Unlocking Your Business Potential
Can I import coffee to USA? There are no restrictions or quotas on coffee, tea, and spices whether bottled, brewed or packaged, which means there is no limit to the amount you can import into the U.S. However, some products which contain these items may be subject to some restrictions or special duties (e.g. sauces, … Read more
Who exported spices? Exports In 2019 the top exporters of Spices were China ($737M), India ($388M), Netherlands ($195M), Germany ($124M), and Turkey ($112M). Imports In 2019 the top importers of Spices were United States ($307M), Netherlands ($169M), Germany ($159M), Saudi Arabia ($129M), and United Kingdom ($120M). Read more on oec.world Since ancient times, spices have … Read more
Who bears the risk in CIF? seller CIF Costs, Insurance and Freight (designated place. Namely, although the buyer bears the risk of loss or damage to the goods, the seller must insure the goods at his own expense during transport from the risk of loss or damage, for the account of the buyer, or for … Read more
How can I start a career in international trade? Here are five steps you can take to pursue a career as an international trade specialist: Earn a bachelor’s degree. Consider pursuing a master’s degree. Complete an internship. Become certified. Gain relevant industry experience. Analytical skills. Written and verbal communication. Cross cultural communication. Read more on … Read more
Is there money in import export? The profit of the import/export business is in the quantity of the goods traded. The higher the cost of the merchandise, the higher the profit from your percentage. Since you need to go through all the steps for each transaction, having more sales on a continual basis simply adds … Read more
How much should I pay for IEC code? IEC code number registration fee is worth Rs. 250.00 and can be pay via EFT (Electronic Fund Transfer), and submit IEC Online Application form. For an instant, the physical application containing required documents should reach DGFT RLA concerned within 15 days of its online submission. Read more … Read more
What is FOB value? FOB Value = Ex-Factory Price + Other Costs. (b) Other Costs in the calculation of the FOB value shall refer to the costs incurred in placing the goods in the ship for export, including but not limited to, domestic transport costs, storage and warehousing, port handling, brokerage fees, service charges, et … Read more
A small Central American nation called Guatemala is renowned for its vibrant culture, breathtaking scenery, and agricultural output. With a population of about 18 million, the nation’s economy is mostly dependent on agriculture. Coffee is one of Guatemala’s most important exports. Among other things, Guatemalan coffee is one of the most popular imports to the … Read more
What are tariffs? Tariffs are duties on imports imposed by governments to raise revenue, protect domestic industries, or exert political leverage over another country. Tariffs often result in unwanted side effects, such as higher consumer prices. Read more on www.investopedia.com Tariffs are levied by governments as taxes on the products and services that are brought … Read more
The exchange of commodities and services between nations is referred to as international trade. The ability of firms and governments to trade with one another is made possible by a number of elements, which ease this exchange. There are five key components to international trade, and each one is crucial to its efficient operation. The … Read more