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  • WTO launches new edition of Handbook on the TRIPS Agreement November 27, 2020
    The WTO launched today (27 November) the second edition of “A Handbook on the WTO TRIPS Agreement”, which describes the historical and legal background to the Agreement on Trade-related Aspects of Intellectual Property Rights (TRIPS), its role in the organization and its institutional framework. The publication coincides with the 25th anniversary of the entry into […]
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  • WTO to host first Trade for Peace Week November 25, 2020
    The WTO will host the first edition of the Trade for Peace Week from 30 November to 4 December 2020. Ten virtual panel sessions will explore the nexus between trade and peace, with the focus on fragile and conflict-affected countries in accession which want to use trade and economic integration to promote sustainable and inclusive […]
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  • DDG Agah at ITC Joint Advisory Group: Open trade and economic inclusion key to post-COVID recovery November 25, 2020
    In remarks on 25 November to the 54th session of the Joint Advisory Group that oversees the work of the International Trade Centre (ITC), WTO Deputy Director-General Yonov Frederick Agah argued that open international trade, together with efforts to ensure the benefits from economic activity are widely shared, would be necessary to repair the social […]
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  • DDG Wolff: “WTO reform is both necessary and feasible” November 24, 2020
    Speaking at the “1+6” roundtable meeting presided by Chinese Premier Li Keqiang on 24 November, Deputy Director-General Alan Wolff urged WTO members to begin serious engagement on improving the WTO, arguing there was enough common ground to reach major new agreements. He also called on China to participate actively and contribute positively to planning far-reaching […]
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September 23, 2019 9:18 pm by admin

Promissory Note



promissory-note

In international trade, Exporters and Importers often use  promissory notes in combination with letter of credits especially when deferred payment terms have been granted. The promissory Note is a document within which the issuer (maker) gives an unconditional promise to […]

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September 23, 2019 8:55 pm by admin

Bill of Exchange



International Bill Of Exchange

The bill of exchange is a document within which  one party ( the drawer) gives the order to another (the drawee) to pay unconditionally a sum of money at  a given place and date, for goods or services received. By […]

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August 24, 2019 10:07 pm by admin

Forfaiting



Forfaiting

    Forfaiting is a financing method whereby the forfaiting company purchases a payment receivable at its face value (invoice value) minus costs which are composed of a discount and a risk premium. The existence of  payment receivables can be […]

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August 18, 2019 8:55 pm by admin

When should I use a confirmed Letter of credit



A letter of credit is by nature, a tool that protects  exporters from the non-payment risk. As developed in our article which details the process of a letter of credit  , if you require a commitment from a confirming bank […]

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