Dubai Customs has recorded a remarkable increase in customs transactions, reaching a record of 7 million transactions in the first quarter of 2023. This milestone is part of the Dubai Economic Agenda D33, an initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler … Read more
In the era of digital globalization, dumping has taken on a new form. With the emergence of new technologies, the game has changed and companies can now use digital tools to identify markets where demand is high and costs are low. This has led to an increase in the number of products being sold in … Read more
In this article, we will explore the most commonly used abbreviations in international trade, providing you with a thorough understanding of the terms and their implications. Each abbreviation will be concisely explained in one or two paragraphs, giving you a clear and accessible resource for navigating the complex world of global commerce. Read on to … Read more
Customs procedures and documentation are critical aspects of international trade that every exporter and importer must understand and comply with to ensure the smooth movement of goods across borders. Each country has its unique set of customs regulations, which can make the process complex and time-consuming for busy traders. This comprehensive guide provides a country-by-country … Read more
Introduction As the world becomes increasingly interconnected, global trade offers significant opportunities for small businesses to expand their reach, diversify their customer base, and boost their revenue. However, navigating the complexities of international markets can be challenging. In this article, we’ll explore top strategies for small businesses to maximize profits in global trade and overcome … Read more
Introduction to INCOTERMS International trade involves a range of risks and uncertainties that can impact the profitability of your business. One of the key challenges in international trade is determining the terms of the transaction, which include the price, quantity, and delivery terms. This is where INCOTERMS come in. INCOTERMS are a set of standardized … Read more
International trade is often described as a complex web of regulations, taxes, and tariffs imposed by different countries. Despite the complexity, global customs legislation remains a vitally important part of conducting cross-border commercial activities. Negotiating the complexities of the international trade field is necessary to ensure that both countries comply with their existing trade rules … Read more
As global commerce continues to merit more attention and resources, understanding the basics of customs operations is becoming increasingly important. Knowing the principles of import and export compliance and related regulations is mandatory for conducting business successfully on the international stage. This beginner’s guide to customs operations worldwide will help introduce prospective business owners, students, … Read more
