New Incoterms Guide Aids Global Trade Efficiency

New Incoterms Guide Aids Global Trade Efficiency

The Incoterms® rules are a set of global standards published by the International Chamber of Commerce, covering 11 essential trade terms. Since their inception in 1936, with the latest version released in 2020, these rules clarify the responsibilities and risks of sellers and buyers in the delivery of goods in international trade. They help prevent misunderstandings and reduce transaction costs. Understanding these rules is crucial for the success of every trader.

08/05/2025 Logistics Encyclopedia
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VAT Promotes Fair Trade in Global Commerce

VAT Promotes Fair Trade in Global Commerce

This article explores how Value Added Tax (VAT) serves as a facilitator of fair competition in international trade, distinguishing it from tariffs. VAT achieves tax neutrality through a multi-stage payment mechanism, providing equal opportunities for all businesses, ensuring that goods are taxed in the consuming country rather than the producing country, thereby promoting growth in international trade.

08/05/2025 Customs Knowledge
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Global Trade Trends Chalk HS Code Analysis

Global Trade Trends Chalk HS Code Analysis

This article provides an in-depth analysis of the HS code for chalk (2509000000), associated tax rates, and global trade agreements, offering essential information for businesses to understand market trends and facilitating the smooth process of international trade.

04/06/2025 HS Code Query
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Sugarcane Products Gain Traction in Global Markets

Sugarcane Products Gain Traction in Global Markets

This article provides an in-depth analysis of the market value of sugarcane (code 1212999500), highlighting its significance and diversity in international trade. It explores the consumption demand for sugarcane products and related policies, aiming to provide a basis for decision-making for businesses.

07/09/2025 HS Code Query
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