Are there any differences between MMBL and CTD?

Exporters and importers would like to do their business as efficient as possible in today’s global economy in order to be staying competitive and profitable.

International logistics companies have long ago understood this situation and took necessary steps.

Growing freight forwarders presence in global transportation sector was the ultimate response.

Freight forwarders’ role is very simple in an international transaction where only single mode of transport is used.

They buy bulk spaces from the transport companies and sell them to exporters and importers in small quantities.

Multimodal Transport

Letters of Indemnity for Telex Release of goods

If a negotiable bill of lading has been issed in an international trade transaction, then importers have to present to the carrier’s agents at the port of discharge one original copy of bill of lading in order to receive the goods.

If buyers could not present this original bill of lading than the shipper may have to fill a document called letter of indemnity to have the goods released without surrender of the original bill of lading. 

This article explains the issuance process of letter of indemnity and telex release of goods.

Top 5 Regional Trade Agreements in the World

In general countries make the majority of their international trade with their close neighbors.

For example the USA makes 29% percent of its total exports to Canada and Mexico while 27% of its total imports from these two close neighboring countries.

Similarly the UK makes 25% percent of its total exports to Germany, France and Netherlands while 26% of its total imports from these three close neighboring countries. These examples can be extended.

Regional Trade Agreements have been set up between close countries with the aim of increasing trade between member states by reducing or eliminating tariffs, quotas and other non-tariff barriers.

Top 10 Exporting Countries in 2012

WTO (World Trade Organization) published its International Trade Statistics 2013 recently. 

On this publication we can find invaluable information regarding the current status global trade. 

International Trade Statistics is the WTO’s annual compilation of global trade statistics. 

They have been published online since year 2001. As these statistics are collected by WTO they are the best available source in terms of reliability.

Important Note : Figures show only merchandise exports excluding exports of services. Al data gathered from International Trade Statistics 2013 published by WTO (World Trade Organization).

Non-tariff barriers in international trade

What does non-tariff barrier mean in international trade?

Contemporary Economic Development Strategies in today’s global business system encourage countries to do more exports and fewer imports to achieve a sustainable development. 

Especially less developed countries that could not reach adequate export levels try to limit their imports in an aggressive ways. 

As tariffs have been decreased by WTO agreements all around the world now the only choice left for these kinds of countries that can be used to restrict the import is Non-tariff barriers (NTB).