Foreign experience in minimizing risks in trade and economic relations

This article examines the theoretical and practical foundations of risks in trade and economic relations, and analyzes the approaches of countries such as the European Union, the United States, Germany and China to risk reduction in trade and economic relations. As a result of the study the following conclusions were drawn: The European Union considers the level of safety in goods, compliance with phytosanitary regulations, the United States as a strategic goal of bilateral cooperation, the implementation of innovative products by local entrepreneurs. The main risks of entering the German market are explained by a lack of knowledge of the legal framework, and the reduction of these risks makes it necessary to insure foreign trade operations and use the services of professional sales representatives. For Chinese entrepreneurs, access to foreign markets of developed countries in recent years is explained by a high level of risk, the main goal of the country's foreign trade strategy is to focus on the market of developing countries with relatively low risk.