International trade specialists are an elite category of economists, and their primary duties are two-fold: to study the effects of globalization on their business, and to develop a comprehensive business plan to make sure the business is successful abroad. Research in this job focuses on studying foreign laws regarding international trade, customs, and currency exchange rates, and international trade specialists are responsible for compiling this data, analyzing it and how it applies to the business, and presenting the findings to the relevant interested parties.
This work can be mentally intensive and is mostly confined to the main company building. International trade specialists usually work alone or on a small team of business analysts performing similar work. They typically work with the federal government, and as many corporations are also becoming interested in employing these specialists, the field may see growth of about 14 percent through the next seven years.
Requirements for entry-level positions as an international trade specialist generally include a bachelor's degree in business or finance and strong mathematical and statistical analysis skills. For more advanced positions within a company, a master's or doctorate degree, several years of experience, and a deep understanding of international trade regulations are necessary. Further useful skills include current working knowledge of legal principles, strong presentation skills, organizational skills, and fluency in at least one foreign language.
International Trade Specialist Tasks
- Write and submit license and agreement applications and other documentation.
- Answer questions and educate clients and staff about topics like documentation, classification and restrictions.
- Follow up on shipment and freight, ensuring documentation and activities are correct.
- Interpret, set policies and implement policies around international trade compliance.
- Process payments and track exceptions.