Resources

What is the WTO? The World Trade Organization (WTO) is the only international organization that deals with the rules that govern trade between countries. The pillars on which they rest are the WTO Agreements, which have been negotiated and signed by the vast majority of countries participating in world trade and ratified by their respective...

London will once again host the most important international Food and Beverage fair in the United Kingdom and the international market. With more than 40 years of existence, it has managed to become an international benchmark in the food and beverage sector. Offering both buyers and suppliers from 91 countries, effective and high-quality connections,...

The Rotterdam Agreement entered into force in 2004. The Convention seeks to promote shared responsibility and joint efforts of the Parties in the international trade of certain hazardous chemicals, in order to protect human health and the environment. Its main objectives are: To promote shared responsibility and joint efforts of the Parties in the...

MERCOSUR's goods exports surged by 18.2% in 2022, surpassing their 2019 levels by an impressive 43.9%, driven by soaring commodity prices linked to the Ukraine conflict. These figures were revealed in a new report by the Economic Commission for Latin America and the Caribbean (ECLAC). The report also disclosed that import values saw significant growth,...

Foodex Saudi is Saudi Arabia's leading international trade fair 100% dedicated to the food and beverage industry. Each year, the exhibition showcases more than 600 exhibiting brands from around the world. Theme Saudi buyers from the food mass distribution, retail, manufacturing and hospitality sectors will have the opportunity to source products...

Under the Delivered Duty Paid (DDP) Incoterm rules, the seller assumes all responsibilities and costs for delivering the goods to the named place of destination. The seller must pay both export and import formalities, fees, duties and taxes. The seller is not obligated to insure the goods for pre-carriage or main carriage. The buyer is free of any...

When goods are bought or sold “Delivery at Place” (DAP) it means that the Seller delivers the goods to a place previously agreed to by the seller and the buyer. This can be any location. The agreed place of delivery (e.g. the terminal) needs to be specifically named. The buyer then takes care of the import formalities and transportation to the final...

Incoterms, short for International Commercial Terms, are a set of standardized rules established by the International Chamber of Commerce (ICC). They define the responsibilities, risks, and costs associated with the transportation and delivery of goods in international trade. Incoterms are widely used to clarify the obligations of buyers and sellers in...