Exports service

Export Service

Exports are the goods and services produced in one country and purchased by residents of another country. It does not matter what the good or service is or how it is sent. The exports can be shipped, sent by trucks or flight or they could be carried in personal luggage on a plane. If it is produced domestically and sold to someone in a foreign country, it is an export. Geo commerce has a professional team to do it for you from A-Z.

Exports are one component of international trade and imports are the other component of it. They are the goods and services bought by a country’s residents; the goods and services that are produced in a foreign country. Combined, they make up a country’s trade balance. When a country exports more goods and services than it imports, it has a trade surplus and when it imports more goods and services than it exports, it has a trade deficit. Geo commerce will do the imports for you in any part of the world through its transportation company partners.

Companies export products and services for a variety of reasons. Exporting can increase sales and profits if they reach new markets, and they may even present an opportunity to capture significant global market share. Companies that export, spread business risk by diversifying into multiple markets. Exporting into foreign markets can often reduce per-unit costs by expanding operations to meet increased demand. Finally, companies that export into foreign markets gain new knowledge and experience that may allow the discovery of new technologies, marketing practices, and insights into foreign competitors.

Today, it is easier than ever for a company like yours, regardless of size, to sell goods and services across the globe.

With the volume of trade growing exponentially and barriers to trade falling, competition in a company’s domestic market is intensifying, particularly from foreign competitors. Geo commerce competes in its own backyard while it simultaneously opens markets for its products and services in other markets:

• Ninety-five percent of the world’s consumers live outside of your country. That’s a lot of potential customers to ignore.
• Foreign competition is increasing domestically. To be truly competitive, companies must consider opening markets abroad.
• Exporting is profitable.
• Exporting helps businesses learn how to compete more successfully.

With this significant projected growth in global trade fueled in large part by newly affluent consumers in China, India, and other developing economies, the challenge is for businesses of all sizes.

Export your products with Geo Commerce and grow your business:

• Grow your bottom line (companies that export are 17 percent more profitable than those that do not).
• Smooth your business cycles, including seasonal differences.
• Add management and intercultural expertise.
• Use production capabilities fully.
• Defend your domestic market.
• Increase your competitiveness in all markets.
• Increase the value of your intellectual property should you choose to license it.
• Increase the value of your business should you choose to sell it(and start another).

Companies that export are presented with a unique set of challenges. Extra costs are likely to be realized because companies must allocate considerable resources to researching foreign markets and modifying products to meet local demands and regulations. Companies that export are typically exposed to a higher degree of financial risk. Payment collection methods, such as an open account transaction, letter of credit, prepayment and consignment, are inherently more complex and take longer to process than payments from domestic customers.

Georgian draft agreement is based on the 2008 OECD Model Tax Convention on Income and Capital, according to which taxing rights are distributed between treaty partners. Particularly, resident of one Contracting State deriving income from the other Contracting State may be taxed whether in the source state of income or in the country of residence. For the avoidance of double taxation, the resident of one Contracting State deriving income from the other Contracting State will be credited against tax in the source state. DTA agreement also regulates issues regarding the prevention of fiscal evasion by means of implementing internationally recognized standards of exchange of information for tax purposes. Currently Georgia 55 active agreements https://www.mof.ge/en/4681

Exports are one of the oldest forms of economic transfer ;exporting occurs on a large scale between nations. Exporting can increase sales and profits if they reach new markets, and they may even present an opportunity to capture significant global market share.

Companies that export are typically exposed to a higher degree of financial risk.

International trade is one of the hot industries of the new millennium, but it is not new. Think Marco Polo. Think the great caravans of the biblical age with their cargoes of silks and spices. Think even further back to prehistoric man trading shells and salt with distant tribes. Trade exists because one group or country has a supply of some commodity or merchandise that is in demand by another. Moreover, as the world becomes more and more technologically advanced and as we shift in subtle and not so subtle ways toward one-world modes of thought, international trade becomes more and more rewarding, both in terms of profit and personal satisfaction.