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  • DDG Wolff: The future belongs to trade agreements of varying geometries August 11, 2020
    The multilateral trading system, along with regional and bilateral trade agreements, all share the task of regulating global trade, Deputy Director-General Alan Wolff said on 11 August. Speaking at a virtual event organized by the American Association of Exporters and Importers on the question of whether the future of trade is multilateral or bilateral, DDG […]
    WTO
  • Online regional trade policy course for Caribbean countries under way August 10, 2020
    The WTO has launched its first online Regional Trade Policy Course (e-RTPC) to ensure that capacity building continues to be provided to government officials despite the COVID-19 pandemic. Twenty participants from ten Caribbean members are attending the e-RTPC from 10 August to 13 November 2020.
    WTO
  • WTO report draws attention to impact of COVID-19 trade disruptions on women August 5, 2020
    Women are likely to be harder hit than men by trade disruptions caused by the COVID-19 pandemic and the dangers are particularly acute in developing countries according to a new information note from the WTO Secretariat. The paper points to how governments’ policy responses could address gender-specific effects of the crisis.
    WTO
  • WTO issues 2020 edition of its flagship statistical publication July 31, 2020
    The WTO issued today (31 July) the latest edition of its annual publication on international trade statistics, the “World Trade Statistical Review”.
    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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