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Risks of international trade and settlement systems in Myanmar (Soe Thu, 2018)
http://hdl.handle.net/20.500.12678/0000006906
http://hdl.handle.net/20.500.12678/000000690623725c14-2988-4ccc-acec-22c80e896204
d93dcd27-f7a7-46e6-bf05-4fb5feef6a54
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Journal article | ||||||
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Publication | ||||||
Title | ||||||
Title | Risks of international trade and settlement systems in Myanmar (Soe Thu, 2018) | |||||
Language | en | |||||
Publication date | 2018-03-01 | |||||
Authors | ||||||
Soe Thu | ||||||
Mar Thu San | ||||||
Description | ||||||
International trade in the world has been widely studied and it becomes important for the nation’s economic growth. Doing business across international borders face many of the same risks as would normally be evident in strictly domestic transactions. This paper observes the perception of importers on international trade payment systems in Myanmar and explores the risk of international trade according to use of payment systems. This study uses both qualitative and quantitative data analysis method. The simple random sampling method was applied as a sampling method. In this study, 50 importers out of 500 active importers from Myanmar trading industry are selected to analyze and the studied period is within the month of October 2016. Finding reveals that the importers are mostly using the telegraphic transfer settlement for their import trade. This study exposes that documentation risk is the highest risk and also the most obvious risk occurring in import trade of Myanmar trading industry. Finally, it is suggested that in conducting international trade, any transactions, procedures and payments should be carried out in due diligence and the carriage and transportation of the goods should be determined with proper INCOTERMS and in due course to hedge the unnecessary trade and settlement risks. | ||||||
Journal articles | ||||||
Yangon university of Economics Reasearch Journal | ||||||
37-53 | ||||||
vol.5, no.2 |