Foreign trade is seen as a special form of Wholesales.
There are a few characteristics of foreign trade and what is is actually useful for. To move in the Field of foreign trade one I want to reflect on some of them:
Balancing of goods
collecting wholesale and foreign trade
distributing wholesale and foreign trade
Either big amounts are produced at a time and have to be distributed,
or small amounts are available in different places, that have to be collected for a big order.
Advice/Consultancy
What skills are available and of value to others
In addition to the knowledge of the market of course
Space bridge
This is the most obvious task of foreign trade, but with it goes all the expertise of knowing the target market, its legal norms etc.
Storage
This is important to minimize costs for foreign trade because full container loads are just cheaper to transport than many small shipments overseas.
Assortments
Assortments of goods and services. What skills are available to be able to offer customers products and service?
This is one Point where a strategy can really be developed what the foreign trade business really should be like.
Joint Ventures
Are a form of market entry and investment in a foreign market. Here is the foreign trade advisers and potential partners.
Financing
here is a field where actual change has to happen, to move away from the banking system to halal finance.
Conclusion.
A cooperation of traders in different countries can offer huge benefits in knowledge of purchasing and sales markets.
A Trader in one country can find a good product that can be sold to a variety of different countries. If he finds a need for something he can contact partners in different countries to find products.
To have partners in different countries can also help to built assortments, and each member of the cooperative benefits by the knowledge and expertise of the others.
Strategically one should concentrate on the Consultancy and the Assortments one can think of, from that come the different possibilities to engage in business practically.
These are just some initial thoughts. I hope to find Partners in this operation.
Salam alaikum Hajj Habib,I hope it will be in full compliance with Islamic Mu’amalat as taught us by Umar Pasha(Amal Ahl Al-Madina).
It depends all on the people participating and the intentions and most important on the mercy of Allah.
But yes, I am studying Umars works and they are a big inspiration.