Our Articles

Enjoy,comment and share

RSS World Trade Organization — Latest news

  • Japan initiates WTO dispute complaint against Chinese steel duties June 15, 2021
    Japan has requested WTO dispute consultations with China concerning anti-dumping measures imposed by China on certain stainless steel products from Japan. The request was circulated to WTO members on 15 June.
    WTO
  • EU donates EUR 1 million to enhance developing countries’ negotiating skill-set June 15, 2021
    The European Union has contributed EUR 1 million (just over CHF 1 million) over the period 2021-2022 to help developing countries and least-developed countries (LDCs) participate effectively in global trade negotiations. This donation to the WTO’s Global Trust Fund will finance training and other capacity-building activities for government officials to help them better understand and […]
    WTO
  • DG Okonjo-Iweala welcomes resolution in US-EU aircraft subsidy disputes June 15, 2021
    Director-General Ngozi Okonjo-Iweala issued a statement on 15 June in response to the announcement by the European Union and the United States regarding their WTO disputes over subsidies for large civil aircraft.
    WTO
  • WTO members urged to hasten towards fisheries subsidies compromise in stocktaking meeting June 14, 2021
    WTO negotiations on fisheries subsidies have progressed ahead of the 15 July meeting of ministers, but gaps remain and much is left to be done to secure an agreement, Dr Ngozi Okonjo-Iweala, Director-General, told heads of delegations on 14 June. Members would do well to demonstrate flexibility in the coming meetings as work continues to […]
    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 […]

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



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 […]

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