Rice Exporters To Counter Trade Barriers & Currency Fluctuation

Question: Discuss about the Practices Of Rice Exporters To Counter Trade Barriers And Currency Fluctuation. Answer: I have prepared this reflective writing on the topic To Study the Practices of Rice Exporters to Counter Trade Barriers and Currency Fluctuation in which discussion will be made regarding the previous two assignments and knowledge which I have gained while conducting the assignment 1 and assignment 2. I have learned how to execute a research project and the manner in which information is collected by applying different methods or approaches. In this research program, I have discussed various issues or problems which are acting as a barrier and affecting the exporters engaged in the export of rice. Rice is being exported to the different parts of the rice-producing countries of the world. Different barriers which I have identified while conducting this research program are customs clearance, product inspection, timely payments, currency fluctuations, government regulations, LC openings and many others. I have collected information from different sources and from the information collec ted; I have seen that different measures or practices are being used by the exporters of rice (Shama, 2011). The objective which I have set while conducting this research program is to identify the trade barriers, restrictions and currency fluctuations faced by rice exported. Rice is an important part of the agriculture of the world which is being consumed by a large number of people. I have covered different aspects related to the rice exporters and the various problems which they are facing while exporting their production to other countries. One of the leading exporters of rice is Asian countries which are also considered as a home for the exporters of rice all around the globe (Lakkakula, et. al., 2015). I have seen that there has been a rise in the prices of rice due to the decrease in the export of rice. Export of rice has affected the large population of different countries like India where rice is being consumed by a large number of people on daily basis as a means of food security. I have analyzed data related to the crisis related to the pricing and availability of the rice in the rice market at the global level (Ha, et. al., 2015). I have gathered this data by initiating the process of data collection with the help of different methods or approaches. I have analyzed that restrictions are placed on the export of the rice and taxes are imposed on the agricultural as well as non-agricultural products. Restrictions on the export activities of the rice have resulted in an increase in the prices of rice. Many countries are supporting domestic price which is driving the self-sufficiency. Previously during 1950-1955, the government was maintaining a monopoly on the export of rice and numerous interchange rate systems (Lembergman, et. al., 2015). For the purpose of ensuring the food security at domestic level, restrictions were imposed on the export of the rice as there was a rise in the price of rice in different countries. I have discussed the export restrictions in two different ways. In the previous one, export restriction acted as a problem which increases taxes, quotas, and taxes. In the later one, the discussion has been made regarding the treatment of the export restriction affecting the export activities of the different countries (Mitra Josling, 2009). This learning which I have developed while conducting this research has contributed towards my knowledge regarding the research topic. This learning experience has enhanced my knowledge and developed my skills for executing the research program. A research program is conducted with the application of different methods or approaches and I have developed knowledge of the different methods or approaches. This learning process has enhanced my knowledge regarding the data collection process and the role of different activities while conducting the research program (Barney Mackinlay, 2010). I have gathered data related to the research program for enhancing the knowledge as well as conducting and completing the research in a successful manner. I have gained a valuable experience which will help me in the future for ensuring that the roles and responsibilities are being performed in a proper manner. I have prepared an action plan which has ensured that different activities are conducted in a sequence. This learning process has enhanced my knowledge and experience which I will apply while conducting other research works (Johnston, 2014). The learning process is a crucial aspect of every individuals life as learning process enhances the knowledge of the individual. I have conducted this research with proper planning and by ensuring that the efforts are going in the right direction. Execution process of the research has ensured that I have completed this research within the timeframe decided. I have overcome various limitations which would have affected the quality of the research and execution process of the program in a successful manner. This course has formed a base for the future projects which I will execute or undertake for conducting the program in a successful manner. I have developed my knowledge regarding the various aspects related to the research program (Coleman Willis, 2015). Knowledge of the environment is crucial as this knowledge will be applied for performing the future roles in a better way. Knowledge gained from any activity is very useful as this knowledge can be used while performing the role. Export, import, trade barriers and currency fluctuations are common topics of the business environment and knowledge of these common topics of the business environment enhances the quality of the actions performed. I will be able to cope with the changing situations faced in professional or personal life. I will apply this knowledge gained for performing the professional roles assigned in an effective and efficient manner (Powers, et. al., 2016). During the execution process of the research, I have come across various aspects while conducting the research. During the research execution process, I have executed the research program in a sequential manner by collecting knowledge or information related to the research topic. I have initiated the research program by analyzing the manner in which I will execute the research (Chang Lin, 2014). During the execution of the research program, my focus was on the collection of the quality data so as to ensure that the data presented in the research is reliable and authentic. I have applied different approaches for ensuring that the research is conducted effectively and completing the research my maintaining the reliability of the research (O'Gara, 2014). I have conducted the research by dividing the research program into different parts. I have initiated the data collection process by applying effective approach for data collection process. This data collection process has resulted in developing a base for the research properly and ensuring that the objectives and research questions of the research are answered in a justified manner (Nirmala, 2013). This research program has proved very useful for the research learning process by contributing towards my knowledge and enhancing the skills. Knowledge and skills possessed by me have enhanced with the execution of the research program effectively. Business research has encouraged me and motivated me to conduct the research properly in future for the attainment of the objectives hidden behind the execution of the research program. The learning process has shaped my knowledge and encouraged me for performing future research projects as per the specifications provided. I have conducted different activities in the assignment one and assignment two for ensuring that the objectives are attained. I have conducted assignment one for presenting data related to the research topic and developing knowledge related to the research topic. I have formed research objectives on the basis of which parameters of the research have been defined. I have presented the data in assignment one which I have gathered with the use of various methods or approaches. In the assignment 2, I have discussed different approaches or methods which I have used for executing the research and collecting quality data for the research. I have selected the most suitable approaches which I have applied in this course for attaining the aim I have set. I will apply the knowledge of the research topic gained in this program in the real-life experience of dealing with the real-life situations or issues. Theoretical knowledge is crucial which forms the basis for the practical knowledge. Theoretical knowledge will be applied for conducting the research in a successful manner and it will help me in making better decisions in the future in the professional life. The knowledge of the different aspects of the research topic which I have developed in this program has motivated me to implement the same in future. Thus, at the end of the reflection, it can be concluded from the above discussion that this research program has helped me in discussing various aspects related to the research in an effective manner. This research has provided me an opportunity to enhance my knowledge and encourage me to develop my knowledge. I have presented the data properly for maintaining the authenticity of the research. I have collected with the use of different methods by analyzing the different approaches available. This business research has contributed towards the development of my knowledge and skills which I will apply in future for carrying out the future research programs. References Barney, K. Mackinlay, E., 2010, Creating Rainbows from Words and Transforming Understandings: Enhancing Student Learning through Reflective Writing in an Aboriginal Music Course.,Teaching in Higher Education, 15(2), pp.161173. 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