Export is a key aspect of the modern economy

The Volume of export transactions is one of the indicators of economic development of the country. Solid state's position in the international market reflects not only production benefits but it also characterizes the competitiveness of products.

What to export

Export – export outside the country of various goods and wealth with a view to their implementation in the international market. In the current economic conditions in addition to material goods, most States are increasingly offered in the external market such intangible products, such as capital and services. That is, export – it means to provide a foreign partner of a different material and intellectual services for a fee.

Export is considered to be the result of international division of labor. He is also the material precondition for the import of other States. Funds received from the export products are the main source of payment of the import.

The fact that each state has its own resource capabilities to produce raw materials or finished goods at the least cost, which is more profitable to export. To import a country has wealth, which it lacks. Thus, all export and import transactions are closely interrelated and form international relations.

International trade volumes

International trade transactions include exports and imports of all countries of the world, and their total value represents the foreign trade turnover. The volume of total world trade is calculated by summing all of the income generated by the exported goods only.

The calculation of indicators of export-import operations, economists be sure to count the balance of foreign turnover. If exports exceed imports, then the balance is positive. This indicates a high-volume production of national product. In case of negative balance it can be argued that the country buys more products abroad and exports a little.

Export regulations

There are certain requirements, according to which the country is allowed to export. This is a set of rules and conditions specified in international regulations and laws of each country. First, at the time of export for export goods to pay customs fees and duties. Second, all participants in the transaction are required to comply with the financial and economic measures under the customs legislative acts engaged in international trade of countries.

In addition to different duties, the export of goods is often regulated by licensing and quotas. This means that it requires additional documents in order to export. Are special permits and licenses, which are issued by the authorized body and have legally binding. For example, to export the object of the culture is possible only with a special certificate issued by the service for preservation of cultural values of the country.

A Very important condition for foreign economic trading – the exported products must enter the country-the buyer in the same condition in which it was at the time of drawing up the customs Declaration. If the product is poorly preserved, has been damaged during transport or has changed as a result of normal wear and tear, the purchaser is entitled to withdraw from the transaction.

Methods of stimulation of export

Every country, regardless of their level of development, committed more to export. It provides the country with revenue in the amounts which the government will be able to import. With the aim of increasing the export potential of many countries apply economic instruments to stimulate foreign trade. So, quite positively on the sales of goods affects all exporters and foreign contractors best loans with low interest rates. Also to stimulate the export of good quality advertising products abroad, which provides global market information on the proposed product.

Many States offer domestic firms, depending on the type of products and production volumes, tax benefits. Basically, these grants are minor, but in some cases they reach large sizes.

An Important tool of export promotion is a government lending. The state offers exportersloans with a lower interest rate and long terms. To this end, the majority of countries are creating special banks and financial institutions that are engaged in this type of lending.

For export operations significant impact of domestic currency regulation. The stability of the national currency allows the Contracting parties to plan sales volumes and forecast revenues in the long term.