Tapping into New and International Markets

Tapping into New and
International Markets

Table of Contents
INTRODUCTION...........................................................................................................................1
PART 1............................................................................................................................................3
Introduction to chosen country and global environment.............................................................3
Analysis of global business environment and influence of key global drivers on UK...............7
Rationale for SMEs to expand their business internationally.....................................................9
How SMEs take advantage of international opportunities and overcome barriers for global
growth.......................................................................................................................................13
Trading blocs and agreements and advantages.........................................................................14
Various tariff and non-tariff barriers that exist in international trading environment..............16
How international trading blocs and agreements stimulate and generate global growth for
SMEs.........................................................................................................................................19
PART 2..........................................................................................................................................21
Advantages and disadvantages of different exporting processes..............................................21
Differences between merchandise and service imports and exports.........................................23
Documentation required while tapping into new markets........................................................23
Ways by which SMEs can tap into international markets, assessing their pros and cons........25
CONCLUSION..............................................................................................................................28
REFERENCES..............................................................................................................................29

INTRODUCTION
In the globalised era, companies are continually looking forward to new ways of
expanding at international scale. Gaining access into new and international markets is important
for organisations to facilitate expansion (Chen, Tsai and Liu, 2019). It results into increment in
scale of operations. This enables a firm to attain growth and development in due course of time.
There are various types of methods which are taken into use for the purpose of facilitating
expansion into emerging markets. This provides assistance to companies operating across the
globe to gain the attention of large number of customers. This leads to increment in revenues as
well as profits for corporation.
The main aim of this report is to create a webpage for Barclays PLC which is
acknowledged to be a leading multinational investment bank which deals in provision of
financial services also. This report gains an insight into global business environment along with
influence of key global drivers. Further, it consists of opportunities and threats associated with
global business environment. Apart from this, the assignment throws light upon advantages of
international trading blocs and agreements along with tariff and non-tariff barriers existent in
international trading environment. Lastly, the project constitutes advantages and disadvantages
of importing & exporting, differences between merchandise and service imports & exports and
the methods by which SMEs can tap entry into international markets.
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These two partners are experienced as well as entrepreneurial engineers who want to start their
own business.
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PART 1
Introduction to chosen country and global environment
United Kingdom has been chosen as the country as there are a large number of SMEs that
are operating within the confines of this nation. UK pertains to Europe which is acknowledged to
be a lucrative continent for commercial purposes. It is recognized as the 6th biggest economy of
the world which promotes the growth and development of small and medium enterprises. This
facilitates people to build high standard of living (Lobo and et. al., 2019). The local authorities in
this location render subsidy to small and medium sized business conducting operations hereby.
This provides assistance in inflating the development of economy by providing significant
contribution in enhancing the existing rate of GDP. Further, the political conditions of United
Kingdom are quite stable which provide aid to the corporations in gaining support and
facilitation from government. The laws and legislation of this nation remain consistent from year
to year, encouraging small firms to take advantage of this aspect. It has contributed 80% in terms
of GDP. Whereby any adversity takes place within the confines of the selected region, it is seen
that small and medium businesses serve as the route map for dealing with it as they participate in
the flow of money and cater to the needs of people by providing them with a number of
alternatives (Kaleka and Morgan, 2019). Taking the example of BREXIT, it can be determined
that UK attained huge support on the part of SMEs opposed to that from large companies. Small
and medium sized business enterprises provided assistance to the nation in combating the
political unrest. This illustrates the prevalence of small and entrepreneurial businesses within the
peripheral boundaries of UK's national economy. Such entities indulge a number of individuals
by providing them with employment opportunities.
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 But this country have well hidden corruption which which impact negatively on
respective company operations.
 This will be opportunities for Airdri to operate their business at respective country. On
the other hand sometime economy of UK get fluctuate which impact on the operations
respective company.
 But they have high dependency ratio as well as their cost of leaving is also increasing
which impact on the sales of respective company.
 On the other hand respective company is SME so adopting new technology will impact
on their budget and expenses.
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 But conducting work accordingly will increase budget of respective company.
 But there are numbers of rules and regulation which is not possible to follow by SME at
one time.
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