Foreign trade as a career option

Foreign trade as a sound career option
talks about the job scenario in foreign trade, how interested students can enter this profession, and what are the challenges they might be faced with.

What does the job of a foreign trade expert entail?

The job responsibility of a foreign trade expert involves providing guidance and assistance to businesses involved in export and import of goods and services. They are typically involved in development and analysis of international trade issues and policies, which help firms engage in international marketing or perform international market research leading to identification of opportunities in foreign markets and designing strategies to enter different markets.

How has the job scenario changed in India for foreign trade experts?

The Employment Outlook Survey for the third quarter of 2010 conducted by Manpower India says that hiring activities in India are expected to reach the prerecession levels in the coming months. The same can be said for this field. With the world becoming a global marketplace, and all types of businesses seeking to expand their operations across national borders and into the world, the demand for foreign trade experts has increased. Accordingly, the country is witnessing an increase in the number of students opting for international trade courses being offered by various universities and management institutes.

What challenges do foreign trade professionals face today?

The global market is extremely dynamic in nature and hence a foreign trade expert must always possess the latest information concerning foreign market trends since clients and businesses depend on this knowledge when making decisions concerning business opportunities or investments in another country. Experts must always be familiar and updated with the trade laws of the countries they are planning to explore.

Can one get a job abroad?

Yes, individuals specialising in international trade can get a job abroad in the capacity of an expert on WTO issues, trade policy specialist, marketing communication specialist, commodities operations analyst, market data specialist and product application specialist.

What kind of work experience or certification helps one land a good job?

International trade programmes are of both graduate and postgraduate level and are offered by institutes across India. They groom candidates for careers in international trade. To gain expertise in this field one should have demonstrated the application of knowledge of international economic and political factors influencing the flow of goods and services between countries; the impact of government policies and regulations, business conditions, and market structures on international competitiveness; or of problems and techniques relating to the sales and marketing of goods and services in world markets.

Which industries require foreign trade experts?

The requirement for foreign trade experts exists at the advisory levels in public sector undertakings with foreign trade operations, export promotion councils, international departments of multinational companies, and international trade regulatory bodies.

Source:
www.hindustantimes.com
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