International Trade Finance Answer 1 Negotiations on Documentary Collections and Factoring of Export Debts. TTL has always followed straight documentary collection - documents against payment‚ however with credit being expensive in most global markets‚ TTL providing its overseas customers with alternative payment solutions would give its company a strong edge‚ in the competitive footwear business. Documentary collection‚ credit pros with an intermediate level of risk‚ there are two types
Premium Legal documents International trade Commercial item transport and distribution
RUNNING HEAD: Trade Paper Trade Paper Bethany Cantrell Economics‚ Semester 2‚ Block 2nd Mrs. Combs April 30‚ 2014 Free trade is something every country should be involved in. Free trade is the unrestricted purchase and sale of goods and services between countries without the burden of constraints such as tariffs‚ duties and quotas (Investopedia‚ n.d.). Free trade is important for three reasons. It increases competition‚ it minimizes war‚ and
Premium International trade Free trade
INTERNATIONAL ARBITRATION (1) In an international commercial arbitration‚ parties usually involve a third party‚ i.e. someone who is neutral‚ (arbitrator) and the neutral party is entrusted with the responsibility of resolving the dispute. The authority of the arbitrator is derived not from a court system‚ but from the consent of the parties as stipulated in their contract‚ or mutual agreement. It is imperative to note here that the court can enforce the decision or ruling of the arbitrator
Premium Arbitration Mediation Court
BTW3201 International Trade Law Assignment 2 Jesse Cooper‚ 21476608 Part A: On the face of it‚ or prima facie there are three issues that are raised in this case. Firstly‚ the jeans were delivered late; secondly‚ the jeans were mouldy and stained; and finally‚ an incorrect number of jeans were delivered. In order to determine the rights and obligations of Punked Jeans‚ and which remedies could be availble‚ there are a number of steps to be taken. What are the governing laws of
Premium Common law Contract Contract law
Risks in International Trade & Mitigating Measures What are the different types of risks in international trade? For buyers and sellers that are engaged in international trade‚ they may experience one or more of the following risks: * Buyer’s Insolvency/Credit Risk * Buyer’s Acceptance Risk * Knowledge Inadequacy * Seller’s Performance Risk * Documentation Risk * Economic Risk * Cultural Risk * Legal Risk * Foreign Exchange Risk * Interest Rate Risk * Political/Sovereign
Premium Multinational corporation Risk Foreign exchange market
AFTA (ASEAN Free Trade Area) ASEAN Free Trade Area (AFTA) is a trade bloc agreement by the Association of Southeast Asian Nations supporting local manufacturing in all ASEAN countries. The ASEAN Heads of State and Government decided to establish an ASEAN Free Trade Area or AFTA in 1992. The objective of AFTA is to increase the ASEAN region’s competitive advantage as a production base geared for the world market. A vital step in this direction is the liberalization of trade through the elimination
Premium European Union World Trade Organization International trade
ANNUAL REPORT 2011 - 2012 Trends in India’s Foreign Trade India’s Trade Performance India’s merchandise exports reached a level of US $ 251.14 billion during 2010-11 registering a growth of 40.49 percent as compared to a negative growth of 3.53 percent during the previous year. India’s export sector has exhibited remarkable resilience and dynamism in the recent years. Despite the recent setback faced by India’s export sector due to global slowdown‚ merchandise exports recorded a Compound Annual
Premium International trade Export Balance of trade
EMPIRICAL ANALYSIS OF THE IMPACT OF TRADE ON ECONOMIC GROWTH IN NIGERIA AN EMPIRICAL ANALYSIS OF THE IMPACT OF TRADE ON ECONOMIC GROWTH IN NIGERIA MIKE I. OBADAN DEPARTMENT OF ECONOMICS AND STATISTICS UNIVERSITY OF BENIN BENIN CITY AND OKOJIE‚ I. ELIZABETH DEPARTMENT OF ECONOMICS AND STATISTICS UNIVERSITY OF BENIN BENIN CITY ABSTRACT Many economists generally agree that openness to international trade accelerates development. The relationship between trade and growth is envisaged through
Premium Economics Investment Economic growth
............3 What is Globalization....................................................4 The engines for Globalizations…………………..……5 Globalization’s impacts on international business…..7 The road ahead for international business……..……9 Summary…………………………………….………..11 Reference………………………………..……………12 Introduction Every day we hear it on the news‚ read it in the papers‚ overhear people talking about it… and in every single instance the word globalization seems to have a different
Premium Economics International trade Globalization
ESSAY TOPICS FOR IBM‚ AY2012-13 Example for group discussion: “The study of international business is fine if you are going to work in a large multinational enterprise‚ but it has no relevance for individuals who are going to work in small firms.” Evaluate this statement. Choose ONE essay question (or topic) below‚ and answer it carefully: 1. Conduct a PESTAL analysis for the airline industry‚ focusing on Europe. 2. What are the advantages of a joint-venture entry mode for Starbucks over entering
Free Globalization Corporation Times Roman