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International Trade Issues To Consider

If you plan on doing international trade, there are few things you need to take into consideration. For example, child labor, the global market and sweatshop.

Many international supply chain contracts have a force majeure clause that excuses or extends performance upon the occurrence of certain unforeseen contingencies. Typical contingencies include acts of God, natural disasters, governmental orders, fire or floods. Some clauses include labor shortages or energy crises.

Child labor is a international trade issue because it has its roots in poverty and the lack of educational facilities for children of the poor. Around the world, but particularly in the South, these circumstances force children into the work force-pushing children into the streets to beg, into the fields to labor as farm hands, and into factories.

Before going global, you need to consider five key questions as part of a comprehensive self-assessment. Key considerations include your level of commitment, your product's potential, an understanding of where to start, a sales and marketing strategy and a plan for measuring results.

Conditions in Sweatshops. Sweatshops violate women's human rights throughout the world. Common abuses include low wages that fail to meet basic costs of living, substandard and unsafe working and living conditions, long hours of overtime for which employees are not compensated, and sexual harassment.