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IB0014fall 2014
1 With reference to
FTP 2015-2020, Explain the various measures introduced for Trade Facilitation
and ease of doing business. Explain the MEIS Scheme
a.
Trade Facilitation Measures
b.
Description of MEIS Scheme
Answer: Trade remedies are a
legitimate method of addressing unfair trade practices. While India is a strong
votary of free trade and benefits from it, yet it has used trade remedial
measures where required and will continue to do so if unfair practices are
adopted by trading partners or their business entities.
A
Directorate General of
2 Discuss application
of Stretch Wrapping in Packaging. What are the different cushioning materials
used for packaging.
Description
of Stretch wrapping applications in packaging
Discuss
the various cushioning materials used in packaging.
Answer: Stretch wrapping applications in packaging
Stretch
wrap or stretch film is a highly stretchable plastic film that is wrapped
around items. The elastic recovery keeps the items tightly bound. In contrast,
shrink wrap is applied loosely around an item and shrinks tightly
3 Who is a CHA?
Explain the responsibilities and duties of a CHA?
Description
of CHA
Responsibilities
of CHA
Answer: A Custom’s House
Agent, or CHA, is hired by a company to act on the company’s behalf in
importing and/or exporting goods. This releases the company from having to
tangle with the often stringent and complicated laws of importing and
exporting. The CHA is given legal authority to make decisions regarding
4 Explain about Export
Credit Guarantee Corporation of India? What are the different policies offered
by the ECGC?
Description
of ECGC
Description
of policies offered by ECGC
Answer: The ECGC Limited (Formerly
Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by
the Government of India based in Mumbai, Maharashtra. It provides export credit
insurance support to Indian exporters and is controlled by the Ministry of
Commerce. Government of India had initially set up Export Risks Insurance
Corporation (ERIC) in July 1957. It was transformed into
5 Explain the
different Avenues to enter business in a foreign market. What is Embargo?
Discussion
about Export Methods, Joint venturing, Foreign investment etc
Description
about Embargo
Answer: Different Avenues to enter business in a foreign market
Exporting: Exporting is the
marketing and direct sale of domestically-produced goods in another country.
Exporting is a traditional and well-established method of reaching foreign
markets. Since exporting does not require that the goods be produced in the
target country, no investment in foreign production facilities is required.
Most of the costs associated with exporting take the form of marketing
expenses.
6 You are a Handicraft
products exporter. A prospective overseas client has shown interest in your
products. Write a letter making a firm offer mentioning all relevant facts
regarding product features, payment terms, transport details, insurance,
delivery schedules, packaging etc.,? Assume all relevant details about the
product and the client.
Letter
with all relevant details
Answer: LETTER
1st
December 2016
Mr.
ABC
XYZ
Shop
USA
Dear
Sir,
PQR
Cotton is a leading Indian handicraft manufacturer and exporter of finest home
furnishing textiles such as curtains, cushion cover, bed linen, table cloth,
kitchen napkin etc. The range of our product line, good quality and competitive
price have made us one of the fastest growing
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