International trading – the phrases instantly spark the thought of lucrative business opportunities, growth beyond boundaries and huge profitability. However, it also exposes your business to higher risks imaginable. Complex international trading laws, geopolitical context, language & cultural differences, business practices and customs – businesses are constantly being challenged to mitigate the risks and explore new ways to increase their profitability. Wolfgang Zulauf, an expert banker and international trading consultant, shares ways to identify and reduce risks that come with trading beyond boundaries.
Wolfgang Zulauf advises both the partners to be entrusted by a banking institution such as SUISSE BANK that has vast experience in international trading, such as one offering a wide range of financial instruments. Letters of credit, bank guarantees, proof of funds, etc. are powerful instruments that can help build credibility among the partners and protect their interests.