Module 13: Small and Medium Enterprises in ASEAN
This module examines the nature of small and medium-sized enterprises (SMEs) in the ASEAN community. It focuses on export documents and methods of payment in international trade procedures.

 

13.1 Small and medium enterprises (SMEs)
The growing trend of economic cooperation results in competition across all regions. New areas of integration enhance free and liberated trade. As countries have become interdependent, the opportunities for international trade increase and changes effect doing business in the ASEAN community.

 

13.2 Export documentation

There are many organizations involved in export transactions. The services carried out are represented by a contact and shown by documents. The documents have some specific requirements varying by destination and product. Therefore, certain documents must be prepared in exporting procedures.

 

13.3 Methods of payment
It is important for all companies engaging in international trade to fully understand the standard methods of collecting money from foreign importers and distributors. Each payment method carries certain risks and costs, which often are the responsibility of the exporter. Initially, cash in advance or letters of credit are used and then moved to more flexible forms of payment, for example the use of an open account.

 

13.4 Special features of products
Read the advertisement for an international show and then listen to the dialog.