International Trade Quotes

“In international commerce, India is an ancient country-(19th October, 1899)”
― Virchand Raghavji Gandhi

“So much barbarism, however, still remains in the transactions of most civilized nations, that almost all independent countries choose to assert their nationality by having, to their inconvenience and that of their neighbors, a peculiar currency of their own.”
― John Stuart Mill

“When the clowns of British politics - arch-Brexiteer cartoon characters 'Boorish Johnson' and 'JackOff Grease-Smug' advocate ad infinitum that Britain should leave the EU in order to be free to sign her own trade deals; they seem to have overlooked the towering elephant in the room, namely the current occupant of the White House (another clown) - who appears hell-bent on destabilising world trade via crude protectionist policies. Both Tories, despite receiving the best British education money can buy, would do well to revisit their post war history books and be reminded of one of the key objectives of the European Project and in due course the European Union - specifically to promote peace and prosperity amongst previously warring neighbours by forming a unified trading bloc which in time, due to its effective size, also acted as a useful counterweight to US hegemony. Go find another circus for your buffoonery and leave the deadly serious business of politics to principled individuals with the true national interest at heart !”
― Alex Morritt, Lines & Lenses

“For freedom would not be easy. It never is. It would be more difficult for the Philippines than for many countries, because we had to face the fact that the islands, although potentially rich, had not tapped their resources. We were a poor country and a small one, and we could not afford to be hurled unprepared into competition with countries larger and richer and more powerful and far better trained. The Tydings-McDuffie Act means we could prepare.”
― Carlos P. Romulo, I Walked With Heroes

“The UK needs a post Brexit US trade deal like a hole in the head. Given America's out-of-control opioid crisis, fuelled by prescription drug addiction, along with an obesity epidemic like the world has never seen, why on earth would the UK want to open its doors to US healthcare companies ? So that they can wreak untold havoc and destroy our National Health Service ? No thanks !”
― Alex Morritt, Lines & Lenses

“As you move along the spectrum, the market-entry vehicles become more expensive, riskier, and require a greater time commitment”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“Everyone gets excited about making sales in a new market and loses sight of the real goal, which is to earn an acceptable return on the company’s investment.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“The key to making money in this context, then, is understanding the financial structure of your business.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“Measure twice, cut once applies as much to international strategy as it does to carpentry.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“In international business, the local dimension is not just another variable but the lens through which the whole venture must be viewed.”
― Craig Maginness

“What really counts in a new market is not your past successes but your adaptability and learning capacity.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“Joint ventures thrive not just on paper agreements but on shared visions and complementary strengths.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“The spectrum of market-entry vehicles is vast, from short-term plays using domestic distributors to sell internationally, to long-term strategies like setting up foreign operations. Understanding the cost, risk, and time commitment involved as you move along this spectrum is crucial, as it determines not only the potential return on your investment but also the complexity of disengagement should you choose to exit the market.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“I've learned about this need for communication and connection with different departments from personal experience; in fact, this is one of the areas in this book where my knowledge comes not from my success, but from my failure. Fairly early in my career, I had the credit manager of our company come into my office with his hair on fire, wanting to know why I had just agreed to a distribution deal that had 120-day terms. If I'd been thinking further ahead and discussed it with him beforehand, this wouldn’t have been an issue. Fortunately, we talked it through and made it work, but it took some begging, genuine understanding, and empathy to make sure I could repair that relationship.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“The last great hope of humankind, I believe, lies not in governmental interventions or global treaties but in international business. It is here, in the web of personal and corporate relationships that crisscross borders and time zones, that we find our best chance for a peaceful and prosperous world. Every hand we shake, every deal we close, every bridge we build between cultures and economies holds more promise than a hundred resolutions passed in the halls of the United Nations.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“The complexity of managing an international business can be likened to playing a game of chess on several boards at once. Each country represents a different game board, and each move you make has consequences not just on that board but potentially affects the others. The successful international manager must therefore be a master of strategy and an excellent multitasker, constantly aware of changes on multiple fronts.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“As we explore the strategies for entering foreign markets, it becomes apparent that the differences in legal environments, cultural norms, and business practices require a high level of adaptability and foresight. For instance, what works in one country might be completely ineffective or even illegal in another, making the need for localized knowledge and expertise paramount.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“Building relationships across cultures is much more than just a business necessity; it is an art form that demands sensitivity, patience, and an open mind. A true global leader sees beyond mere transactions to the building of long-term partnerships that respect and honor the diversity of practices and values.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“Economic theories teach us about the efficiency of markets, but when it comes to international business, it's the inefficiencies that often create the greatest opportunities. Spotting these inefficiencies requires a keen eye for detail and an understanding of local consumer behaviors that only comes with experience.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“There is also a risk in some markets of a significant devaluation of the local currency. For example, if the country experiences a financial crisis and devalues its currency to the point that your goods are no longer competitively priced, you can lose your market position overnight. There are no easy answers when it comes to getting paid for international sales but planning in advance beats learning hard lessons after the fact. Choose the solutions that work best for your company and prepare for the implications of those choices. The best strategy is to do the due diligence on your new customers.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“Marketing in a new language presents another set of challenges when doing business abroad. Not only will marketing staff need to translate the company’s literature—brochures, manuals, and more—into the local language, they’ll also need to translate parts of your website or set up a new website entirely. When considering what to translate, keep in mind that a new set of customers may have different preferences for how they receive information.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“If your business success depends in some way on patents or trademarks you hold, you’ll want to research intellectual property law in the market you’re considering. You’ll need to refile those trademarks and patents, but in some countries, being able to set up and protect your intellectual property can be maddeningly difficult. Even if you’re able to file the paperwork, the practical protection of your property is another matter.”
― Craig Maginness, Go Glocal: The Definitive Guide to Success in Entering International Markets

“Vandana Shiva: We know what free trade means. The first free trade agreement written was by the East India Company. It means asymmetric trade. It means extraction. It means transfer of wealth.
[As quoted by DW Gibson.]”
― DW Gibson, One Week to Change the World: An Oral History of the 1999 WTO Protests

“Kevin Danaher: Our principle of unity was that we were going to nonviolently try to shut them [i.e. the World Trade Organization (WTO)] down. It wasn't asking for reform, it was abolition. We abolished slavery. We abolished prohibition on women voting. We abolished certain civil rights abuses. These institutions need to be abolished. They are bad institutions. But the protesting conduct has to be nonviolent.
[As quoted by DW Gibson.]”
― DW Gibson, One Week to Change the World: An Oral History of the 1999 WTO Protests

“The great advance in mathematics and the natural sciences which mark the seventeenth and eighteenth centuries was the result of an international traffic which conquered more and more the whole earth.”
― Franz Mehring, Die Lessing-Legende

“International trade today is : A is buying B's gas from C and selling it to D at higher prices and call it ‘energy independence’!”
― Dipti Dhakul, Quote: +/-