i vote no unless the buyer is willing to send US currency in the form of a money order, cashier's check or something similar.
why...
Paypal only provides seller protection when a seller ships to a (verified) confirmed shipping address. Currently Paypal only confirms addresses in the USA, Canada, and the UK. Shipping to unconfirmed addresses poses greater risk such as not only losing the item, but Paypal obligating you to refund the money as well. Because of this I only ship to confirmed addresses.
Paypal also has shipping requirement, which are usually cost prohibitive shipping overseas. Any item needs to have a tracking number viewable online, without one the buyer can claim they never got it and are entitled to a full refund. Certified mail or sign receipt requested or anything similar is not adequate proof, if not viewable online and as such Paypal will side with the buyer. Online tracking for overseas shipments is very expensive even with the least expensive carrier to ship overseas, USPS. And if the item is over $250 not only do you need tracking, but a signature upon delivery that must also be viewable online. Such a service is limited to Express International Mail and is very costly. Plus USPS International insurance isn't cheap either. I rarely sell overseas and never accept Paypal for local pick-up.