Raboso Wine characteristics and history

Raboso Wine: characteristics and history

Raboso wine is made from the grape that bears the same name. The raboso grape is a very old red grape variety with marked acidity.

This grape is native to the Veneto region. There it is known as Raboso Piave and, descending directly from this variety, we find the Raboso Veronese.

What is Raboso wine?

Some say that the untamed and tough character of this wine is a reflection of the people who live in this region of eastern Veneto, near the Piave River.

The Raboso vineyard is capable of withstanding the adversities of the area, and that is why it has come down to us stronger than ever.

This has meant the passage of this variety from the table of local workers to the most prestigious restaurants.

This wine is alien to fashion; it has a powerful character of its own with deep roots in the history of its land.

Characteristics

The raboso wine is a wine with excellent acidity that presents long-lasting and rustic tannins. This provides very authentic wines, ideal for those who seek terroir in its purest form, as this wine stands out precisely for that, because it reflects the properties of the land in which its grapes are grown.

Among the varieties of raboso wine, we find dry reds under the D.O. C. Piave, which are wines aged in barrels that provide a high impact of acidity and tannins.

Within this variety is the D. O. C. G. Malanotte, which presents a mixture of fresh grapes with raisins aged in wood.

These Malanotte wines, unlike those of the classic Piave appellation, are more friendly and enveloping.

The raboso vine has a large, winged and long raceme. It is composed of berries with thick bluish-black skin and medium size. Its flavor is somewhat sweet but harsh on the finish.

The intense ruby ​​red color and the aromas of red fruits and berries are characteristic of the wines made with this grape.

It is an ideal wine to pair with game meats, red meats, aged cheeses and grills. It also accompanies risottos very well thanks to its acidity and tannic taste.

It’s also a wine made from late-ripening and flowering vines, with a high aromatic potential and a medium-high alcoholic strength.

History of the Raboso wine name

There are several possibilities as to the origin of the name of the raboso wine.

On the one hand, it can refer to a tributary of the river Piave, although, on the other hand, there are those who maintain that the Venetian name “rabbioso” is due to its indomitable attitude and its strongly acid taste.

Despite being the raboso grape one of the least known, it is, after the corvina, the native variety of red grape most representative of the Veneto area.

To be more exact, this variety corresponds specifically to the eastern part of the region, the Plain du Piave, to which the hills overlooking the Alps give way.

This plain of the Piave descends directly towards the Venetian lagoon. It is an area where the rain is frequent and abundant and the soil is alluvial, so the grapes grown there are rustic and resistant.

For this reason, this variety of grape is one of those that has a later maturation, which becomes a more robust and concentrated variety.

Did you know about the existence of Raboso wine?

Block-chain benefits in foreign trade

Block-chain benefits in foreign trade

Block-chain technology provides key functional functions that adapt to the supply chain environment and business needs in international trade and transportation.

  • Transparency
  • Auditable by third parties
  • Immutable data
  • Scalable
  • Safety
  • High degree of automation

But what do these technical characteristics mean in terms of applications and improvements to current processes?

In terms of applications, Block-chain in international trade and transportation could solve.

5 key business of the Block-chain

1. Transparent and secure paperless trading with Block-chain:

Including bills of lading, certificates and letters of credit.

Provides access to the document path and any changes to these documents, whether they are purchase orders, reservations, or invoices.

It ensures the authenticity and integrity of the documents, as well as the transfer of title. An immediate value is avoiding fraud in double billing factoring, for example.

2. Easy procurement and contracting:

The contract can be registered and converted into a “smart contract” * to allow control and automation of its execution.

Block-chain guarantees the irrevocability of these contracts.

These smart contracts can include self-executing features, including payment obligations at the granular level.

Reservation cancellation fees, as well as detention and stay expenses can be invoiced and paid in a clear and consensual way with the potential use of cryptocurrencies.

Block-chain can manage and process warranty claims quickly and automatically.

3. Real-time traceability of goods:

As well as certification of data such as certificate of origin or proof of delivery. Record digital and verifiable events.

The ability to verify the origin of products and their execution in transportation is valuable.

Especially for sensitive cargo such as medicine, food and some consumer goods.

Banks, insurance companies, customs and cross-border agencies can get immediate value in these applications.

4. Real-time traceability:

Of transactions and their correspondence with physical flows.

It can be of great help in automating business finance and asset-based inventory financing.

5. Distribution of information to a network of partners through direct processing:

This without the need for data alteration. It enables collaboration platforms and data pipelines.

Saves time and improves data quality, avoiding multiple data transfers or entries, and reduces the risk of disclosure.

Some applications can be seen in cargo release at terminals, for example.

There are multiple initiatives carried out by large companies or startups in these key fields.

However, Block-chain technology is still not enough in certain areas.

These are the challenges that will be addressed in the coming years in order to have a full implementation beyond simple proof of concept.

The main obstacles are:

  • Lack of strong governance, legal framework, and compliance
  • Lack of data controls
  • Need for standardization
  • Management of related costs and business models
Wine and weather how the quality is affected

Wine and weather: how the quality is affected

Wine and weather maintain a deep relationship that begins in the location of the vineyards, continues both in the choice of the varieties planted and in the final maturation of the grapes each year and ends in the characteristics and styles of the wines that are made with them.

Wine and good weather

The final objective of viticulture is to obtain a harvest of quality grapes, that is, healthy and ripe, that allow the production of wine.

To obtain these grapes we need vines that each year can grow and develop until their vegetative cycle is complete.

In order to complete this process, the vine needs five basic elements. The heat, of fundamental importance, the solar light to combine carbon dioxide and water during photosynthesis and the nutrients that it obtains from the soil.

Of all the above, temperature is the most important individual climatic element for the development of the vine since a prolonged period of mild average temperatures is required to achieve adequate maturity of the grapes.

This climatic requirement is what decides the distribution and location of the vineyard throughout the planet.

The great wine-growing regions are located in two wide strips of surface that are known, from the point of view of the weather, as the Temperate Zone of the Earth.

  • One in the northern hemisphere, which goes from the Arctic Circle to the Tropic of Cancer, occupying vineyards between 32º and 51º latitude.
  • Another in the southern hemisphere, which goes from the Antarctic Circle to the Tropic of Capricorn, occupying vineyards between 28º and 42º latitude.

This uneven distribution of latitudes is mainly explained by the difference in landmass in both hemispheres.

Cooler weather vineyards produce many of the most prestigious drinks

In vineyards located in cooler weathers, maturation is the key factor year after year.

The varieties that are planted are mainly of shorter maturation cycle and of earlier maturation, to avoid the spring frosts and the rains and colds of the autumn that can diminish or ruin the harvest.

In principle, these climatic conditions are more suitable for planting white varieties.

The vegetative cycles of the selected varieties must perfectly match the climatic conditions to obtain quality fruit.

These regions tend to have a high daily temperature range in the vineyard. In these areas, the terroir has a great relevance since the most favorable places will offer more reliable ripening of the grapes, over the years.

Negotiation mistakes you may be making unconscious

Negotiation mistakes you may be making unconscious

Not everything in international trade is importing and exporting or getting through customs, a fundamental pillar is negotiation.

Negotiations prior to reaching a mutual agreement that can be finalized in an international sales contract implies concessions by both parties.

As well as an approximation of all the positions that the different companies have previously taken.

Knowing our weaknesses can make us stronger so let’s do a quick review of the most common mistakes of companies in the field of international negotiations.

Extremist negotiation

One of the most common mistakes of culture in international negotiations is to conceive of the negotiation itself in terms of “Win or Lose.”

Any process must provide added value that allows both parties to gain mutual gain.

Not being clear about this concept today is starting the house with the roof and the basis for some of the other errors on this list can be found here.

Fronts to convince

An extremist negotiation often generates two fronts that try to convince of their reasoning.

Which in a large percentage of cases causes feedback, hence the need for negotiations to become games to attract the client.

Try to find what the other negotiator wants and offer it in cooperation according to our possibilities.

Fuzzy objectives in the negotiation

To attract, we need to be very clear with our first and second level objectives and the limit of our concessions.

Only in this way will the two parties reach a common area of understanding. When both reach their maximum benefit, they will cordially decide if they are interested in the agreement.

Bad tactics

Tactics that build on past mistakes, but may work locally, rarely work in international trade between vastly different countries to build long-term relationships.

Examples are strategic submission concessions, bargaining as an intermediate solution, the random threat to dissolve the negotiation or the withdrawal tactic.

You have to know very well the tactics that are accepted by that country or company as valid before risking to use them.

Illegitimacy of the agreement

Breaking any sense of fairness, equality or legality in the agreement or proposing it as part of the agreement or import-export process can drastically end the negotiation in many areas.

In countries like Canada it is not allowed to even joke about the matter in many businesses.

Untidy shapes

It is essential in the negotiations to know the culture of the country with which you are going to negotiate as part of persuasion and seduction.

The protocol in formal or informal meetings is a fundamental part of the negotiation and for this the cultural context will give us information on the individualism or collectivism that is expected of us.

A big mistake would be to fall into cognitive dissonances between what is said and our non-verbal communication, generating insecurity and confusion.

Use of time in negotiation

Time must be managed correctly without urgency, but without delay when evaluating options.

Taking into account the Attention Curve, short meetings with breaks are preferable, but with enough time to consider alternatives to the first meeting.

Wine glasses types and characteristics of every one

Wine glasses: types and characteristics of every one

Selecting between the different types of wine glasses the right one for you can be confusing and daunting; admittedly, there’s a lot of choices out there.

You’re able to choose tall and small, thin and wine glasses, large and small capacity glasses, the list goes is long.

Just how vital are the look of the wine glass vs the function and how tall or short the stem is. Does the glass affect the taste of the wine?

Keep reading to discover everything you need to know about the types of wine glasses and how to choose the right type of glass for you.

How does a Wine Glass function?

From a starting point, there are two different types of wine glasses, stemmed and stemless.

There are three parts to every stemmed wine glass:

  • Base – This is also referred to as the foot; this part is required to keep the wine glass standing and stable.
  • Stem – This is the functional part that the user holds (very important!); it keeps the base and the bowl together.
  • Bowl – This part is the most important; this holds the wine. We recommend filling the glass (red, white, rose, and all of the above) to the widest point of the bowl; this maximizes the wine’s contact with the air as you need space above the wine (to the top of the glass) to collect the aromas.

Different types of Red Wine Glasses

Red wine glasses are generally more oversized in height and more significant in bowl size than those for white wine; this allows the wine to come into contact with more oxygen.

Red wine tends to require ‘opening up’ more; therefore, the larger-size bowl allows the wine to breathe a lot more as the aroma and flavors are released.

Most glassware manufacturers offer grape and regional specific wine glasses designed especially for that particular style of wine. This is great if your preferred choice is a specific style or grape type, but not so good if you don’t have a particular kind of wine you generally opt for. In this instance, an ‘all-round’ or ‘universal’ wine glass would be ideal as these types of glass shapes work well for various styles of wine.

Bordeaux / Cabernet

This glass style is the tallest, and the bowl shape is designed for bold red wines, such as Bordeaux, Cabernet and Merlot. A broad base and medium/large stem hold a large bowl that tapers/closes at the opening.

The design allows a more significant amount of oxygen to contact the wine; ethanol evaporates. The wider opening makes the wine taste smoother and brings out the fruit flavors.

Syrah / Shiraz / Sangiovese

This glass style is shorter than the above with a smaller bowl, designed for medium to full-bodied red wines; harsh flavors and spice are softened because the wine is designed to hit your palette more gradually from the smaller opening. The narrower bowl tends to taper slightly more, which helps to trap the aroma.

Burgundy / Pinot Noir

The widest and shortest of the most commonly used red wine glasses is designed for Burgundy and Pinot Noir. A shorter stem and wide bowl helps collect the bolder aromas and directs the intense flavors to the correct part of your tongue. Because of this, a larger surface area is apparent that allows for a more significant amount of oxygen to contact the wine.

Different types of White Wine Glasses

White wine glasses are generally smaller in height and bowl size when compared with red ones; this allows the wine to be in closer contact with your nose as the aromas are much lighter.

Sauvignon Blanc / Riesling White

You generally find that Sauvignon Blanc and Riesling wines can be served in the same style and shape glass. The mid > long stem and the narrow bowl will taper in slightly. The smaller bowl makes it easier to detect the concentration of aromas in the wine whilst minimizing the amount of oxygen in the glass.

Chardonnay White

Glasses designed for Chardonnay are predominately the complete opposite to the above Sauvignon Blanc and Riesling. Chardonnay glasses have a large bowl, similar to that of the Burgundy / Pinot Noir but slightly smaller and feature a much shorter stem. This larger bowl allows for a big surface area to be created, ideal for full-bodied white wines such as oak-aged Chardonnay.

All-round / Universal Wine Glasses 

These are an excellent idea for someone looking to save space in their kitchen cupboards and don’t require all the varying shapes. For a user who likes a tipple of both red and white and different styles of both varieties, a universal all-round glass would be ideal.

Exportation what is it, types and importance

Exportation: what is it, types and importance

Exportation is the action of sending or selling goods and services from one country to another. In other words, it is an operation, whether commercial or not, where a product or merchandise is sent outside of a country.

It is about any service or product that a country or territory sends or dispatches to a third party for its use or purchase.

Exportation types

Depending on the time and shipment, the export can be temporary, definitive, direct, indirect or concentrated.

Temporary

This type of exportation occurs when a product or merchandise is sent to an international market through customs agreements, in which it will remain for a stipulated time.

After the agreed time has elapsed, this product will return to the market where it has been nationalized.

Definitive

This type of exportation occurs when the product is sent to an international market with the intention of being consumed or used abroad.

Thus, the departure from the country of origin will be final, with the exception that the exporter does not comply with the contract agreements and the product or merchandise is returned by the recipient.

Concentrated

Concentrated exportation occurs when several companies reach an agreement and collaborate with each other to send goods to a common destination.

Direct exportation

Direct exportation is the most used by companies with experience and human resources, since here it is the same company that is in charge of doing the export, thus eliminating any intermediary and assuming all the responsibilities of the process.

Hint

This type of exportation is recommended to beginner companies in their sector, who want to reduce risks during export.

Here, the production company hires a person specialized in international trade, who is in charge of both training clients and the entire process involved in exporting.

Importance of exportation

Exports are important as they help to form a source of income that encourages the growth of the country’s economy.

In turn, they allow to be a source of employment and help many people to have a better quality of life.

In addition, exporting avoids the risks of unstable internal markets and, in turn, reduces the effects of macroeconomic problems.

Organic wine What is the difference with traditional

Organic wine: What is the difference with traditional

In recent years, organic wine has begun to open up a field in the wine industry in Spain and in many other countries.

It is a product that is characterized by putting into practice sustainable actions in its different stages of production, from the cultivation of the grape to the winery.

The purpose of the wine companies that are committed to this product is to promote so-called organic farming, that is, one that is respectful of the environment and the environments where the wine is made.

Currently there are several products that follow these requirements. Just take a look at the markets to find fruits, vegetables, legumes or dairy products, among others, that are marketed under this label.

The wines that are made within the framework of organic farming must have the certificate of the corresponding entities.

To be able to circulate in the market with this designation, it is mandatory that they carry a label that certifies their environmental commitment and sustainable practices. We teach you to identify them!

Difference to an organic wine from a traditional one?

Some of the traditional wines, although they do not have the organic designation, are made under practices that respect the environment.

However, what makes organic wine truly different is that the control is carried out throughout the production chain, not only in the cultivation.

To give us an idea of how organic wine producers act, we will tell you some of the characteristics of its production:

  • Natural fertilizers are used for the vineyards, as far as possible generated by the biomass of the crops.
  • The use of damaged grapes in the harvesting process is prohibited.
  • The cultivation plots do not contain pesticides or chemical additives, which makes the grapes that are produced healthier.
  • No machinery is used during sowing or harvesting, including tractors for plowing. The whole process is manual.
  • During clarification, carbon levels should be minimal.
  • The stoppers of the bottles must be made of natural cork.
  • Labels must clearly specify the ingredients of the wine and its production process

How to know if a wine is ecologic?

Look for the certification!

It is the only way to know that you are truly taking 100% organic food. It is the most effective way of guaranteeing the quality of the product and, in addition, it ensures that it has been cultivated or produced strictly following a series of specific procedures and regulations that the European Union dictates in the case of Europe.

In fact, one of the main missions of the administration is to ensure the quality of this type of food and to convey confidence to consumers.

This is the seal that identifies organic farming products in Europe. It is always accompanied by another stamp from the certifying body of your country of origin.

Fair Trade also tends to follow the guidelines of this type of organic production.

That is, its producers, in addition to worrying about the creation of optimal working conditions for the personnel in charge of the harvest, also promote actions such as the proper use of natural resources, saving electricity and water and recycling waste, among others. .

Some come from Latin American countries such as Argentina or Chile, where the development of associations of small producers is encouraged.

Top 5 most important navigation channels of the world

Top 5 most important navigation channels of the world

The recent breeding of the Panamanian Flag Ever Given at one end of the largest navigation channels in the world has caused a strong impact on international trade.

That is why we have decided to talk about the navigation channels and what are the most important in the world.

What are navigation channels?

A navigation channel is a waterway or water course of natural or artificial origin.

Artificial navigation channels are very common in many cities, built by the human being, wide and deep enough so that a ship can navigate on it.

Types of navigation channels

Natural navigation channels

Are those geographical accidents carried out by nature without the intervention of man and located in the last sections of a river, a delta or a narrow, although this is usually quite narrow.

Artificial navigation channels

They are also narrow passages, but pass through a watershed, the limit region between two hydrographic basins.

To have an artificial channel it is necessary to dig a long trench and ensure its continuous water supply; This usually is achieved by connecting it directly with the sea, taking water from rivers or springs or pumping the liquid from other sources.

The reasons for building channels are varied, but usually serve to connect bodies of water such as lakes, rivers, seas or oceans.

For example, the Suez Canal was created in the nineteenth century to physically separate Asia and Africa and thus facilitate the pass from Europe to South Asia, connecting the Mediterranean Sea with the Red Sea.

Most important navigation channels in the world

The Suez Canal

The Suez Canal is another of those important navigable channels worldwide. It is situated in Egypt and joins the Mediterranean Sea with the Red Sea.

This work of man converted the Sinai region into a new peninsula, turning it into the border between the continents of Africa and Asia.

It has a length of 163 kilometers, between Puerto Said and Suez.

It is the river way that makes it possible to go directly from the Mediterranean to the Red Sea without the need to border the entire African continent, so its strategic importance is incredible, both at the merchandise level and at the level of tourism.

The Panama Canal

Without a doubt, one of the most important channels is the Panama Canal.

We can say that it is an authentic wonders of engineering, in addition to being one of the most important channels around the world.

This channel is an interopean navigation path between the Caribbean Sea and the Pacific Ocean. It crosses the Panama isthmus at its narrowest point and has an extension of more than 80 km. A maritime passage through which more than 12,000 boats circulate a year, both transport and passenger.

The Corinth Canal

Perhaps not so famous, but another of the important in the world of cruises, is the Channel of Corinth, in Greece.

They say about this channel that is another of the great engineering of the world. The truth is that its beauty is evident, something that also happens with its size.

This channel unites the Gulf of Corinth with the Aegean Sea by the Corinth isthmus.

It was excavated on the rock at the end of the 19th century and has a height of more than 40 meters between these rocks, something that is impressive seen from a cruise.

While it is true that the width does not allow some of today’s biggest ships to circulate out there, it is still a very important and strategic attraction that will leave you completely amazed.

The Grand Canal of China

We are heading this time to China. That is where we find the Grand Canal of China, one of the largest projects of ancient China.

It is one of the oldest (it began to be built at 486 a. C. under the Wu family dynasty) and also one of the largest in the world, surpassing even the Suez or Panama to the one.

This channel begins in Beijing and ends at Hangzhou, so it has more than 1700 kilometers of travel.

The Kiel Canal

Finally, we find the Kiel Canal, in Germany. Recall that this city has the port of Kiel, one of the most important north of Europe.

It is a channel of more than 90 km in length. Its purpose is nothing other than communicating the Baltic Sea with the North Sea, a connection that is able to save enough fuel and hours on the commercial and tourist routes between both seas.

The channel has four locks in the last sections, where both seas are located.

These locks remain open most of the time to facilitate circulation, both commercial and tourist boats.

Importance of navigation channels

Currently, channels facilitate the transportation of millions of tons of goods and raw materials a year between production zones and destination areas.

Undoubtedly, the importance of these as strategic points for world trade will continue to increase over time.

Many governments seek to develop these infrastructure projects to increase the rapidity of supply chains and economic growth.

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What is the perfect pairing for your wine?

What is the perfect pairing for your wine?

When we talk about pairing, we mean the pleasant combination of dishes and wines.

The objective is clear: to highlight the organoleptic qualities of both products, in a harmonious, assembled way.

In search of this union, combination or ideal companion, today we bring you a short explanation about which are the best pairings for your wines.

Types of pairing

Pairing by agreement

It occurs when the wine and the dish resemble or have the same characteristics. It is called understanding by similarity.

The classic examples are: strip of asado and Malbec; pink salmon and Pinot Noir; seafood salad and chardonnay without wood; pork tenderloin and Merlot.

Pairing by contrast

In this case, the characteristics of the wine and the food are totally opposite. Here, they complement each other by differentiation.

The emblematic cases are: blue cheese and sweet wine; the empanadas from Salta and Torrontés; Asian food and Torrontés; spicy elaborations and light white wines.

Wines and red meat

Fatty meats: They go wonderfully with red wines of intense varieties, aged in the barrel. Malbec, Cabernet Sauvignon, Cabernet Franc, Bonarda, Petit Verdot and Tannat.

Lean meats: They prefer reds with a slight aging in barrels and varieties with medium or low tannins. Pinot Noir, Merlot, Tempranillo and Sangiovese.

Wines and fish

Fatty fish: this pairing is very well understood with whites that have been aged for a long time in the barrel (Chardonnay, Viognier, Semillon) or light reds (Pinot Noir, Merlot)..

Lean fish: They combine very well with light, fresh, fruity white wines (Sauvignon Blanc, Torrontés, Tocai Friulano).

Wines and white meats

Chicken and pork: They achieve an excellent tandem with light red wines or with light aging in barrels (Pinot Noir).

Young Malbecs or modern Cabernet Sauvignon can go very well. They also combine with Merlot or a young Cabernet Franc.

Among the white ones, the ideal varieties are Chardonnay, Viognier or Semillón.

Rosé wines

It stands out for its versatility. Despite being looked down upon by local palates, the demand for wines made in the Provence style is starting to grow.

Rosé labels are nice options to harmonize:

  • Chicken and pork meat;
  • Certain red meats (entraña, buttock cover, rump tail, loin);
  • Shrimp salads, seafood, seafood;
  • Lean and fatty fish.

Wine and spicy

Why doesn’t “spicy” go with “spicy”?

Because the opposite effect is generated, with negative tints. Unwanted metallic or distorted, unpleasant flavors appear.

Itch plus itch equals “fire” for the palate. Too much intensity, too much burning.

For this reason, it is important to reduce that spicy sensation with an agile, fresh, light white wine, without much volume.

Examples of varieties: Torrontés, Sauvignon Blanc, Tocai or Viognier without aging in barrels.

Wine and sweet

Ideally, sweet should go with sweet. Cakes, desserts, fruits and elaborations with a certain sweetness, combine perfectly with sparkling demi sec or sweets and late harvest wines or natural sweets.

Wines and salinity

In general, all foods with a high salt component are complex to pair with.

In this case, we need wines with mineral notes. Pinot and Sauvignon Blanc are a very good option to complement these preparations.

Impossible pairing?

That’s right, there are impossible pairings. It occurs between red wines with marked, intense and present tannins, and sea or salty elaborations. Examples: oysters and Cabernet Sauvignon, sushi and Syrah, sole and Petit Verdot.

Wines and cheeses

In this classic pairing and that arouses so much passion among the curious, influence the raw material with which the cheeses were made and the production method.

Let’s quote the British writer Hugh Johnson: “The harder the cheese, the more tannins it supports. The creamier, the more acidity it needs ».

  • Fresh wines and cheeses: Almost none of these cheeses are eaten alone, as their flavor is very neutral and smooth. Recommendation: very young and fresh white wines with herbaceous and floral notes complement each other very well, as well as sparkling Brut or Demi Sec.
  • Medium-aged wines and cheeses: Classic examples are Gouda and Emmental. The perfect pairing is dry white wines with good volume and barrel fermented.
  • Cured and mature wines: Historical examples are Manchego, Parmesan, Provolone. We will need young red wines to full-bodied and evolved exponents.
  • Moldy Wines and Cheeses: Brie and Camembert are the elixirs of this quirky style. We can accompany them with structured white wines with a certain acidity and very aromatic or light and fresh young reds (Pinot Noir).
  • Blue wines and cheeses: Roquefort, Gorgonzola, Stilton or Cabrales are ideal to accompany late harvest wines, natural or fortified sweets.

Now you know the basics to choose the perfect pairing for your wiIt might interest you: Ice wine: origin, varieties, and production areas.

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Risks of international trade what are they and types

Risks of international trade: what are they and types

The risks of international trade range from small risks that present little difficulty to larger errors that could complete the sale.

When conducting international negotiations, companies face different factors that represent a risk.

The list of risks that an international negotiation can face are varied and appear depending on what barrier, error, difficulty or variant the international sale transaction faces. 

What are the risks of international trade?

When we speak of risk in foreign trade or risk in international trade, we refer to the different dangers, fatalities, misfortunes or accidents that exist or that may exist when carrying out an international sale and purchase operation.

When a company is preparing to carry out an international sale operation, it must study and analyze its situation, the situation of the country where it is, that of its potential client and that of its client.

As the situation of the means of transport of the merchandise to be sent must also be analyzed and studied.

Types of international trade risks

The risks in international trade are divided depending on which aspect of the sale affects. The different types of foreign trade risks are:

Risk country

This type of risk in international trade occurs when there is the possibility of an eventuality occurring or materializing that directly affects a country and therefore also the companies that are in it. In turn, this type of risk in international trade is divided according to the different factors that are in danger. Country risk is divided into:

  • Administrative factors: when the country’s public administration contributes to risk.
  • Regulatory: when the operating conditions are not correctly applied to a company.
  • Political factors: when the company is directly affected by policies taken by the government. Also when the company is affected by decisions of the powers of a state.
  • Economic: the economic dangers of the country that may present a risk to the company.
  • Social and cultural factors: the different unexpected changes in the society and culture of a country.

Currency risk

Currency risk is very common in international negotiations. It occurs when there is a change or variation in a commodity’s price when it is transferred to another currency.

That is when the exporter’s country’s currency is different from that of the importer and there is a price change between one country and another.

Business risk

When we speak of business risk, we refer to a risk in international trade where the danger that exists is that the company does not have sufficient funds to carry out all its operations.

In other words, the income or funds of the company are not enough to make the payments necessary to carry out the operations.

Commercial risk

Commercial risk is the danger that the importer or debtor does not pay for the exported goods.

This type of risk is very common in international negotiations. Even more so with the growth of technology and the lack of confidence that is generated when making a sale.

Credit risk

Credit risk occurs when there is a possibility of economic loss arising from a breach of the obligations expressed in a contract.

Unlike commercial risk. In this risk, the danger exists is that the company, bank or financial institution does not comply with the contract and generates dissatisfaction in the client or importer.

Financial risk

A financial risk is the danger that exists that a financial operation is carried out that generates negative consequences within a company. If within a company there is the possibility that there is a risk that threatens the productivity of the company, there is a financial risk.

Political risks

Political risk is called different causes where the company cannot intervene, we find different types of risks:

  • Government legal.
  • Extralegal.
  • Policy changes.
  • Economic conditions.
  • Social instability.
  • Armed conflicts, among others.