Euro Exim Bank is transforming international trade for importers with its innovative LC services, offering a secure, efficient, and flexible payment mechanism in a volatile economic landscape...........
international trade
3 posts
In the ever-evolving landscape of international trade, the ATA Carnet has emerged as a pivotal instrument, streamlining the temporary import of goods across borders. Coined as a "Passport for Goods" by the International Chamber of Commerce (ICC), this document has transcended mere paperwork, becoming a catalyst for efficient, duty-free, and tax-free transactions globally. In a recent groundbreaking development, the ICC announced a paradigm shift—the world's first fully digital ATA Carnet, signaling a monumental leap towards modernizing global trade practices.
As we delve into September, the maritime industry is gearing up for a dynamic period with shifting tides in international shipping. August ushered in a seasonal surge in freight rates, aligning with the pre-Q4 demand peak in Western economies, driven primarily by the impending Christmas season. While this retail-driven demand boost has energized various ocean freight sectors, such as dry bulk, the third quarter of 2023 has left many stakeholders feeling uncertain about pricing.