Early Beginnings of Trade The history of international trade dates back to prehistoric times when prehistoric people traded goods and services to satisfy their respective needs. The first international traders were the merchants of the East Mediterranean coast, who bought and sold goods to other nations as early as 3,000 BC. The Silk Road, a … Read more
Reigniting the Flame: High-Level Economic Talks Resume The diplomatic journey between China and Australia has been nothing short of a rollercoaster ride. Yet, a fresh gust of optimism is blowing across the diplomatic corridors with the recent visit of Australian Trade Minister Don Farrell to Beijing. This visit marked a significant milestone in the recovery … Read more
International E-commerce Tax Landscape The international landscape of e-commerce taxation is evolving rapidly. Governments globally are striving to unearth hidden treasures in the form of taxes from the internet cloud, driven by the United States, European Union, and the Organisation for Economic Co-operation and Development (OECD). The United Nations aims to enhance this effort even … Read more
The international trade of agricultural commodities involves complex transactions, with buyers and sellers negotiating various aspects, including payment terms and quality inspections. One critical aspect to consider is the timing and location of payments and inspections for agri-commodities. This article discusses the main reason why agri-commodity payments should be made at the port of loading … Read more
Confidentiality Challenges in Commodities Trading Commodities trading is an intricate business that requires trust between buyers and sellers. To establish trust, buyers often request past performance reports from sellers. However, due to confidentiality concerns, it may be challenging for sellers to provide these reports without breaching confidentiality. The International Chamber of Commerce (ICC) rules on … Read more
Closing a Tax Loophole Brazil’s government has taken a significant step in its efforts to target purchases from global retail giants, particularly Asian e-commerce behemoths, by announcing the end of a tax exemption on international orders worth up to $50. This move comes as the country’s revenue service aims to clamp down on fraudulent practices … Read more
The Department of Treasury’s recent guidance on rules for the Inflation Reduction Act’s (IRA) clean vehicle tax credits has raised concerns about the executive branch’s authority to enter into and define free trade agreements. This article aims to provide a comprehensive understanding of free trade agreements, the constitutional powers granted to the executive branch in … Read more
In the world of commodities trading, where large transactions are the norm, ensuring the security and efficiency of payments is crucial. A commission paymaster plays a vital role in facilitating this process by managing the distribution of commissions to intermediaries involved in the transaction. In this article, we will discuss the role of a commission … 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 December 2020, the European Union, together with 17 other countries, including the United States, Canada, Japan, and Australia, adopted a new Code of Conduct on Export Controls and Human Rights (ECHRI). The ECHRI Code of Conduct aims to balance national security concerns with the protection of human rights in the context of international trade. … Read more
