The streamlining of international trade process was made available to simplify information and data access for SMEs in order to conduct their international trade.To begin with, the system was developed to include the expenses on communication, banking, insurance, and inspection in addition to the traditional production & trading expenses. With the new system for international trade, SMEs can now research the market, pickup leads in a seamless ambience for online transactions.
-International Trade- Internet based product selection
The present system for international trade with a computer and internet requires you to possess an internet connected computer. Importers will visit vendors’ websites; browse specifications for chosen products. Once done, the products of required specifications can be selected and an order form can be generated for just the selected products of the already selected specification. Before you complete the international trade order, the order can be checked and/or corrected for details of product name, quantity, rate and total price. The order can be cancelled if it is unsatisfactory for any reason. Similarly, confirming it requires importers’ information like name, company’s name contact and shipping addresses, insurance, payment details etc.
-International Trade – Providing Payment Details in International Trade
This is the most critical part of online international trade; it requires sensitive information like bank account/credit card and telephone number to be transmitted. To eliminate fears of this information from being intercepted, check the credentials of the websites.
-Use the following foolproof steps to secure your information and payment.
1.Secure websites will have secured protocols like https:// unlike the usual http://
2.When secure pages load, an icon of a lock shows up at either within the address box or right most corner of your browser.
3.Secure pages are certified by agencies like Verisign and Thawte corporations
4.Certificates can be viewed by clicking on the icon of lock to confirm validity and encryption details.
-International Trade System
The computerized system for international trade works through internet and initiates by importers choosing and placing orders on suppliers over their websites. Websites can be owned by a single exporter or collectively by their associations. Processing the trade sends the completed form to a server linking with the particular client’s computer who receives the order. The system works efficiently even for websites with plurality of suppliers and the orders are transmitted to the chosen supplier and is never misdirected. The systems are robust to handle transactions flawlessly and servers are configured to send orders to definite suppliers and a confirmation will be sent you and the whole system will be automatically updated for stock position and lead time data. It provides a secure method, albeit through internet, for international trade and saves time for both buyer and seller and if configured provides a negotiating platform for both buyers and sellers.
Iran and Japanese company Inpex continue with their negotiations in an effort to finalize a huge international trade deal despite a series of delays due to disputes. If the deal materialized, it would create the biggest onshore oil block of the Middle East nation. According to reports, the energy deal is estimated to be around 2 billion dollars. Shana agency, which is an affiliate of Iran's Oil Ministry said that negotiations to finalize the deal concerning the development of the Azadegan oil block were continuing. The agency further said that the talks between National Iranian Oil Company and Inpex officials began last Saturday, which was also the deadline of a final decision regarding the international trade deal on oil.
Iranian Oil Minister Kazem Vaziri Hamaneh said last weekend that the Iranian government would disclose its final decision over the matter in the coming days. Meanwhile, Kamal Daneshyar, who is currently the chief of the Iran's energy commission, claimed last Saturday that the government would cancel the deal and that it would proceed with the project with a local contractor. At the same time, Japanese Trade and Minister Akira Amari warned against expecting a progress in the negotiations. However, he said that Iran was in a position where it cannot easily thwart the proposed international trade deal. It must be noted that the oil deal was signed by Inpex Corp. back in 2004. Inpex is an oil exploration firm that is back by both the government and private shareholders.
Both Iran and Inpex Corp. had initially set September 15 as the final deadline for an agreement. However, both parties failed to arrive at a consensus regarding the proposed international trade deal due to disputes on profit-sharing. The deadline was then moved to the end of September. It must be noted that work on the oil project was supposed to begin last March 2005. But it has been postponed due to a series of delays in the negotiations and due to certain disagreements. There are now reports that Japan is reconsidering the international trade deal with Iran due pressures from the US. The United States, which is among Japan's key allies, has warned the Asian nation of closing deals with Iran, which is at the center of a nuclear controversy. Signed in February 2004, the oil project targets to produce around 260,000 oil barrels per day from the Azadegan block. The oilfield is said to hold around 26 billion barrels of oil reserves.
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