International Trade

The Ecosystem Of Foreign Trade

When running an import and export business you’ll need various services that will make your operations proceed in a proper way. Otherwise you’ll end up with a number of losses and failures like incorrectly prepared documents, faulty organization of shipment, false declarations

May 14, 2021

Global Economy·International Relations·International Trade·Opinion

Shifting Alliances in an Era of Intertwined Blocs

In a world characterized by rapid globalization and dynamic geopolitical shifts, the traditional delineation of blocs led by superpowers has given way to a more complex and intertwined landscape. The days of a clear-cut Western bloc led by the United States and

October 9, 2023

Global Economy·International Trade·Opinion

The IMEC Agreement: A Sweet Distraction or Realistic Corridor?

The recent G20 summit held in 2023 saw the world’s leading economies come together to discuss pressing global issues and explore potential solutions. Amidst the discussions on climate change, economic recovery, and the ongoing pandemic, one significant development that garnered attention was

October 1, 2023

International Trade

Unlock the Potential of Your International Business with Trade Finance

Prospect: Your prices are OK. But our payment policy lets us work only T/T 45 days after B/L. You: Sorry, but we work only [30% in advance and the balance before shipment.] Prospect: [lost comm.] How many times have you not done

February 7, 2023

International Trade

8 Aspects To Consider Before Going Global With Your Business

While businesses are experiencing the worldwide storm, SMEs particularly feel the pinch to the bone. This pushes them to consider going global. However, sometimes the journey of exporting may end up with worse consequences. Running a business is a significant undertaking, and

January 22, 2023

International Trade

Understanding Tariffs And Non-Tariff Barriers To Trade

Tariffs are customs duties imposed on merchandise imports by governments. A country or a trade block imposes a tariff either to a country or to a specific product. For the latter, it’s important to know the correct product code as the customs

April 6, 2022

International Trade

How to Export Goods Under FOB Incoterms® 2020 Rules

FOB, short for “Free on Board”, is one of the most preferred shipping methods in international transportation. According to FOB rules, the exporter is obligated to deliver the goods aboard the vessel designated by the importer at the agreed delivery port in

March 30, 2022