Let’s say you have a great idea for starting a new business in Africa, but you’re not sure which country offers the best opportunity. You want an easy way to compare different countries in terms of the costs and ease of doing business. You want information about
U.S. companies doing business overseas are subject to the Foreign Corrupt Practices Act (FCPA), a U.S. law that prohibits bribes to foreign government officials as a way to obtain or retain business. Taking the following steps before starting a business venture will minimize a company’s corruption risks
International trade can be immensely profitable, but it carries many risks. One of those risks is the potential for loss or damage to your cargo.
Free-trade agreements are back on the nation’s front burner. That’s good news for businesses and workers because FTAs help to open markets for exporters by slashing tariffs and tearing down other trade barriers.
China’s decision to end its currency’s two-year-old peg to the U.S. dollar is raising expectation of a gradual appreciation in the yuan’s value — an increase that could bring relief to U.S. and other non-Chinese manufacturers struggling to compete with cheap Chinese products.
One aspect of U.S. trade that gets little attention is Foreign-Trade Zones (FTZs), areas in which businesses and manufacturers enjoy reduced tariffs (import duties), tax breaks and a host of other advantages. Licensed by the U.S. Commerce Department’s Foreign-Trade Zones Board and supervised by U.S. Customs and Border Protection, FTZs are restricted-access sites in or near ports of entry.
U.S. companies looking to access medium to long-term reconstruction opportunities in Haiti must register with the United Nations Global Marketplace (www.ungm.org), the Inter-American Development Bank (www.iadb.org) and the World Bank (www.worldbank.org).
Tom Rush is one of many African-Americans who have made South Africa their home. Like others, he sees abundant opportunities for U.S. companies, as well as some serious challenges.