The report "DHL Trade Growth Atlas" published by DPDHL Group and NYU Stern School of Business highlights ten major trends in global trade after the pandemic. It points out changes and opportunities in trade growth and supply chain configurations between emerging and developed economies, emphasizing the importance of open trade and international cooperation.
The trade agreement signed by the Trump administration raises tariff levels, making the Trans-Pacific trade environment more uncertain, which adds pressure on global businesses and economic cooperation. Companies face risks of rising costs, making it increasingly important to seek alternative solutions to navigate the uncertainty.
This article delves into the two meanings of ETD (Estimated Time of Delivery and Estimated Time of Departure) in international ocean bills of lading. It also elaborates on key shipping terms such as ETA, ATD, and ATA. Through case studies, this aims to help foreign trade personnel accurately understand and utilize these terms, avoiding trade risks caused by misunderstandings. Ultimately, it facilitates the smooth progress of international trade.
In 2010, the WTO held a trade facilitation workshop in Niger to identify the country's needs and priorities through self-assessment. Experts from UNCTAD and WCO assisted in the workshop, enhancing Nigerien officials' awareness of international trade challenges and clarifying actions aligned with WTO principles. The workshop focused on customs issues, deepening participants' understanding of international trade and customs affairs, and contributing to Niger's integration into the global trading system.
The World Customs Organization's guidelines for Customs Brokers highlight their crucial role in international trade. It provides clear ethical standards, encompassing responsibilities, integrity, transparency, professional development, and customs cooperation. The guide aims to enhance the professionalism of customs brokers, facilitate trade, and establish an efficient, transparent, and secure international trade environment. It emphasizes the importance of brokers in ensuring compliance and streamlining processes, contributing to smoother global commerce.
This paper delves into the concept of 'designated forwarder' in international trade, explaining its relationship with trade terms like FOB and EXW. It reveals potential risks and offers coping strategies for exporters. The importance of negotiating trade terms including freight, understanding the designated forwarder's background, and clarifying cost terms are emphasized. The advantages of independently choosing a forwarder are also highlighted. This aims to help exporting companies mitigate risks and gain control in international trade, ultimately empowering them to navigate the complexities of designated forwarder arrangements effectively.
Foley & Lardner partner Greg Husisian discusses key trade and tariff issues, advising companies to strengthen compliance and diversify their supply chains to navigate the complex international trade environment. He emphasizes the importance of understanding and adapting to evolving tariff policies and proactively mitigating risks related to trade fraud. Businesses should prioritize robust compliance programs and explore alternative sourcing options to minimize disruption and maintain competitiveness in the global market. Staying informed and agile is crucial for success in the face of increasing international trade complexity.
This article shares common issues in freight forwarding, such as container detention time, freight display, and payment methods. It reveals potential 'traps' in the freight forwarding industry, reminding cargo owners to be vigilant during transactions and avoid unnecessary losses. It highlights potential pitfalls related to bill of lading freight charges and other common areas where misunderstandings or misrepresentations can occur. By understanding these potential issues, shippers can better protect themselves and ensure smoother, more cost-effective foreign trade logistics operations.
The UK has introduced new regulations to oversee corporate payment practices, aiming to address the long-standing issue of 'slow payments' and protect the rights of small and micro enterprises. The new rules require companies to disclose their payment records, enhancing transparency. Innovative technologies like blockchain are also transforming supply chain finance. However, the most fundamental solution remains corporate integrity in payment and the establishment of stable and reliable supply chain relationships. This initiative hopes to foster a healthier financial ecosystem for SMEs.
The International Chamber of Commerce's principles for sustainable trade and trade finance provide a framework for assessing the sustainability of trade, focusing on environmental and socioeconomic development. The principles aim to direct funding toward sustainable trade by clearly defining standards, reducing the risk of greenwashing, and supporting a balance between economic growth and environmental protection.
