Trade Finance Forum › Forums › Market Regulations › Risk Analysis › How can risk be reduced when participating in global trade? › Reply To: How can risk be reduced when participating in global trade?
May 18, 2022 at 3:23 pm
#1053
Aadhira ACC
Participant
In my opinion, you can take the below-mentioned five steps to lower your international business risk.
1. Spend time learning about the other party.
2. Begin with small exchanges to determine whether everything goes well and the other party is trustworthy.
3. Go to the company and perform all the necessary tests to make sure that your customer or partner is trustable.
4. Make use of stable payment options.
5. Form a proper relationship.
- This reply was modified 2 years, 1 month ago by Carin G Hansen.
- This reply was modified 1 year, 10 months ago by Carin G Hansen.
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