ABSTRACT
The United States (US) Council for International Business (USCIB) is liable for the payment of liquidated damages to customs in the event that the carnet holder fails to comply with customs regulations. The tour, intended to celebrate the 100th anniversary of the company, was made easier by the carnet, which eliminated the need to pay duties and taxes as well as reduced the delays and costs of physically crossing international borders. Products that are unique and different can be appealing to customers because they are a welcome change from the standardized and identical products sold in the domestic market. Primary market research can be conducted by a consulting firm to identify the best line of products for the domestic market. A variety of statistical sources provide data on projected total demand for certain products. Trade flows can also be examined to gather information on domestic demand and growth trends for various products.
