Foreign Trade is the ideal career for those interested in the global economy and international markets. Here we give you the keys so that you know what it is about.
What does a graduate of Foreign Trade do?
All commercial transactions carried out between countries or between regions enter the universe of foreign trade. It is not only about evaluating the purely economic aspects, but also about building step by step the process by which countries do business and exchange goods and services.
Foreign Trade, Interview with Jose Luis Hernandez Castellanos from Mexico
Foreign trade encompasses the economic, political and logistical aspects of these transactions. It has existed since time immemorial, since historically no country or empire has been self-sufficient. For this reason, the tools offered by foreign trade are always needed, which make exchange between nations possible.
The graduates of the degree from foreign trade can carry out their professional work in various fields, from public sector and also of private. They can work in the customs area, the very epicenter that controls and regulates all international merchandise traffic operations, as a customs broker or agent. You can participate as a manager and planner for the delivery and dispatch of merchandise; compile statistics and take accounts of commercial operations to make them more efficient and productive.
In it private sector, the graduate works within the small foreign trade departments and medium businesses and also multinationals, dedicating themselves to opening new markets and searching for business opportunities. Some technicians or graduates in foreign trade they work as consultants in the financial sector, in banks or in international financial organizations.
What tasks does a Foreign Trade specialist perform in their work?
A specialist in Foreign Trade, can perform various tasks, such as: daily stock control and analyze logistics costs, suppliers and provide monitoring of international logistics of different loads.
- Prepare merchandise order models, perform price control tasks for merchandise entered into a company.
- Perform the data collection of new suppliers to evaluate purchase possibilities and their corresponding tariffs.
- Review the balances of the different providers and prepare payment plans.
- Design the negotiation strategy with suppliers.
The foreign trade professional has in its area of competence everything related to exports and imports and is trained to work throughout the entire process, from logistics, transportation and merchandise classification, to research, the development of statistics and business plans. Their work is of vital importance to modern and future countries and societies.