A

GROUP PRESENTATION
OF
INTERNATIONAL BUSINESS LAWS AND TREATIES
ON
ON- LINE FINANCIAL TRANSFER LEGAL SAFEGUARDS –
INTERNATIONAL BUSINESS TAXATION

Course Title:-INTERNATIONAL BUSINESS MANAGEMENT

(MBAT-343)
MBA:-2020-2022
 GROUP MEMBER
Sr. No NAME ERP I’d
1. Satya Prakash 0201MBA032
2. Amit kumar Jha 0201MBA077
3. Aarti Kumari 0201MBA178
4. Surbhi Sahu 0201MBA176
5. Shivani Srivastav 0201MBA223
 International Business Laws and Treaties

On-Line financial Transfers- Legal safeguards- International Business Taxation

Internet banking, also known as online banking, e-banking or virtual banking, is an electronic
payment system that enables customers of a bank or other financial institution to conduct a
range of financial transactions through the financial institution's website.
Different types of online financial transactions are:

1. National Eletronic Fund Transfer (NEFT)

2. Real Time Gross Settelment (RTGS)

3. Electronic Clearing System (ECS)

4. Immediate Payment Service (IMPS)

 Another method of online financial transactions are:

To succeed in today’s global marketplace and win sales against foreign competitors,
exporters must offer their customers attractive sales terms supported by the appropriate
payment methods. Because getting paid in full and on time is the ultimate goal for each
export sale, an appropriate payment method must be chosen carefully to minimize the
payment risk while also accommodating the needs of the buyer.

There are five primary methods of payment for international transactions.

During or before contract negotiations, you should consider which method in the figure is
mutually desirable for you and your customer.
KEY POINTS:-

1. International trade presents a spectrum of risk, which causes uncertainty over

the timing of payments between the exporter (seller) and importer (foreign buyer).
For exporters, any sale is a gift until payment is received.

2. Therefore, exporters want to receive payment as soon as possible, preferably as

soon as an order is placed or before the goods are sent to the importer.
For importers, any payment is a donation until the goods are received.

3. Therefore, importers want to receive the goods as soon as possible but to delay
payment as long as possible, preferably until after the goods are resold to
generate enough income to pay the exporter.
ADVANTAGES ONLINE MONEY TRANSFER IN
INTERNATIONAL BUSINESS

1. 24/7 account and service access.

2. Speed and efficiency.

3. Online bill payment.

4. Low overhead can mean low fees.

5. Low overhead can mean high

interest rates on deposit accounts

.
ADVANTAGES ONLINE MONEY TRANSFER IN
INTERNATIONAL BUSINESS
No one type of bank can be the best at everything. In spite of their many
advantages, there are some drawbacks to using online banks as well. Here are
some of the downsides of working with an online bank:

1. Technology issues.

2. Security issues.

3. Inefficient at complex transactions.

4. No relationship with personal banker.

5. Inconvenient to make deposits

 LEGAL SAFEGUARD
A safeguard, in international law is a restraint on international trade
or economic development to protect communities from development aggressions
or home industries from foreign competition.

In the World Trade Organization (WTO), a member may take a safeguard action,
such as restricting imports of a product temporarily to protect a domestic industry
from an increase in imports causing or threatening to cause injury to domestic
production.

In the United Nations Framework Convention on Climate Changes,

safeguards are intended to protect indigenous peoples and other local
communities with traditional knowledge of natural resource management within
efforts towards reducing emissions from deforestation and forest degradation.
Agreement on Safeguards
The Agreement on Safeguards (“SG Agreement”) sets forth the rules for
application of safeguard measures pursuant of GATT 1994.

Safeguard measures are defined as “emergency” actions with respect

to increased imports of particular products, where such imports have caused or threaten
to cause serious injury to the importing Member's domestic industry.

Rules governing pre-existing measures (applied before the WTO's

entry into force)
Pre-existing measures imposed pursuant to GATT that were in effect at the time
of the WTO Agreement's entry into force are to be terminated no later than eight years
after they were first applied, or five years after the entry into force of the WTO
Agreement, whichever comes later.
Pre-existing “grey area” measures that were in effect at the time of the WTO's
entry into force are to be brought into conformity with the SG Agreement or phased out
pursuant to timetables to have been presented to the SG Committee by 30 june

June1995within four years of the WTO's entry into force (i.e., by December 31, 1998).
1. International business refers to
the trade of goods, services,
technology, capital and/or
knowledge across national
borders and at a global or
transnational scale.

2. It involves cross-
border transactions of goods and
services between two or more
countries. Transactions of
economic resources include
capital, skills, and people for the
purpose of the international
production of physical goods and
services such as finance, banking,
insurance, and construction.
International business is also
known as globalization.
Features of International Business Taxation
1. It includes two countries: international business is only possible when there are
transactions in different countries.

2. Use of currencies: Each country has its own different currency. This causes currency
exchange problems as foreign currencies are used to carry out transactions.

3. Legal obligations: Each country has its own laws regarding foreign trade, which must
be complied with. Moreover, in the case of international transactions, there is more
government intervention.

4. High risk: International companies face great risks due to long distances, the risk of
fluctuations between the two currencies, and the risk of obsolescence.

5. Heavy document: Subject to a series of steps. Many documents need to be completed

and sent to the other party.

6. Time consumption: The time interval from sending and receiving goods to payment is
longer than that of domestic transactions.
THANK YOU