Introduction to Cross-Border Trade
Learning Objectives
By the end of this letter of credit course you will be able to:
Outline the risks related to the conduct of business across borders.
Describe how political considerations influence the nature of the trade environment.
Describe the industry institutions that enable cross-border trade.
Explain how to manage legal traditions and practices in various jurisdictions and international markets.
Describe the developments in technology and business models reshaping the industry.
Understand proper market selection and market entry strategies for cross-border trade.
Describe how economic and technological factors affect the trade environment.
Explain the impact of environmental factors on the sustainability of global supply chains.
Show the clear linkages between trade activity and financing needs, options, and opportunities.
Explain the importance of social factors and cultural considerations.
Course curriculum
Lessons
In this lesson, we will cover a contextual overview of international trade, including a treatment of the risks related to the conduct of business across borders, as well as an introduction to some of the institutions that support and enable international commerce.
In this lesson, we will look at trade from the perspective of market selection and market entry options and strategies. We will highlight key dynamics in the market today, and look at specific entry strategies, including engagement through global supply chains.
In this lesson, we will take a look at the important dimensions covered by a PESTE analysis (Political, Economic, Social, Technological and Environmental) and their impacts.
The focus of this section is to demonstrate that financing is a critical enabler of international commerce, and that there are clear linkages between trade activity and financing needs, options and opportunities.
In this lesson, we will introduce the reality that international commerce involves dealing with legal traditions and practices that can differ significantly across jurisdictions and markets. Equally importantly, there is a context of international law that applies at a supra-national level, and contracting as well as dispute resolution must also account for these elements.
In this lesson, we take a forward-looking perspective, outlining new developments in technology, business models and practices impacting the ways global trade is conducted.
This section will test your knowledge on what you have learned so far and aims to equip you with the skills and context you will need in the field. Please note, this is not an exam.
FAQs
Answers to your most commonly asked questions.
This course forms part of the curriculum for the Global Trade Certificate (GTC) but can also be purchased on its own.
If you just complete this course then you will earn a Letter of Completion once you finish (please note there is no exam for this individual course).
However, this course can also be put towards achieving the GTC qualification. More details can be found here.
If you complete the GTC then you will earn a Certificate of Achievement, signed by the ICC Secretary General, once you pass the final exam.
A strong interest in trade and trade finance is recommended and all candidates need to be able to read and write in English.
Your purchase includes 12 months to access all the lessons. You can access the lessons as many times as you like within the 12-month access period.
This course is accredited by the London Institute of Banking and Finance (LIBF), The Bankers Association for Finance and Trade (BAFT) and the Global Trade Professionals Alliance (GTPA)
Due to the immediate availability of our course content upon registration, ICC Academy has a strict no-refund policy for our courses and certifications. For more details, please refer to our Terms and Conditions.
This online course will take approximately 3-4 hours to complete depending on your level of experience.
Candidates will have 12 months to complete the lessons.
- One-year access to the online course and all 7 lessons
- 22 assessment questions – we’ll show you how to apply what you learn to real-world scenarios. Please note this is not an exam.
- 13 animated explainer videos and 1 video lecture
- A printable glossary containing all the key terms for you to refer to throughout the course
- Dedicated, full-time IT support
- Certificate of completion
Yes, all our courses are taken online. This means they are accessible at any time, from anywhere in the world. Learn when and where you want.
This course has been designed for general practitioners working in banks, corporates, or financial institutions in functions such as relationship management, credit and compliance, but with an interest in trade finance.
