The COVID-19 pandemic has had a significant impact on global supply chains, upending trade, and slowing growth. Due to the pandemic, China, known as the ‘factory of the world’ shut factories and production lines, battering supply chains. This created a domino effect with businesses struggling to finish products and source raw inputs. Moreover, the US-China trade war was already …
In a 2020 world full of surprises, here’s another one: when we were all focused on the COVID-19 third wave, renewed lockdowns, the United States’ election drama, Brexit, trade friction and weighty social issues, out of the blue came the signing of a new trade deal. And this one is no minor footnote; it’s the …
Vietnam’s top leaders have resolved to become at least a middle-income country over the next five years by attracting more foreign investment in manufacturing. A deputy planning minister said that Vietnamese people should earn around $5,000 per year on average by 2025, up from $2,750 now. Vietnam would reach that milestone — middle income or …
Vietnam plans to become solid middle-class economy by 2025 Read More »
Using free trade agreements (FTAs) to your advantage can seem complicated at first, but there are many benefits to leveraging them within your export strategy. Through FTAs, Canadian businesses have gained preferential access to nearly 90% of export markets, or about 1.5 billion potential customers worldwide. Canada is an internationally respected trading nation and the leading …
Increase your exports with free trade agreements Read More »
The exciting part of international business and trade, some will suggest, is in the development and entry into new markets, in the enrichment that comes from experiencing different cultures and navigating the challenges of doing business in new environments. Certainly not in the area of finance! The reality is however, that you can get everything …
The impact of trade finance on your international business and supply chain Read More »