The objective of the module “Foreign Trade” (25 ECTS)
is to provide all the knowledge, tools, and techniques necessary to manage all the 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
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
The responsibilities of the exporter and the importer under the Incoterms and how the Incoterms® 2020 are used in International Trade transactions
The role and functioning of Customs and the customs agent
To become familiar with the import procedures
The different customs procedures and the methods of classification of products
To learn how to complete the customs documents
To know how to identify the non-tariff measures (technical and non-technical)
To understand the role of the WCO and the WTO
The various methods of payment used in International Trade and outlining their differences, advantages, and disadvantages both for the importer and the exporter.
What the Documentary collections are and how they work
Export and import collections will be analyzed
Importance of the Documentary Credits (letters of credit) in International Trade
How the Documentary Credit works and the obligations of the involved parties
The various methods of finance both for exports and imports.
Fundamentals of the Foreign Exchange Market
The different types of bonds and guarantees and how they operate
The various methods of managing the foreign exchange and the country risk
The forward exchange contracts and the currency options will be examined in greater detail
Forfeiting, Factoring, and Invoice Discounting will be analyzed
The different types of international bonds and guarantees and how they operate
The pillars of the international contracts as they are used in International Trade transactions
The key concepts related to the trade in services:
modes of supply, most-favoured-nation, liberalization, market access...
How to identify and distinguish the non-tariff measures (technical and non-technical) in Foreign Trade
The key concepts of the Trade Facilitation Programs