New Zealand Expansion Project Overview
This paper discusses the details of an agreement between the largest American retail food distributor and a New Zealand cooperative to distribute their products in the United States.
# 24002 | 1,175 words | 1 source | MLA | 2002 |
Published on Apr 15, 2003 in Business (Companies) , Business (International) , Political Science (Government Agencies)
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This paper is an overview of the reciprocal agreement between Food Stuffs New Zealand, Ltd. and The Supermaket Chain of grocery stores in the United States to distribute their products in the United States. The paper presents a brief history of U.S. imports into New Zealand, including recent discussions to decrease tariffs on goods imported from the United States. The author discusses New Zealand's culture and how this will help determine the target market for the American goods. The structure of the agreement, including shipping details, terms of payment, length of the contract and the method of transport are also presented in detail. The paper concludes with a discussion of how similarities in the strict regulations for import of any food products into both countries will enable a smooth execution of the terms of the agreement between these two entities.
From the Paper:"The terms of payment will be Net 30. This will allow all difference to be reconciled before shipment of the next allotment. Payment can be by company check included with the shipment, or sent separately with a copy of the invoice attached. Adjustments will be made on the next billing cycle. Both parties agreed that payment will be in US Dollars and that adjustments in pricing will reflect fluctuations in exchange rate. It was agreed that fluctuations in exchange rate of less than 5% would not be counted as a reason to re-negotiate or adjust pricing.
The food that we will ship will be of the non-perishable type due to the lengthy transport time involved. It has been agreed that both import shipments from New Zealand and export shipments from the United States will be via cargo ship in order to save costs. The New Zealand shipment will take a certain amount of hold space and weight; the reciprocal shipment will occupy the same hold space and weight. The trip one way will take approximately four weeks."
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