Doing Business Overseas

Doing Overseas furrowNameUniversityInstructorMay 7 , 20071 - Decision ScenarioCommercial director of Tartan Oiltools bound is to make various suggestions and decisions to protect its company from any production line or financial danger in an external feat . Scenario is defined below Tartan Oiltools Limited ground in Aberdeen is purchase heavy duty oilfield equipment from another company based in capital of capital of capital of capital of Kuwait . The agreed price of the goods is ?8m . The seller is in liquidation and the goods ar contained in a warehouse uprise the seller s premises within a secure compound . Commercial director of Oiltools needs to instruct lawyers to draft a contract with following considerationsDefine Terms and conditions of contract by securing purchasing company s interestThe seller is not willing to accept garner of credit so consider alternative , safe ship canal of paymentExplain the thinking behind suggestion (Source MaterialResolution of Problem- Kuwait , Some Business FactsEconomically Kuwait is a strong country having some special(prenominal) style of business as stated by US Commercial Service Department The Kuwait economy is comparatively small with 2004 GDP being approximately USD 53 cardinal . Kuwait s primary export is oil , however it imports some all capital equipment , agricultural commodities processed foods , manufacturing equipment and consumer goods . Kuwait bipartizan trade is not very diversified with Kuwait exports to the get together States , Japan and Korea chronicleing for over 40 of all Kuwait export earnings . Likewise , the United States , Ger galore(postnominal) and Japan account for approximately 35 percent of all foreign imports to Kuwait . The United States continues to remain a leading trading match with the State of Kuwait in Business challenges in Kuwait are also of some different nature , we moldiness have an idea of these unique challenges faced by international business people there . Some of the key challenges are stated blew The State of Kuwait is a complex and challenge market requiring adaptability and persistence . Many U .S .

exporters and investors face many of the same challenges that exist in other disconnection Cooperation Council countries , such as inconsistent , sometimes contradictory policies , lack of transparency in decision-making , and an inconsistent judiciary Careful planning and persistence are the keys to success in Kuwait Keeping in mind that Kuwait is strategically located at the Federal end of the Arabian Gulf , and given the ambitious study civil and infrastructure construction work being proposed over the next decade U .S . companies should also plan to in conclusion use Kuwait to expand business opportunities to Iraq and the other Gulf Cooperation Council member statesOngoing matters of concern for U .S . business include Kuwait tax regulations , less than coherent regulations pertaining to industrial standards , highly bureaucratic application procedures , intellectual property rights protection , and less than transparent public contracting and procurement procedures . As noted in a higher place , these market challenges are not unique to Kuwait or the Gulf Cooperation Council member states however for an improved business and enthronisation climate , expeditious resolution of these ongoing trade irritants would turn up Kuwait s commitment to developing into a more dissonant business center (US Commercial Service...If you want to get a full essay, order it on our website: Orderessay

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