Covid 19 continues to ravage businesses and livelihoods across the globe. Many businesses closed down due to dwindling consumer demand resulting from containment measures put in place by governments in order to control the spread of the pandemic. Governments introduced monetary, fiscal and administrative measures to try and shield businesses from total collapse. However, restrictions on movement of persons and closure of many businesses caused many workers to be declared redundant and many businesses to experience acute cashflows.
One of the strategies adopted by trade promotion agencies and companies, has been to delve beyond the domestic market, in order to shore up exports.
Despite the emergence of various professionals that assist companies to accomplish their export transactions, exporting companies and/or export managers are expected to be familiar with export trade. Export trade requires clear knowledge of the regulations, processes and documentation that apply in the management of international trade. Such knowledge helps them in counterchecking the origin and monitoring movements of goods and services in order to ensure that importers receive the correct products, while at the same time, exporters are paid on time and in the correct currency. Failure to meet any of the many steps in the export process can result in failure of the consignment to reach its destination on time, hence undermining the success of the export transaction.
Madam Christine Mugure, a Trade Facilitation Expert with Kenya Trade Network Agency, will discuss export procedures and documentation, to enhance knowledge of existing exporters and new entrants in a webinar by the Organization of Women in International Trade (OWIT International). The webinar will take place on Tuesday 27th July 2021 at 1.00 pm East African time.