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What You Need to Start Exporting?

There are a number of prerequisites for starting an export business, and it’s important for you to know what they are so you can factor them into your planning process.

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Export Requirements

Know what export conditions are applicable for your particular goods and services.

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Legal Issues

Ensure your compliance with international legal requirements, Free Trade Agreements (FTAs), Intellectual Property Rights (IPRs), and international sales contracts.

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Financial Matters

Secure funding for increased production and operation expenses, and have an efficient payment process in place for international payments.

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Production Capability

Investment in new machinery and production technologies might be required, besides additional supply of raw materials.

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Human Resources

Get the right talents to manage shipping, logistics, and customs procedures. Multilingual skills and cultural awareness will be valuable for those international negotiations.

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Marketing Expertise

Identify the right export marketing strategies and establish connections with local distribution channels to ease your market entry.

Export Readiness Assessment (ERA)

The Export Readiness Assessment (ERA) is an online tool developed by MATRADE to help local businesses gauge where their business stands in terms of entering export markets.

The ERA assesses a business' evaluates and performance to identify improvement areas. By focusing on key aspects such as management commitment, export strategy, product readiness and other export knowledge, the ERA ensures that a business is equipped to compete successfully in international markets.

How it works

01

Access the ERA tool here.
Join as a MATRADE member to begin using the ERA tool. If you are not currently a member, please sign up today. For companies, please enter your ROC number to begin.

02

Complete the 16 questions in the assessment.
This should take less than 5 minutes.

03

Upon completion, you will have an indication to your export readiness.
You will know the improvement areas you need to help navigate your export journey. If you have any questions or require further assistance, please get in touch with MATRADE.