What Does an International Trade Broker Do?

International trade brokers provide various trade services and easy-to-accept transaction methods for buyers and sellers of international trade based on their solid professional knowledge, well-informed market information, skilled business skills and relatively accurate psychological judgment Commission brokers and service consulting agencies.

International trade broker

International trade brokers are specifically divided into international commodity trade brokers, international intangible trade brokers, international transportation brokers, international insurance brokers, customs brokers and so on. ^[1]

1. Political knowledge of current affairs at home and abroad. ^[2]

Political and social stability is a prerequisite for economic development. Whether a country's society is stable is closely related to the country's political and economic situation. If a country has more than one civil strife, it cannot conduct normal trade with it, otherwise it will have to bear huge risks. Another example is the local war in the world, which may create opportunities for trade in strategic materials such as arms, rubber, and petroleum, but it will never bring strong demand for home appliances and daily necessities. Therefore, understanding and mastering current political knowledge or the international political and economic situation is very important for international trade brokers.

2. Have good foreign language knowledge.

International trade brokers are engaged in international trade business. It is inevitable to deal with foreign business in business transactions, so it is necessary to master a foreign language. At present, English is still used as a universal language. Being able to master an additional foreign language on the basis of being proficient in English will undoubtedly add a powerful tool to itself, which will not only increase new trading business opportunities, but also improve Language communication to solve difficult problems in business negotiations.

3 Relevant legal knowledge.

International trade itself is a legal act. Except for the parties' intentions, they must act in accordance with relevant laws, regulations, or international practices. Therefore, familiarity with relevant international trade laws and regulations is a required course for international trade brokers.

4 Expertise in international trade.

International trade brokers should have a good understanding of the import and export trade regulations, customs declaration, commodity inspection and other procedures, as well as foreign exchange, international investment, international transportation, insurance and other business knowledge and operating procedures. Only when conducting brokerage business can they be handy and promote The success of the transaction.

5. Have relevant business management knowledge and capabilities.

International trade brokers must be based on the scientific management of international business and strengthen their modern management capabilities in order to improve their competitive strength and be invincible in the international trade arena.