International commerce is a labyrinth of processes and protocols, with every item shipped from one country to another being subject to regulations. A significant component of this complex system is the use of tariff codes, or Harmonized System (HS) codes, an international nomenclature developed by the World Customs Organization (WCO) for the classification of products. … Read more
In the landscape of international trade, Argentina shines as a powerful player in the production and exportation of agricultural commodities. Often overshadowed by the country’s prowess in soy, corn, and wheat, lies a golden nugget that represents both economic potential and food security — the humble peanut. Notably, in the heart of Argentina, the province … Read more
Beef trade has always been a significant part of international commerce, contributing substantially to the economic growth of several nations. However, the global market for beef by-products, including Viliari Calculus or gallstones, and other offal items, such as beef booklet, has been less frequently highlighted. These unconventional beef derivatives offer untapped potential and are increasing … Read more
The Ongoing Blockade of Ukrainian Ports The grain corridor, a vital trade route for Ukraine’s agricultural exports, has once again been subjected to a blockade, causing significant disruptions in international trade. On May 30-31, only one ship was allowed to pass through the corridor, and on June 1, no ships were permitted entry, effectively halting … Read more
The global corn market is a complex and constantly changing landscape, shaped by a myriad of factors ranging from weather patterns to international trade agreements. In this article, we delve deeper into some of the key elements currently impacting corn prices, with a particular focus on the US and Brazil. We also examine the role … Read more
Argentina’s New Import Regulations The Argentinian government has recently imposed more restrictions on foreign trade, a move that has raised concerns among experts and industry professionals. A new resolution (26/2022) has been enacted, significantly increasing the number of items subject to non-automatic licenses (LNA) for importation, adding more permissions and bureaucracy for certain goods to … Read more
The first quarter of 2023 has seen a significant rebound in international trade, particularly in the G20 nations. This article delves into the latest statistics released by the Organisation for Economic Co-operation and Development (OECD), highlighting key trends and their potential implications for the global economy. G20 Merchandise Exports Witness a Rebound In Q1 2023, … Read more
The Landscape of E-commerce in Europe The European Union, with its 27 member states and over 500 million consumers, represents one of the largest markets in the world. The rise of digital technologies has significantly transformed the landscape of international trade, with e-commerce playing a pivotal role. In 2020, 25.5% of e-commerce in Europe was … Read more
International trade is undergoing a seismic shift thanks to the rapid advancements in technology, with India taking a pole position in this transformative journey. This observation was shared by Sunil Barthwal, Secretary of the Department of Commerce, during a recent media conference. This conference was organized in conjunction with the G20 Meeting on Trade and … Read more
Understanding Japan’s Business Culture Japan’s business environment is characterized by meticulous attention to detail, formal politeness, a preference for group consensus, and high standards of professionalism. Understanding and respecting these norms is vital to successful business interactions in Japan. Japanese businesspeople place a high value on trust and personal relationships. This might involve several meetings, … Read more