Introduction to Trade

Dumping and countervailing duties are very important tools for protecting local traders. They're imposed on goods imported into any market, like the US Trade Deficit Act allows governments to create an incentive or safeguard program which helps them maintain their...

What are Export Control Classification Numbers? An Export Control Classification Number (ECCN) is an alpha-numeric code that identifies items for export control purposes. The ECCN is used to determine whether an export license is required from the U.S. Department of...

Free Trade Zone (FTZ) You may be wondering whether you should set up a Free Trade Zone (FTZ) if you want to invest in a firm or move your production overseas. FTZs are locations where goods can be imported and manufactured without being subject to customs duties or...

What is a forfaiter? As an exporter, you may be looking for ways to reduce the risk of non-payment by your importer. One solution is to engage a forfaiter. A forfaiter is a party that facilitates a forfaiting transaction, and can either be an individual or a company....