Selection of Import Transaction Partners in International Trade

Authors

  • Anatoly Sergeevich Ishuk Russian Foreign Trade Academy
  • Galina Aleksandrovna Orlova Russian Foreign Trade Academy
  • Anna Vasilyevna Skurova MGIMO-University

DOI:

https://doi.org/10.24412.2072-8042-2023-5-86-92

Keywords:

new suppliers, import contract prices, borrowing costs, supplier’s ability to train the buyer’s specialists

Abstract

Choosing a contract party for the purchase of required foreign goods is one of the most difficult tasks to be solved by an import company. A set of necessary factors is taken into account, suppliers’ prices are compared with global market prices and the lowest price is identified. In addition, the delivery costs in today’s challenging environment, the quality of post–warranty support, and the supplier’s ability to provide necessary services also play a significant role. Methods, currency and terms of payment are also evaluated, as well as the ability of the seller to provide a trade credit at a reasonable rate of interest

Author Biographies

Anatoly Sergeevich Ishuk, Russian Foreign Trade Academy

Place of work, post: Russian Foreign Trade Academy, Department of World and National Economy,  Postgraduate student

Galina Aleksandrovna Orlova, Russian Foreign Trade Academy

Candidate of Economic Sciences, Associate Professor
Place of work, post: Russian Foreign Trade Academy, Department of World and National Economy, Professor

Anna Vasilyevna Skurova, MGIMO-University

Candidate of Economic Sciences
Place of work, post: MGIMO-University, Senior Lecturer

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Published

2024-01-25

How to Cite

Ishuk, A. S., Orlova, G. A., & Skurova, A. V. (2024). Selection of Import Transaction Partners in International Trade. Russian Foreign Economic Journal, (5), 86–92. https://doi.org/10.24412.2072-8042-2023-5-86-92

Issue

No. 5 (2023)

Section

International trade

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