Our Articles

Enjoy,comment and share

RSS World Trade Organization — Latest news

  • Items proposed for consideration at the next meeting of Dispute Settlement Body September 28, 2020
    The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 28 September 2020, of the Dispute Settlement Body, which consists of all WTO members and oversees legal disputes among them. The meeting notice is circulated in the form of a document officially called an “airgram”.
  • Structured discussions on investment facilitation for development move into negotiating mode September 25, 2020
    Participants in the structured discussions on investment facilitation for development began on 25 September 2020 formal negotiations on a multilateral agreement on this issue, with a view to achieving a concrete outcome by the 12th WTO Ministerial Conference (MC12) scheduled for next year. At the first in a series of meetings of this joint initiative […]
  • Thailand launches safeguard investigation on aluminium foil September 24, 2020
    On 24 September 2020, Thailand notified the WTO’s Committee on Safeguards that it initiated on 18 September 2020 a safeguard investigation on aluminium foil.
  • WTO members intensify work on technical barriers to trade September 24, 2020
    WTO members will intensify their work over the coming months on ensuring that standards and regulations do not act as unnecessary obstacles to trade. In their discussions in the Technical Barriers to Trade (TBT) Committee, they will also work on developing guidance on how governments should test and certify products, with the aim of reducing […]
September 23, 2019 9:18 pm by admin

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 […]

Read more
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 […]

Read more
August 24, 2019 10:07 pm by admin



    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 […]

Read more
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 […]

Read more