Presenting 12 Business Insights along with the Visual Magazine of January 10th to you, esteemed entrepreneurs and Arad employees.
Business Insights
π When announcing the price to an export customer, the transportation costs of the goods to the country's port, along with customs and other expenses until the cargo reaches the ship's deck, referred to as the FOB price, should be calculated.
β However, in sanction conditions, due to the increased transportation costs from our country to other countries, it is advisable to calculate the transportation costs to the customer's destination port and add it to the product price, known as the CFR price.
π Iran shares land and sea borders with 16 countries, creating a market of nearly 400 million people.
Exporting Iranian products to these countries positively impacts the country's industry and trade sector.
βοΈ Countries like Iraq and Afghanistan, with a significant population of their nationals in Iran and easier access for their traders to producers and wholesalers, are considered part of Iran's economy.
βοΈ In 2023, the global market for canned food was estimated at $85.56 billion.
π Given that Iran is one of the largest producers of canned food in the Middle East, it has the potential to have a substantial and growing share in this market.
π« Dangerous Goods (DG) are products categorized as hazardous, assigned a four-digit UN code by the United Nations Dangerous Goods (UNDG).
π Packaging, labeling, and documentation for DG products differ significantly from ordinary and non-hazardous goods.
π» Ammonium nitrate fertilizers, classified as oxidizing substances and organic peroxides, fall under the DG category.
π Exporting fertilizers to Brazil requires compliance with the regulations of the Ministry of Agriculture, Livestock, and Food Supply (MAPA). These regulations include:
1) Registering all imported fertilizers with MAPA
2) Packaging fertilizers in accordance with labeling regulations, which should include the product's name, manufacturer's name and address, guaranteed analysis, and other relevant information.
3) Ensuring the product's quality aligns with specified technical regulations.
4) Adhering to plant health requirements according to standards
β¨οΈ Iran serves as the destination for 41 countries, such as Ethiopia, South Africa, the Bahamas, Burkina Faso, etc., where your customers can obtain online visas without the need for physical presence at consulates or embassies.
π The European Union has also approved two platforms since November 2023 to facilitate the digitalization of Schengen visas.
β οΈ Due to New Year holidays and, of course, insecurity and conflicts in the Gulf of Aden, shipping costs to Africa, the Mediterranean Sea, and Europe have significantly increased.
π This price surge has impacted the shipping costs to the Mersin port, but it remains cost-effective.
β° For sending goods to Africa from Turkey, the costs of land transportation from Iran to Mersin should also be taken into account.
π In Kenya, for the import of all goods intended for human consumption, a health certificate is mandatory.
Importers are also required to register with the Kenya Bureau of Standards (KEBS) for importing and selling second-hand clothes.
β‘ KEBS issues a Certificate of Conformity (COC) and Import Declaration Form (IDF) after inspecting each shipment, serving as necessary permits for importing goods compliant with specific standards.β
π³πͺ Niger, located in the southwestern part of the African continent, boasts a population of 24 million.
Its neighbors include Algeria, Benin, Burkina Faso, Chad, Libya, Mali, and Nigeria.
π’ The country's economy relies on a robust combination of agricultural, mining, and industrial products.
π Iran exports petrochemical products, handicrafts, medical equipment, household goods, automotive parts, and tobacco to Niger.
π₯ As one of the largest producers of charcoal, firewood, and compressed charcoal briquettes, Iran's export of these products could be a lucrative trade opportunity, especially considering the demand from neighboring countries like Azerbaijan.
π― With ongoing economic initiatives in Cyprus, the country is set to become a bridge between the Middle East and Europe.
π§ These plans focus on transforming Cyprus's economy through circular economic advancements and upgrading the energy system of major companies, aiming to enhance competitiveness in Cyprus's economy.
π When engaging in financial transactions with certain countries, it might be necessary to scrutinize accounts or select a reputable bank.
π° To minimize the risk of financial transfers, Coface, as a credit insurer and facilitator of global trade, can assist you in managing financial movements.
π€ An effective method when dealing with countries unable to provide us with a bank guarantee is to secure the company's creditworthiness through a joint chamber of commerce between Iran and that country.
π« In this way, the joint chamber evaluates the counterparty, allowing you to work with the credit provided by this chamber for that specific company.
Visual Magazine
This week, Arad Branding witnessed various meetings, lets watch them together.
Mr. Shabani's meeting with the Business Support team
Mr. Ghorbani's meeting with the International Negotiation team
Mr. Ghorbani's meeting with the Agency Managers team
Mr. Talia's meeting with the Business Consultants
Mohsen Esmaili's meeting with Ali Mohammad Alikhani, Milk Product
Mohammad Entezam's meeting with Mojtaba Barati, an Arad merchant
Arad Branding November conference with the presence of foreign representatives
Guinea representatives' visit to the Slipper Factory
Guinea representatives' visit to the Wire and Cable Factory
0
0