No man is an island. A quote that everyone is familiar with also applies to nations. In the advent of the twenty-first century, globalization has become the norm. The rapid increase of trade and commerce transcended cultural and national boundaries. With every passing day the world becomes smaller and smaller; with each and everyone becoming closer together.
Globalization can be seen as a threat or as a great opportunity for businesses and industries. Greater advancement in technology, especially in the field of communication, ushers in a world that is one and whole. A global world where commerce and trade with other nations are well within one’s reach and ever more possible. As we shift our vision towards a one-world modes of thought, international trade becomes more and more lucrative - both financially and personally.
ASEAN Integration 2016
The Association of Southeast Asian Nations Integration of 2016 is one great example of how nations as well as industries tackle globalization - head on. As part of the ASEAN Economic Cooperation (AEC) Blueprint 2015, the plan will build on a highly integrated and cohesive economy; a competitive, innovative and dynamic ASEAN; and a global ASEAN, just to name a few.
The plan encompases agreements that promotes trade and cooperation between member countries. Trade and commerce laws are cohesive and in sync between member countries meaning flow of goods and services as well as trade between each is more attainable and permissive. Ease of doing business has also been reinvigorated as member countries are advocating enhanced cooperation between the trade agencies of member states.
The ASEAN Integration opens the door of trade and commerce between our neighbors that much wider. The plan revitalizes the lifeblood of the nation’s economy with more possibilities within the import and export industries. With the Philippines at the forefront of the emerging economies in the region, this bodes very well for our future.
The Next Asian Tiger
The Philippine economy prides itself in its resiliency. Even being stifled by weak global demand and underspending, the Philippine GDP has grown 5.8 percent in 2015 less than the 6.1 percent of 2014 but still a significant growth within the region. In 2016, it has risen to 6 percent leaving in its wake the neighboring economies of China, Vietnam, and Malaysia. A well-insulated economy, steady remittances, a well-maintained service sector and a growing industrial base coupled with an advantageous import export industry is what’s keeping this drive.
While international commerce may be one of the hottest industries today, it’s nothing new especially for the Philippines. The Philippines has always been an important hub for trading. Seated in the center of Southeast and Eastern Asia, the Philippines enjoys an advantageous geographical location - a prime real estate for international trading.
No one can deny that importing and exporting are big businesses. But don’t think that the import-export business is only exclusive to those big corporations and its corporate traders. There is still a vast potential that is untapped for small businesses in international trade, if you are up to the task, that is.
The thought of international commerce and trade can be daunting even for a footloose entrepreneur like yourself. It requires sharp organizational skills and a keen sense of timelines. If you don’t want to stress the details or if your idea of a follow-up is when a problem comes out then you should think twice about going into it. Or you could seek help from credible customs brokers.
The good people at Sun East Asia Transport, Inc. (SEATI) is just that. SEATI is a domestic customs brokerage corporation and international freight forwarder that specializes in customs clearance service for all sorts and sizes of cargoes. It is accredited by various government agencies and regulating bodies of the industry. It boasts of a wide network of offices worldwide, especially in the strategic trading centers located in the U.S., Continental and Eastern Europe.
Founded by engineer Virgilio Veneracion in 1991 bolstered with his two-decade passion in international trade and brokerage, SEATI was established as purely trucking company back then. Since then, it grew to become one of the most credible and well-known customs brokerage and freight forwarding company in the region.
If you have an import-export business idea that you keep putting off because you don’t know where to start or how to go with the numerous permits and licenses, SEATI is here help you take the first step in making your import-export business idea into a reality.