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  • Members pursue convergence for an IP COVID-19 response October 14, 2021
    At a meeting of the Council for Trade-Related Aspects of Intellectual Property Rights (TRIPS) on 13-14 October 2021, WTO members noted encouraging exchanges at recent small group discussions and bilateral meetings which helped to identify points of convergence on how to provide a common intellectual property (IP) response to COVID-19. The chair of the TRIPS […]
    WTO
  • Turkey launches safeguard investigation on grinding balls and similar articles for mills October 13, 2021
    On 13 October 2021, Turkey notified the WTO’s Committee on Safeguards that it initiated on 9 October 2021 a safeguard investigation on grinding balls and similar articles for mills.
    WTO
  • Trade Policy Review: Republic of Korea October 13, 2021
    The eighth review of the trade policies and practices of the Republic of Korea takes place on 13 and 15 October 2021. The basis for the review is a report by the WTO Secretariat and a report by the Government of the Republic of Korea.
    WTO
  • WTO briefs members and observers on COVID-19 related initiatives and analysis October 12, 2021
    Over 180 representatives from 111 members and observers participated on 12 October in a virtual information session on the WTO Secretariat’s work to support equitable access to COVID-19 vaccines.
    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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