selves, we would collapse into our own reality and eventually the word apocalypse would be innocent compared to what we would do to ourselves. So yeah self-sufficiency is not an option, we must trade.

Russia is a country that is known for their strong sense of cultural traditions and vast natural resources. However, during the last ten years the country has been rapidly changing. In some cases, these transformations have helped to improve the standard of living and increase tax revenues. While at other times, these shifts are signaling a regression back to many of the policies that were used by communist regimes. To fully understand what is taking place requires: assessing the nation's economic performance during the last 10 years, discussing factors that are contributing to this change, analyzing the culture of the county and studying other areas that are relevant to running a business. Together, these elements will provide the greatest insights as to how Russia has changed from 2002 to 2012.

“A permission or right offered to a firm or person in a host country to use a home firm’s technology or other knowledge resources in return for payment is known as licensing”. (Johnson & Tellis, 2008: 2). It is mostly useful for

Export subsidy reduce the price paid by foreign importers, which means domestic consumers pay more than foreign consumers. Export subsidies are government policies to encourage the outflow of goods and services from a domestic economy to the international market and discourage the sale of goods and services on the domestic market through direct payments, tax relief for exporters.

The above figure shows the export trend of pharmaceuticals from Indian market to the world. The highest export was recorded in financial year 2015-16. Despite of the fall in subsequent year it still maintained it power in the global market. India enjoys relative advantage in this sector, which is been calculated by the Balassa index. The strength of the exports has been compared with overall export of the ASEAN. As Indian pharmaceutical sector was growing similarly the pharmaceutical sector of ASEAN was flourishing which was making it an attractive for JAPAN and United States the sales from this sector was more than 20 billion us dollar by end of the

The United States has increased its oil production from 10 million to 15 million barrels per day between 2011 and 2015 surpassing both Saudi Arabia and Russia, and has perched at the list of the most productive oil countries (See figure.1) . This increase in the production of the United States due to the developments in techniques for extracting oil that called Hydraulic fracturing or fracking. Although the extraction of oil in this way is relatively expensive, but the high oil prices in recent years have made this investment worthwhile. On Jan 2015, the United States oil tanker loaded with oil arrived at the French port of Fos . It is the first commercial shipment of

Lately, the international financial integration has increased. Over the years, the world economy has witnessed an increase in the number of individuals and businesses using international banking services. In today’s competitive global economy banks have the option to solely service their home market, to export services to foreign markets, or to establish a presence in that market. Essentially, banks have two options of expanding their operations in foreign markets. They can either service foreign clients through their domestic offices or they can establish a presence in the foreign markets. In general, the reasons for bank internationalization in

1. 2. Executive summary Russian Duty Free Market overview 2.1. Current market size 2.2. Key drivers for market growth 2.3. SWOT analysis “BORT” Overview 3.1. At a glance 3.2. Our goals and objective 3.3. Our structure “BORT” Russia partners (State bodies, National Russian and International organizations)

Today such options as television, radio and print advertising can be effective for brand advertising and sales promotion on the Russian market. Serious brands that occupy a significant share in the global market like Mercedes-Benz, Audi, Renault, Toyota, Nissan usually spend a lot on new models launching and advertising. Outdoor advertising is not always effective option, as in most cases the driver could not see it. Outdoor advertising works well only in case the location of billboards and city-lights was chosen correctly and they are located in front of the traffic lights, in the parking places, busy streets, places where frequent traffic jams occur. Public relations in many companies today occupy a large part of the marketing budget. Organization of test drives and workshops for journalists, providing cars for prestigious events, participation in the rally, racing and sponsor promotions allow to get a powerful effect and add extra touches to the image of particular dealership and brand as a whole. However, a lot of auto-marketing experts believe that the future of this sphere is online advertising. These are the context, teaser ads, bright articles on various thematic resources, as well as contact with the audience through social networks. Today consumer is more protected from the effects of offline advertising as it has recently outdated itself. Older formats are becoming less effective, while new efficient offline formats were not created yet. This is not surprising, as

Nowadays, since the reform of WTO (World Trade Organization), trade barriers declined gradually over decades, in order to create more exchange between markets. Regulators from different governments had substantially focused on the same target, especially after 2008 worldwide financial crisis, to encourage more export from domestic producers.

Primary imports - commodities: electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic

Foreign trade has played a crucial role in India 's economy growth. The composition and direction of India 's foreign trade has undergone substantial changes, particularly, after the liberalization process which began in the early 1990s. Our major exports now includes manufacturing goods such as Engineering Goods, Petroleum Products, Chemicals & Related Products, Gems & Jewellery, Textiles, Electronic Goods, etc. which constitute over 80 per cent of our export basket. On the other hand, major import items constitute capital goods and intermediates which not only support the manufacturing sector but also supply raw-materials for the export oriented

The future of exporting is facing a tumultuous decade, severe recession has chocked off demand and employment fell at an unpredictable rate even in this advanced economies, the export industry has been trying to recover in a pathway from survival agriculture to rise incomes and living standards. The export business has brought both opportunities and challenges, making it more important to mark our business by strong tradition of quality service, reliability and honesty. Our company is well aware that it takes dedicated and focused work day after day to deal with the constant challenges in today’s globalization.

 India was a net importer of chemicals in early 1990s, but has now become a net exporter due to implementation of many large scale petrochemical plants like Reliance, ONGC etc. and also because of tremendous growth of exports in sectors like bulk drugs and pharmacy, pesticides, dyes and intermediates