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01/04/2014
The basic and most common forms of settlement of international trade transactions are open account (where payment on delivery is the most common), documentary collections,…
28/03/2014
We’ll soon be hosting our third installment of our #TradeElite Twitter chat, getting international business professionals talking about the issues that matter in global trade today. During our last chat, Doug Taylor, CITP, led us in a discussion on how to get more SMEs involved in export.
18/03/2014
International trade is a risk/reward business. There can be greater payment, logistical, regulatory and political risks when dealing with overseas suppliers and customers. Nevertheless, your business will reap rewards if you can develop a competitive global supply chain, penetrate profitable export markets with quality products and services, while successfully managing the increased risks.
18/02/2014
Less than a year ago, an excited Megan Malone was selected to be an EDC-FITT intern. She had just graduated from Algonquin College’s FITT-accredited International…
07/01/2014
Business has gone global. That’s hardly news anymore. But for the first time in history, the world marketplace is open all day, every day, unrestricted…
13/12/2013
Trading internationally involves risks beyond the normal risks of doing business in domestic markets. Late or non-delivery of goods, foreign exchange and country risk offer…
10/12/2013
Until recently, neither Ahmed Awnie Abdulateef nor anyone at his company had ever heard of a commercial line of credit. The concept simply doesn’t exist in their home country of Iraq.
30/08/2013
The biggest mistake you can make in international trade is jumping in head first without having done your homework. And while engaging in global business can be rewarding and lucrative, having a lack of understanding of all the factors and costs involved can lead to problems that are both stressful and expensive.
21/06/2013
Megan Malone received the good news that she was selected to be this year’s EDC–FITT intern while on a micro-enterprise development internship in Rwanda. “I…
06/06/2013
The ability (typically, but not exclusively) for exporters to offer “terms,” or a financing package, to importers to close the sale is increasingly common in…
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