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
The ongoing conflict in Ukraine and the subsequent sanctions imposed by the EU and its partners have led to a dramatic shift in Russia’s trade relations with the EU and the rest of the world. Prior to the war, Russia was an essential trade partner for the euro area, supplying around a quarter of EU … Read more
A Comprehensive Guide to Help Your Business Thrive in the Global Marketplace In an increasingly globalized world, businesses are looking to expand their reach and tap into the growth potential offered by international markets. Entering new markets can bring increased revenue, access to new customers, and diversification of risks. However, venturing into new territories also … Read more
International trade transactions often require establishing trust and credibility between the parties involved, which can be achieved through providing proof of product (POP) and proof of funds (POF). However, it is important to note that the cost of issuing POF is typically paid by the buyer, while the seller bears the cost of issuing POP … Read more
China’s meteoric rise as a global trade powerhouse has transformed the landscape of international commerce. With its vast consumer market, cost-effective manufacturing capabilities, and ambitious economic initiatives, China presents both unparalleled opportunities and unique challenges for businesses looking to capitalize on its growth. This article will delve into the factors that have contributed to China’s … Read more
E-commerce has revolutionized the way businesses and consumers interact, breaking down geographical barriers and transforming the global marketplace. As digital platforms continue to evolve and gain prominence, understanding the impact of e-commerce on international trade is crucial for businesses looking to adapt and thrive in this rapidly changing landscape. This article will explore how digitalization … Read more
International services trade has become an essential component of the global economy, enabling businesses to access new markets and customers, expand their operations, and create new revenue streams. According to the World Trade Organization (WTO), services trade accounts for more than half of global GDP and employment, making it a crucial aspect of international trade. … Read more