7 Chapter 7: THE IMPORT/EXPORT BUSINESS
THE IMPORT/EXPORT BUSINESS
What to Find in This Chapter
1. Discovering Global Connections
Translate the following words referring to construction tools t from English to Spanish and write the definitions in Spanish.
Instructions:
- You will be provided with two lists: one containing 20 imported products from Latin American countries, and the other listing 20 industries in the United States.
- Your task is to match each imported product with the industry to which it is primarily imported. Take your time to consider the potential connections between the products and the industries.
- Think about the impact of global trade and how different products contribute to various sectors of the U.S. economy.
- Once you’ve made your matches, we will discuss the answers as a class to deepen our understanding of the economic ties between Latin American countries and the United States.
1. Petróleo crudo | A. Comercio minorista de alimentos y supermercados |
2. Frutas tropicales (bananas, piñas, mangos) | B. Comercio minorista de alimentos y restaurantes |
3. Café | C. Joyería y orfebrería |
4. Oro | D. Industria chocolatera y confitería |
5. Plátanos | E. Industria textil y confección de ropa |
6. Azúcar | F. Distribución y venta de frutas frescas |
7. Vino | G. Industria del café y cafeterías |
8. Aguacates | H. Industria pesquera y restaurantes de mariscos |
9. Flores frescas | I. Floristerías y venta minorista de flores frescas |
10. Mariscos (camarones, langostinos) | J. Industria del aluminio y fabricación de productos metálicos |
11. Cacao | K. Industria vitivinícola y distribuidores de vinos |
12. Jugos de frutas | L. Industria maderera y fabricación de muebles |
13. Productos de cuero | M. Industria petrolera y refinación |
14. Vegetales frescos (tomates, pimientos, aguacates) | N. Procesamiento y distribución de carne |
15. Ropa y textiles | O. Industria química y farmacéutica |
16. Carne de res y cerdo | P. Empresas de bebidas y jugos |
17. Madera y productos de madera | Q. Fabricación de productos de cuero y calzado |
18. Aluminio | R. Industria azucarera y confitería |
19. Productos químicos orgánicos | S. Tabacalera y fabricación de productos relacionados |
20. Tabaco y productos relacionados | T. Industria textil y confección de ropa |
2. Vocabulary Voyage
Read the following paragraph:
Un puerto marítimo es un nodo vital en el comercio internacional, facilitando la importación y exportación de bienes a nivel global. Cuando los barcos llegan al puerto, se inicia un proceso coordinado para la eficiente manipulación de la carga. Primero, las autoridades portuarias llevan a cabo inspecciones aduaneras y de seguridad para garantizar el cumplimiento de regulaciones. Posteriormente, las grúas descargan los contenedores del barco y los colocan en áreas designadas del puerto. La gestión eficiente de la logística es esencial; se utilizan tecnologías avanzadas para rastrear y organizar los productos. Las instalaciones portuarias cuentan con zonas de almacenamiento temporales donde la mercancía se clasifica antes de ser cargada en camiones o trenes para su distribución interna. Además, los puertos están equipados con infraestructuras de transporte conectadas para facilitar la movilidad de bienes hacia destinos finales. En este complejo engranaje, la colaboración entre autoridades, operadores portuarios y transportistas es esencial para mantener un flujo constante y eficiente de mercancías en el negocio de importación y exportación.
instructions:
- Reading Assignment: Read the provided paragraph about the functioning of a maritime port. Pay close attention to any nouns you don’t know.
- Identify Unknown Nouns: While reading, underline or highlight any nouns that are unfamiliar to you.
- Dictionary Exploration: Use Spanish-English dictionaries or online resources to look up the meanings of the underlined or highlighted nouns. Make sure to find the most relevant and contextually accurate definitions.
- Create Vocabulary Lists: Write down the meanings of the newly learned nouns. Additionally, try to write a sentence or two using each term to reinforce your understanding.
- Class Discussion: We will have a class discussion where you can share the meanings of the identified nouns. Feel free to provide examples of how these words are used in the context of the paragraph.
Communication activities:
1. Import-Export Negotiation
Role Activity Instructions: Import-Export Negotiation
Objective: The goal of this role activity is to simulate a negotiation between an American entrepreneur (Student 1) looking to establish an import-export business with Colombian coffee and a Colombian representative of coffee farmers (Student 2). The negotiation will cover various topics, including pricing, quantities, shipping logistics, certifications, and contract terms.
Instructions:
- Role Assignment:
- Student 1: American Entrepreneur
- Student 2: Colombian Representative of Coffee Farmers
- Preparation:
- Research your assigned role to understand the perspective and responsibilities associated with it.
- Familiarize yourself with key aspects of the coffee industry, particularly those relevant to your role.
- Introduction (5 minutes):
- Begin with a brief self-introduction and a description of your business background (Student 1) or the role of coffee farmers in Colombia (Student 2).
- Conversation Topics (20 minutes): Engage in a structured conversation covering the following topics:
- Quality and Variety of Colombian Coffee
- Pricing and Quantities
- Shipping and Logistics
- Certification and Quality Assurance
- Contract Negotiation
- Payment Terms and Financing
- Market Trends and Demand
- Long-term Partnership
- Negotiation Strategies:
- Aim to understand the interests of the other party while presenting your own needs and objectives.
- Be prepared to make compromises and find mutually beneficial solutions.
- Take notes during the negotiation to keep track of key points.
- Interaction:
- Engage in a dynamic and interactive conversation, asking questions and providing detailed responses.
- Use the information researched for your role to enrich the negotiation.
- Closing (5 minutes):
- Summarize the key points discussed during the negotiation.
- Discuss potential next steps and any agreements reached during the negotiation.
- Debriefing (10 minutes):
- Reflect on the negotiation process and outcomes.
- Discuss challenges faced, successful negotiation strategies, and areas for improvement.
- Feedback:
- Provide constructive feedback to each other, highlighting effective communication and negotiation skills.
- Discuss how the negotiation could be improved or modified for a successful partnership.
2. The Peruvian Entrepreneur
Role Activity Instructions: Export Negotiation Between Peruvian Entrepreneur and US Retail Business Manager
Objective: This role activity aims to simulate a negotiation scenario between a Peruvian entrepreneur (Student 1) running a small business that employs indigenous women to produce decorative items and a US retail business manager (Student 2) interested in establishing a business partnership. The negotiation will cover a range of topics, including product details, pricing, quantities, shipping logistics, certifications, cultural significance, collaboration opportunities, and customs processes.
Instructions:
- Role Assignment:
- Student 1: Peruvian Entrepreneur
- Student 2: US Retail Business Manager
- Preparation:
- Research your assigned role thoroughly to understand the business background, products, and industry specifics.
- Familiarize yourself with export-related terms, pricing strategies, shipping logistics, and cultural aspects related to your role.
- Introduction (5 minutes):
- Start the negotiation with a brief self-introduction, providing relevant details about your business background (Student 1) or the retail business you manage (Student 2).
- Product Details (10 minutes):
- Student 1 provides comprehensive details about the decorative items, emphasizing cultural aspects, production processes, and uniqueness.
- Student 2 actively engages by asking questions regarding the production, materials used, and potential appeal in the US market.
- Pricing and Quantities (15 minutes):
- Student 1 discusses pricing structures for the decorative items and potential bulk discounts.
- Student 2 raises queries about the pricing strategy concerning the US market and discusses quantities for an initial order.
- Shipping and Logistics (10 minutes):
- Student 1 explains the logistics of exporting items from Peru, detailing shipping methods, transit times, and potential challenges.
- Student 2 inquires about shipping costs, delivery timelines, and packaging considerations for retail.
- Certifications and Cultural Significance (10 minutes):
- Student 1 provides information on certifications the products may have and emphasizes their cultural significance.
- Student 2 discusses the importance of certifications in the US market and explores potential marketing strategies based on cultural significance.
- Collaboration Opportunities (10 minutes):
- Student 1 expresses interest in a long-term partnership and discusses potential collaborative opportunities, such as exclusive designs or customization for the US market.
- Student 2 explores possibilities for joint marketing efforts or exclusive arrangements, considering retail trends.
- Port of Exportation and Customs (10 minutes):
- Student 1 provides details about the port of exportation in Peru and any customs considerations.
- Student 2 seeks clarification on customs processes in the US and any documentation required for the importation of decorative items.
- Closing and Next Steps (5 minutes):
- Summarize the key points discussed during the negotiation.
- Discuss potential next steps, including follow-up actions, sample shipments, and agreement timelines.