The largest 2nd group, which includes the vast majority of countries in Asia, Africa, Latin America and Oceania. Overall, these countries account for 61% of the world’s territory and about 75% of the world’s population, but only 15.5% of manufacturing output. Young countries produce 15-16 times less industrial output per capita than developed countries. In […]
Tag: Export
The essence and main forms of international economic relations
The process of development of the world economy is closely interrelated with the evolution of the development of international economic relations. International economic relations (IER) and the world economy are in a close logical and historical relationship. IEOs are a prerequisite for the formation of the world economy, and in the twentieth century they have […]
The essence of the basic terms of delivery, the purpose and objectives INCOTERMS
A foreign trade contract of sale, as a rule, involves the movement of goods over a fairly significant distance. When concluding this contract, therefore, it is always necessary to carefully regulate the issues of delivery of goods from the seller to the buyer, its loading, insurance, etc. In the practice of international trade, a number […]
Packaging & Labeling
In cases where packaging is required by the type of goods, a condition is included in the contract containing an indication of the type and nature of the package, its quality, size, method of payment, as well as the application of each labeling place to the package. The definition of the type of packaging depends […]
Terms of payment
When determining the terms of payment, the contract usually establishes: the currency of payment, the payment term, the method of payment and the form of settlement, as well as reservations for reducing or eliminating currency risk. At the conclusion of the contract of sale, it is established in which currency the payment for the goods […]