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29/05/2015
Commercial risk is on of the greatest financial risks facing exporters and importers alike. Fortunately there are a number of good sources of commercial risk information that businesses looking to go global can use to make their decisions.
28/05/2015
The “Rules of Origin” under NAFTA are the criteria used to determine the country of origin of a product that is being imported or exported within the NAFTA region.
As part of NAFTA, the United States, Canada and Mexico (the “Parties”) have all agreed to reduce and/or eliminate tariffs on goods that originate from their respective territories. However, the Parties continue to apply significantly higher tariffs to goods that do not originate in one of the NAFTA countries.
27/05/2015
In 2014, bilateral trade between Hong Kong and Canada was valued at US$4.6 billion, with exports reaching US$2.9 billion and imports worth US$1.68 billion last year. It turns out a lot of Canadians are doing business in Hong Kong.
27/05/2015
Stephanie Kam, CITP|FIBP is a Senior Consultant Project Finance with CPCS Transcom Limited, where she specializes in project finance and legal issues surrounding international infrastructure projects. She is an ambitious, motivated individual who has a passion for experiencing the world through travel and working with people from different cultures. It is largely this attitude that is responsible for inspiring her career in international trade.
26/05/2015
Leading a business in the local market is like swimming in a fishbowl, but global business leadership is more comparable to swimming in the ocean. What you learned while swimming in the bowl is not enough.
25/05/2015
The U.S. imported $232.9 billion worth of goods $187.8 billion, while only exporting $187.8 billion, resulting in a U.S. trade deficit of $51.4 billion. This deficit marked an increase of $15.5 billion – or 43.1% – over February 2015 numbers.
25/05/2015
Michelle is excited to channel her passion for both international trade and Oxford Frozen Foods, where she works as the Sea Freight and Customs Assistant, to continue to take on new challenges in her career.
22/05/2015
South Africa’s inclusion in the U.S. African Growth and Opportunity Act (AGOA) trade agreement is less than certain after a protracted battle between South African and American poultry associations over South Africa’s imposition of duties on U.S. chicken. The squabble over chicken has led some U.S. lawmakers to suggest that South Africa be placed on a three-year probationary period, with reviews every six months, once the AGOA is renewed for a 10-year term.
21/05/2015
There are many rewards to expanding business globally. Increasing global exposure, market share and profitability are just a few of the many good things that can happen. One major roadblock preventing organizations from growing their businesses in a new export market is the inherent risks involved.
20/05/2015
Sonia Mancuso Root, CITP®|FIBP®, is Vice President of Business Development at Agrisource Food Products Inc., a world-class broker and distributor, where she helps companies manage their offshore arrangements and keep their supply chains running smoothly.
She has over twenty-five years of experience in international business and has been a CITP®|FIBP® since 2009. She credits the practical skills gained through her education and her linguistic abilities with her success in the industry.
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