1.

I would advise a California-based company to seek aid from the Export-Import Bank, which
strives to support the financing of American exports and services to boost employment and
market competitiveness. As a result, the importer in the Philippines might get a loan to utilize
for buying completed lumber by using their direct lending operation.
Another choice is for the Philippines importer to ask their local bank for a letter of credit, which
guarantees that the bank would pay a certain amount to the California-based exporter in order
for the lumber to arrive on schedule.
2. Countertrade, which we can describe as the exchange of goods or services for other goods or
services rather than paying the seller in cash, establishes a mutual type of international trade.
When countries lack hard currency and foreign exchange reserves and the only thing the buyer
can offer is products or services, countertrade may still rise by the year 2020. When consumers
have currency to trade in the market and when a nation develops and begins trading in currency
rather than goods or services, the countertrade may decline.
3. Countertrade gives businesses advantages like easy access into competitive markets, high
resource efficiency and utilization, and increased sales; as a result, these advantages will show
up in their financial data like export revenues. Associating with this strategy carries a risk,
though, as businesses typically prefer countertrading those who have a strong financial
foundation. As a result, small and medium-sized businesses without a global network of
operations are much more likely to use their resources inefficiently and produce lower profits.