International Business


How Oneport 365 facilitates trade through technology

How Oneport 365 facilitates trade through technology

20th September 2020 – To grow the volume of non-oil export from Nigeria requires investment in logistics infrastructure, which is currently in short supply. However, logistics firms such as Oneport 365 are doing extraordinary things to ensure the country takes its rightful place in export business. The National Bureau of Statistics (NBS) recent statistics show that the value of export trade in the first quarter of 2020 stood at...

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US and China make progress on phase one trade deal

US and China make progress on phase one trade deal

US and Chinese negotiators stressed their commitment to the “phase one” trade deal in a phone call where both sides said they had seen progress, even as relations between the world’s two largest economies deteriorate in many areas. The two countries discussed steps China has taken, including ensuring greater protection for intellectual property rights and removing hindrances to American companies in financial services and agriculture, US Trade Representative Robert...

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Post-Brexit trade deal still possible despite rollercoaster talks

Despite the latest round of UK-EU talks ending a day early, it’s too early to conclude that the chances of a trade agreement are falling. We still narrowly suspect a deal will be forthcoming, but the economic impact will still be significant when the transition period ends later this year n this article UK-EU trade talks have hit a new low Compromise is possible but not guaranteed There are growing...

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Banana Containers Held Up at Customs

Seventy to 80 reefer containers of bananas have been piled up at Iran’s southern ports but the Central Bank of Iran failed to allocate foreign currency needed to start their customs clearance, the head of National Union of Agricultural Products said on Friday.  “The duration of contracts on banana imports is one year; importers sign long-term contracts in line with domestic plans and policies, and thus abrupt decisions cause...

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Supply chain impact of coronavirus increases further

The devastating impact of coronavirus on global trade and supply chains continues to escalate as non-China Covid-19 infections surpass those recorded in China itself. One upshot is that even as cargo availability in China increases, the implementation of social distancing and isolation policies in a bid to contain the spread of the virus threaten economic growth and demand in Europe and North America. Sea-Intelligence’s latest Sunday Spotlight newsletter warned that as...

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New EU Customs Regulation Ends VAT Exemption for under €22 Parcels

Following an amendment to Regulation (EU) 2015/2446 on EU customs rules, from 1 January 2021 it will be possible to declare goods up to €150 with a simplified customs declaration. The existing VAT exemption for goods up to 22 € will thus be abolished – the popular shipments from China with the label “Gift, 10$” will then be a thing of the past. Although all imports into the EU will...

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LOCAL GOODS, GLOBAL REACH: SEDA-COG program director helps firms navigate overseas commerce

LOCAL GOODS, GLOBAL REACH: SEDA-COG program director helps firms navigate overseas commerce

By Rick Dandes Dec 7 2019 / The daily item Once a Valley business decides to enter the global export marketplace, it needs experts like Noelle Long to help them navigate the murky, sometimes choppy waters of international customs regulations, documents, and tariffs. Long, program director for the SEDA-Council of Governments Export Development Program, works with the state to provide services to manufacturing companies, service companies, and higher education to either start exporting products...

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