FedEx offers trade tips for SMEs

As 2014 commences, the drive for global business expansion continues, according to FedEx which noted that in Asia Pacific, just 12 per cent of SMEs are generating their revenue exclusively in their home cities.


FedEx offers trade tips for SMEs


As 2014 commences, the drive for global business expansion continues, according to FedEx which noted that in Asia Pacific, just 12 per cent of SMEs are generating their revenue exclusively in their home cities. This is expected to drop to just four per cent by 2017. But the express giant notes that often, SMEs find the complex customs regulations and formalities daunting to navigate and this can become an impediment to new market growth. Committed to assisting businesses to maximise opportunities in international trade, FedEx has five ‘tips’ to help SMEs smoothly navigate customs around the world as they strive for global expansion:

• Tip 1: Do your research by being clear about the details and differences in Customs between countries.

• Tip 2: Use the correct commercial language when filling in paperwork.

• Tip 3: Think like a local and get to know the local environment well.

• Tip 4: Take your time to get things right and expand your business at a pace that you are comfortable with.

• Tip 5: Find a trusted global express transportation provider.