Foreign Trade in Practice

Teachers

Included in study programs

Teaching results

Students will possess following abilities:
- understanding and transforming the knowledge and context from macro and microeconomic phenomena in the field of international trade acquired so far, financing of foreign trade and international transport into the real conduct of export and import trade operations,
- the specific steps to be taken by the exporter within the preparation phase of both the export and import trade operation, the prevention of risks,
- on the obligations of contractual security for exports and imports under the United Nations Convention on Contracts for the International Sale of Goods,
- on the necessary requirements related to the practical conduct of the export as well as the import trade operation, such as preparation of accompanying documents, securing the international transport of goods, customs clearance of the shipment for export / import, financial security of payment for exported goods, etc.
- on the method of evaluating the export / import trade operation and resolving complaints.
Students will obtain following skills:
- be able to orientate in an extensive legislative database conditioning the successful management of export and import trade operations on a specific market,
- be able to carry out basic target market research, commodity research, price relations, assess appropriate forms of market entry,
- will be able to contract and secure export and import trade operations on their own.
Students will gain following competences:
- be able to take into account the specifics of foreign markets and carry out decision-making processes related to business partner selection, ensuring financial coverage of exports / imports, the form of entry into foreign markets, risk minimization,
- be able to handle challenging tasks in the field of economic practice associated with the conduct of international business and trade and after gaining longer-term experience be proficient specialists ready to handle managerial and management tasks in the field of international trade and international business management in companies operating within an international environment.

Indicative content

Content of international trade agreements under the United Nations Convention on Contracts for the International Sale of Goods. Export trade operation and its phases with application to a specific export trade case (preparation phase, contractual security phase, implementation phase, evaluation). Import trade operation and its phases with an application to a specific import trade case (as well as for export one). Trading within the EU single market. Customs clearance of consignments for import and export. Complaint resolution and elimination of risks in the implementation of import and export trade operations.

Support literature

1. RUŽEKOVÁ, Viera – PAVELKA, Ľuboš. Manuál exportéra: základná príručka obchodovania so zahraničím. Bratislava: Vydavateľstvo EKONÓM, 2023. 121 s. ISBN 978-80-225-5049-9.
2. BADE, Donna. L. Export/Import Procedures and Documentation. Harpercollins Leadership. 2022. 640 s. ISBN 9781400242399.
3. ICC. Incoterms 2020. International Chamber of Commerce. 2019.
4. KAŠŤÁKOVÁ, Elena – RUŽEKOVÁ, Viera. Medzinárodné obchodné operácie. Bratislava: Vydavateľstvo EKONÓM, 2019. 200 s. ISBN 978-80-225-4611-9.

Syllabus

1. Introduction to the issue of foreign trade practice - input information about the subject, recapitulation and harmonization of context from the subject of international business operations, financial operations, international transport and logistics. 2. International trade agreement according to the United Nations Convention on Contracts for the International Sale of Goods, trade policy conditions for trade within the EU. 3. Export trade operation - preparation phase - territorial and commodity analysis of the market, demand, supply, preliminary price calculation, choice of delivery parity and implementation of transport, trade negotiations. 4. Export trade operation - contracting phase with a foreign partner and a domestic producer. 5. Export trade operation - implementation phase, preparation of accompanying documents, provision of limits, transportation of goods, customs clearance for export, financial securing of the case. 6. Export trade operation - evaluation, resolution of possible complaints. 7. Import trade operation - preparatory phase, demand, supply, preliminary price calculation, negotiations with a domestic customer / distributor, contractual provision of imports with a foreign partner and subsequently with a customer on the domestic market, or EU market. 8. Import trade operation - realization of import, preparation of documentation, customs negotiation for import, payment of the customs debt, sale of goods to domestic customer, evaluation of import and resolution of complaints. 9. The most common forms of financing an export and import trade operation, the choice of a suitable payment term, the advantage / disadvantage for the exporter and importer. 10. Customs clearance of consignments for import and export - detailed application of individual regimes to specific business cases in cooperation with the Customs Administration of the Slovak Republic. 11. Principles of trade within the EU single market, application to the implementation of a specific business case when sending goods and receiving goods within the EU. 12. Principles of trade within the EU single market, application to the implementation of a specific business case when sending goods and receiving goods within the EU. 13. Risks of the imports and exports realization, risk prevention, possible solution, elimination.

Requirements to complete the course

20% active participation in seminars
20% semester project and its presentation
60% final exam

Student workload

Total: study load 6 credits x 26 h = 156 hours
Separate study load for individual educational activities:
Attendance at lectures: 26 hours
Attendance at seminars: 26 hours
Preparation for seminars: 13 hours
Preparing of the semester project: 26 hours
Preparation for the seminar written tests: 13 hours
Preparation for the final exam: 52 hours

Language whose command is required to complete the course

Slovak

Date of approval: 09.02.2023

Date of the latest change: 29.02.2024