00:01
Select a company with an international presence that you are familiar with.
00:06
Identify the laws, treaties, acts, and governing bodies that impact the business.
00:12
And what effect do these have on the business? differentiate it with their business in the united states.
00:19
I decided to choose the company alibaba, which is a chinese company that sells goods at wholesale prices.
00:42
We need to consider import laws.
00:51
We know the goods need to meet the health code, so we cannot import anything that would be unsafe.
01:00
We cannot violate any quotas, so we can only import a certain amount from china.
01:17
Otherwise, this will lead to fines and penalties, so there's a limit to how much china can actually export to us in the united states.
01:34
Special forms may be required for some items.
01:45
We also need to fill out the custom section of any shipping documents for the goods that are purchased from alibaba, and that would be the responsibility of the seller.
02:03
So quotas would apply to any country.
02:13
Going along with quotas, we may also have tariffs, which is essentially a tax on imported goods.
02:20
So this would vary based off of what country we're looking at specifically.
02:35
Health code standards would be different depending on the country that we are looking at.
02:52
So for example, developed countries may have stricter or more strict health codes...