This strain is forcing high energy costs on European companies which in turn will inevitably affect imports from Europe and the companies buying them as prices soar to accommodate energy costs. What could this mean for business owners enmeshed in globalization? Well, if you’re importing from Europe or doing business with anyone in the EU, expect higher trade prices as European companies are attempting to offset the cost of rising energy, especially if Russia puts embargos on their oil.
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Expanding into new territory is an exciting venture, but not without its risks. Before consideration of globalization, you should have a trustworthy International Attorney on retainer to ensure smooth transition. In partnership with your attorney, there are three critical points of action that will help you to avoid any catastrophes in the process…
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Single-occupancy restrooms are now required to be marked as all gender and designated for single-use occupancy, family use, or assisted use. No gendered signs can be posted for these facilities. (Patch.com). We recommend designating at least one restroom in your facility as a gender-neutral restroom for the purpose of inclusivity. B: Non-Binary Gender. New laws allow those in the Queer community to designate their gender identity as "female", "male", or "non-binary" on their official identification. As an employer, it's important to recognize that non-binary people do exist, and do work. Consider introducing a training on gender and orientation sensitivity and review pronouns and procedures that may currently be gendered.
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In your application, you are able to directly designate the countries in which you'd like your Trademark to be protected. You can designate any number of countries as long as they're a member of the Madrid System. The registration for international Trademarks will last for 10 years and all associated fees are paid to the WIPO.
Like any nearly "perfect" system - the System has its flaws - namely that all nations globally are not a member of the Madrid Agreement. The benefits far outweigh the disadvantages by far. Even in the event you wish to register in a country singularly that is not included- you're able to file one application for many other countries in bulk.
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The U.S. Ambassador to India - Harsh Shringla - released just yesterday (January 8, 2020) that the United States and India are in talks about an exclusive trade agreement. The agreement would grant business owners of both nations preferential market access. Shringla, the now-former ambassador is set to take on his role as India's next foreign secretary later on this month.
His comments state that there has been success in bridging the gap during the latest trade talks for new trade packages. The current conversations are setting a stage for a much bigger bilateral trade agreement.
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Since the outbreak of the Coronavirus, the world has stayed attached to their mobile devices and computers, waiting for updates in real-time on the growing epidemic that many fear could become a global pandemic that makes the SARS outbreak of 2003 appear tame. The world was frankly - not prepared for a global pandemic, and speculation is flying on what it could mean…
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What the AfCFTA has the ability to do is putting systems in place to reduce the trade issues in intra-African trade. These larger integrated markets could make outside investment more prevalent and it could lead to new tech and new learning.
As with all international trade - tariffs play a large role, and though trade within African borders is low, revenue from tariff collection is essential to governments, and to protect domestic industry through limitation of import competition…
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We have discussed the social and cultural Factors before, but make sure you know what the literacy rate is and the average educational level in the country? If you are selling to or your product is designed for the middle class, make sure there actually is a middle class that would support your product?
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Could there be disputes? Absolutely. There often are between buyers and sellers, which is why it's important you have a lawyer ready for litigation even after the ink has dried. Working capital is the biggest issue of dispute, with some cases going to trial and lasting for years with discrepancies in the millions and billions. Working capital is the biggest cause for dispute, but litigation post-sale can happen for any number of reasons including warranties & purchase price payments.
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Culture is very important in business and has an impact on the strategic direction of business. Culture influences management, decisions and all business functions from accounting to production. Don’t just think in terms of the national culture but also in business think of meetings, negotiation, formalities, social media use, internships and work placements hierarchy.
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So outsourcing is not just international, not just for the largest corporations and not just for saving money why then do some companies skip outsourcing?
A lot of companies don't outsource simply because they don't even realize the option is there. Without a creative mind on your team - it can sometimes be difficult to discover any way that outsourcing could be helpful. Ever heard of Influencer Marketing?
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