Category: Trade Terminology

6-steps to success in export business

6-steps to success in export business

While there are 365 different ways of approaching exports, some basic tenets remain unchanged regardless of the country or culture that a business originates from. Listed here are some of the key elements that an entrepreneur must focus on before getting on the bandwagon of export-import business.

What is Product Certification?

What is Product Certification?

We’ve all noticed the growing number of symbols that seem to pop up overnight on consumer products. Labels touting “organic,” “fair trade,” “shade grown,” “bio-based,” and “energy star,” are there to reassure shoppers that they are buying a more premium product. But are consumers really buying into the claims? And is it really worth it … Continue reading What is Product Certification?

INCOTERMS you must know if you are importing or exporting

INCOTERMS you must know if you are importing or exporting

Entering the world of international trade can be exhilarating, profitable and confusing. When you’re just getting started connecting with buyers and sellers, you may notice a lot of acronyms in their listings. Industry shorthand such as DA, DP, DAP, DDP and LC can feel like an overwhelming alphabet soup of terms to learn at first. … Continue reading INCOTERMS you must know if you are importing or exporting