The International Chamber of Commerce have published new Incoterms® 2020 that have come into effect from the 1st of January 2020. The ICC originally published Incoterms® in 1936 and have continually made updates to reflect the changes to the Global Trade environment. It’s important that all parties involved in trade clearly understand the changes and how they apply to global supply chains. Read More »

The most favored nation (MFN) principle is an important rule in global trade. It acts as a non-discriminatory trade policy, meaning a country must give the same trade terms to all its partners. If one country receives a benefit, like a lower tariff, then all trading partners should get the same. This rule helps prevent […] Read More »

China’s export strength fuels global industries, with top markets like the US and Japan. Major sectors include technology, automotive, and textiles. In 2023, China’s trade reached $3,380 billion, underscoring its growing influence in international markets. Read More »

Unloading containers is a crucial step in the shipping process. Shipping containers arrive and need to be carefully unloaded so that the products can be used or onsold into the market. It may seem like a straightforward process, however many steps should be taken to ensure that the goods are unloaded safely and efficiently without causing any damage or problems. Read More »

Many companies ship goods from China to the US because of the low prices and variety of products available. Platforms like Alibaba and Made-in-China make it simple to find suppliers and compare options. With careful planning, businesses can secure quality products while keeping costs under control. Shipping from China to the US can come with […] Read More »

China’s imports are essential to fueling its economy, highlighting its reliance on materials and products from around the world. In this post, we’ll break down China’s main imports and the key countries that play major roles in its trade. Top 10 Product Categories China Imports (2023): Total trade worth of the top 10 commodities: $1,648 […] Read More »

Importers often struggle to keep shipping costs low when importing from China. Rising expenses can squeeze profits and reduce competitiveness. Without a clear plan, small costs quickly add up, cutting into profit margins. Every choice counts, from shipping methods to choosing the right partners. This article covers practical strategies to reduce shipping costs. You’ll learn […] Read More »

Shipping containers are key in global trade. They help move vast amounts of cargo across oceans daily. More than 80% of the world’s goods are transported by sea, with containers handling the majority. There are millions of containers in circulation today, each identified by a unique number. These numbers tell you who owns the container […] Read More »

Protectionism is a term often associated with international trade, and it’s a critical topic because of its impact on how countries interact economically. Governments sometimes adopt protectionist policies to shield their domestic industries from foreign competition. These policies can significantly affect a nation’s economy, influencing prices, job availability, and the overall trade landscape. In this […] Read More »

During the global supply chain process, container seals and their unique container seal numbers are used to ensure the integrity of a shipment, and to identify if a container has been tampered with during transit. Container seals are placed onto shipping containers before shipment, and should remain intact until the container reaches it’s final destination. In international trade, container seals are essential for both security and compliance with customs regulations. They provide shippers, customs authorities, and consignees with peace of mind that the goods have not been tampered with while in transit. Read More »

Comparative advantage is a concept in economics. It explains how some countries can produce goods and services at a lower cost than others. This cost is measured by what is given up to make the product. Even if one country is better at making everything, it can still benefit by focusing on what it does […] Read More »