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Let’s face it. On their own, novice exporters can face a tough uphill battle when it comes to international trade. Tariff barriers alone are enough to keep some aspiring exporters from entering international waters (or skies) despite the incredible potential market growth.
Assessing the Barriers
In this two-part series, we’ll explore two major non-tariff trade barriers and take a look at what you can do to get beyond the roadblocks and on the road to successful international trade.
So, what are some common trade barriers small- to medium-sized businesses face in the global market?
Intellectual Property Issues
Intellectual property is booming and will soon become the largest market in the world. Not only is it important to be aware of national and international laws and requirements regarding intellectual property—in some cases, it’s your only fighting chance to ensure you don’t lose your intellectual property.
Being proactive about your intellectual property ensures you don’t lose your brand name, patent or technology. In this article on intellectual property, Becky DeStigter hits the nail on the head: avoiding trade in countries you fear entering the market in because of having your intellectual property compromised is a side-step approach that doesn’t necessarily mean the risk is avoided. “Take for example China, the intellectual property piracy capital of the world. If you have intellectual property worth stealing, then IP pirates will try to steal it regardless of whether your company ever enters the Chinese market.”
Avoiding international trade doesn’t always solve (or skirt) the problem, but it does automatically rule you out from increasing competitiveness and growing your market share in the global arena.
Strategic, Regulatory and Standards Issues
Regulatory and standards barriers include a wide variety of operating practices ranging from bureaucratic delays in processing request for permits, political squabbles, infrastructure headaches, and unethical business practices.
Too often, exporters take the time to go through approval processes with regulations here in the United States, but soon find out that the steps they took aren’t acceptable overseas. When attempting to enter an international market, some exporters will face unnecessarily cumbersome customs and market-entry procedures. If these procedures are arbitrary and left to the judgment of customs officers, they become barriers to market entry. Similarly, voluminous and complicated document requirements and excessive delays in customs clearance due to human and technical factors serve as non-tariff barriers. For many companies, requirements to provide the same documentation to numerous agencies in one country significantly contribute to the costs of international trade.
These trade barriers make up a large part of the roadblocks exporters face, but they are by no means an exhaustive list. Here’s an excellent resource you can use to identify the specific type of trade barrier your business is facing so you can get help addressing (and overcoming) it.
So, what can the small- to medium-sized business owner or manager do about these seemingly huge barriers? Stay tuned! In the second part of this series, we’ll discuss your options for assistance and how the U.S. Department of Commerce’s International Trade Administration can provide the help you need.
Special thanks to John Andersen, the U.S. Department of Commerce’s Principal Deputy Assistant Secretary for Global Markets, for his expertise in this series on global trade barriers.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| PSMF061004A51 bearing | 6 | 10 | 4 |
| PSMF051006A51 bearing | 5 | 10 | 6 |