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  • Items proposed for consideration at the next meeting of Dispute Settlement Body December 18, 2019
    The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 18 December 2019, 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”.
    WTO
  • Report shows trade restrictions by WTO members at historically high levels December 12, 2019
    The Director-General’s annual overview of trade-related developments discussed on 12 December at a meeting of the Trade Policy Review Body shows that trade restrictions by WTO members continue at historically high levels. Between mid-October 2018 and mid-October 2019, the trade coverage of import-restrictive measures implemented by members was estimated at USD 747 billion. This is […]
    WTO
  • Ukraine launches safeguard investigation on syringes December 11, 2019
    On 11 December 2019, Ukraine notified the WTO’s Committee on Safeguards that it initiated on 2 December 2019 a safeguard investigation on syringes.
    WTO
  • Appellate Body issues report regarding Moroccan duties on Turkish steel December 10, 2019
    On 10 December the Appellate Body issued its report in the case brought by Turkey in “Morocco — Anti-Dumping Measures on Certain Hot Rolled Steel from Turkey” (DS513). On 4 December Morocco notified the Appellate Body that it had withdrawn its appeal in this dispute.
    WTO
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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