Foreign Trade (Master International Business)

The Subjects of the Module “Foreign Trade” are:

1. Import/Export Documents
2. Incoterms
3. Customs Procedures
   1. World Customs Organization
   2. Customs and World Trade Organization (WTO)
   3. New EU Customs Code (EU)
4. International Contracts
   1. Anti-corruption Clause of the ICC
   2. UN Commission on International Trade Law (UNCITRAL)
5. Trade in Services

1. Methods of payment. Letters of Credit
2. International Trade Finance
   1. FOREX
   2. International bonds

Non-tariff Measures.

1. Sanitary and Phytosanitary Measures
   1. Agreement on Sanitary and Phytosanitary Measures
2. Technical Barriers to Trade
   1. Agreement on Technical Barriers to Trade
3. Pre-shipment Inspection
   1. Agreement on Preshipment Inspection
4. Anti-dumping Measures and Safeguards
   1. Agreement on Safeguards
5. Import Licensing and Quotas
6. Global System of Trade Preferences (GSTP)

Trade Facilitation.

1. World Trade Organization (World Trade Organization (WTO))
2. General Agreement on Trade in Services (GATS)
3. Trade Facilitation Agreement
4. Kyoto Convention (Containers)
5. Convention Harmonization of Frontier Controls of Goods
6. Global System of Trade Preferences
7. Trade Negotiations Among Developing Countries

Download in PDF: Syllabus of Foreign Trade Related Subjects.

1. Non-tariff Measures (PDF)

The objective of the module “Foreign Trade” (25 ECTS) aims to provide comprehensive knowledge, tools, and techniques necessary to manage all technical aspects related to Foreign Trade of an exporting company: Incoterms® 2020, customs, documents, letters of credits, international finance, and contracts.

The specific objectives of the module two “International Trade” of the Master / Doctorate in International Business are to understand

1. The different types of documents used in International Trade, which documents usually require the customs, the requirements for the various documents and how to fill in these documents correctly
2. The responsibilities of the exporter and importer under Incoterms and how Incoterms® 2020 are used in International Trade transactions
3. The role and functioning of Customs and  customs agent
   1. To become familiar with import procedures
   2. The different customs procedures and methods of classification of products
   3. To learn how to complete the customs documents
   4. To know how to identify non-tariff measures (technical and non-technical)
   5. To understand the role of WCO and WTO
4. The various methods of payment used in International Trade and outlining their differences, advantages, and disadvantages both for the importer and the exporter.
   1. What Documentary collections are and how they work
   2. Export and import collections will be analyzed
   3. Importance of Documentary Credits (letters of credit) in International Trade
   4. How Documentary Credit works and tobligations of the involved parties
5. The various methods of finance both for exports and imports.
   1. Fundamentals of the Foreign Exchange Market
   2. The different types of bonds and guarantees and how they operate
   3. The various methods of managing foreign exchange and country risk
   4. The forward exchange contracts and the currency options will be examined in greater detail
   5. Forfeiting, Factoring, and Invoice Discounting will be analyzed
   6. The different types of international bonds and guarantees and how they operate
6. The pillars of international contracts as they are used in International Trade transactions
7. The key concepts related to Trade in Services: modes of supply, most-favoured-nation, liberalization, market access...
8. How to identify and distinguish non-tariff measures (technical and non-technical) in Foreign Trade
9. The key concepts of Trade Facilitation Programs