Concepts
- The definition of SMEs determines the business environment. Understanding crucial elements in the nature of business within the ASEAN community is essential.
- There is documentation commonly used in exporting, but specific requirements vary by destination and product. The documentation can be divided into the following categories: common export documents, transportation documents, export compliance documents, other export-related documents.
- International trade presents a spectrum of risk, causing uncertainty over the timing of payments between the exporter (seller) and the importer (foreign buyer). It is advisable to consider the methods of payment: cash in advance, open account, draft, and commercial letter of credit.
- Every area of work in ASEAN will need personnel with fluent English. Workplace communication depends on the situation, for example corresponding with your colleges, dealing with clients, and using technical terms in business. It is important to master the basics of English for workplace communication.
Objectives
After studying this module, students will be able to
- explain SMEs in the ASEAN community.
- identify methods of payment in international trade.
- classify export documents.
- make obligations to do / not to do something.
- use English dictionaries.
- identify Englishes used in the ASEAN community.
- use useful phrases to explain special features of products.
- use technical export terms.