Conducting business in foreign markets can be challenging at the best of times. Risks such as payment delays, buyer bankruptcy, refusal to accept goods, financing difficulties, contract cancellation, natural disasters, political violence, expropriation, shortage of convertible currency, currency devaluation and commercial disputes are but a few challenges experienced by even the most savvy exporter. Not to mention concerns of corruption, fraud and intellectual property infringements.
Earlier this month, Export Development Canada’s (EDC) Marti Falcone, Regional Manager for Asia, and Joy Rankothge, Country Risk Analyst, participated in a panel discussion on: The Emerging Markets of ASEAN: A Guide to Managing Your Risk. The webinar, sponsored by HSBC was part of the Canadian Manufacturers & Exporters (CME) Export IQ series of presentations. EDC provided an outlook on the ASEAN markets (particularly Indonesia, Philippines, Thailand and Vietnam) as well as strategies for Canadian exporters to insulate themselves from risks in these markets. Click here to view the webinar.
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No matter what countries you are selling to, EDC can help your company navigate the challenges and expand your export footprint. Contact us for guidance, tips and information of our financial services products to help reduce risks and access working capital.