Block-chain benefits in foreign trade

Block-chain benefits in foreign trade

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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
Negotiation mistakes you may be making unconscious

Negotiation mistakes you may be making unconscious

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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.

Top 5 most important navigation channels of the world

Top 5 most important navigation channels of the world

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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.

It might interest you: Risks of international trade: what are they and types

Risks of international trade what are they and types

Risks of international trade: what are they and types

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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.
The trade balance what it is and how it is calculated

The trade balance: what it is and how it is calculated

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The trade balance is the record of imports and exports of a country in a given period. It is also called the balance of goods.

Through the trade balance, income from the sale of national goods abroad and expenses from the purchase of foreign goods are recorded and compared. In other words, the trade balance allows recording the value of a country’s exports and imports.

The trade balance serves to understand market supply and demand, as well as to identify possible signs of economic expansion or contraction.

Its importance lies in the fact that it helps to understand the economic potential of a country in relation to others, useful information to determine with which countries to establish trade relations or in which areas to invest.

The balance of the trade balance can be positive or negative, in which case we speak of a trade surplus or a trade deficit respectively. When the balance tends to zero, it is said that there is balanced trade.

How to calculate the balance of the trade balance?

It is calculated with a simple subtraction operation between the total income from exports and expenses from imports.

The formula is as follows:

Exports – Imports = balance of trade balance

For example: in 2019, the country registered revenues of 911,894.2 million dollars from exports. It also recorded expenses for imports of 917,456.1 million dollars. So if we apply the formula we get the following result:

911.894,2 M.$ – 917.456,1 M.$ = -5.561,9 M.$

Therefore, the country’s trade balance in 2019 was -5,561.8 M. €. It is, therefore, a negative balance of the trade balance or deficit.

Variables that affect the balance

Although it allows us to get a fairly approximate idea of the economic direction of a country, by itself it is not a sufficient indicator to interpret the behavior of the general economy.

This is because, on the one hand, it only reflects one aspect of the economy and, on the other hand, this aspect is affected by various variables.

Among some of the variables that affect it we can mention:

  • The consumption preferences of the population with respect to national and foreign products.
  • The sale price to the consumer of imported products.
  • The average income of consumers from imports or exports.
  • Government policies regarding foreign trade.

Balance of payments

The balance of payments consists of the total record of commercial operations, services, and movement of capital between a country and the countries with which it has commercial relations.

The trade balance is one of the components of the balance of payments, and it is the most important since it is an indicator of the country’s commercial functioning.

Other components of the balance of payments are the income balance, the transfer balance, and the services balance.

Freight Forwarder everything you need to know

Freight Forwarder: everything you need to know

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A Freight Forwarder is the company responsible for managing the international transport of your merchandise, from a point of origin to a point of destination, using the necessary means of transportation of cargo, and that best suits the merchandise, price, and delivery time. estimated transit.

The freight forwarder ensures that your goods arrive at their destination in the time and conditions that they should do so, whether by air, sea, or land and makes sure to process and manage the documentation required by the different figures, who intervene since.

If you want to learn more about the functions and advantages of a freight forwarder, this is the article for you.

Functions of a freight forwarder

While the freight forwarder handles the details of your international shipment, it is important to know what it does not do, to understand what it actually does

A freight forwarder does not actually move its cargo itself. He acts as an intermediary between a shipper and various transportation services, such as ocean freight shipping, road transportation, expedited air freight, and rail freight. A freight transportation service uses established relationships with carriers, from air carriers and trucking companies to rail carriers and ocean liners, in order to negotiate the best possible price to move carriers’ goods by the most economical route, elaborating multiple offerings and choosing the one that best balances speed, cost, and reliability.

Freight forwarders handle the considerable logistics of shipping goods from one international destination to another.

What services do they offer?

  • Collection of your merchandise at the origin
  • Local transport at the origin
  • Export customs clearance
  • International transport
  • Import customs clearance
  • Local transport at destination
  • Storage
  • Delivery of merchandise

What are the advantages of hiring one?

A freight forwarder is not required to import or export products. However, because importing and exporting can involve so much documentation and so many regulations, and these regulations and the required documentation may vary from country to country, many of the most successful importers and exporters use one to be their logistics partner.

Knowing the shipping companies, documentation, and customs laws of various countries is your job. They know everything so you don’t have to worry about doing it. That means a good service can save you incalculable time and potential headaches while providing reliable transportation of goods at competitive prices.

A freight forwarder is an asset to almost any company involved in international freight transportation and is especially helpful when internal resources are not well versed in international shipping procedures.

International arbitration: procedures and advantages

International arbitration: procedures and advantages

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International arbitration is one of the alternative dispute resolution mechanisms in international trade. In the event of a discrepancy or breach of the purchase-sale contract by one of the parties (for example, in the face of the buyer’s refusal to pay), the affected party has the possibility of resorting to a specialized body to seek a quick and friendly solution. However, going this way is only possible if a clause on the subject is included in the purchase-sale contract. Its inclusion, therefore, is the most recommended.

One of the most important instances of international arbitration is the International Court of Arbitration. This service has been in operation since 1919 and is provided by the International Chamber of Commerce (ICC), which brings together more than 130 member countries around the world.

Today we will talk about how arbitrage works and what are the advantages, so read on if you want to know more.

How is the international arbitration process?

The members of the Court are responsible for ensuring the application of the ICC’s international arbitration rules and for supervising the arbitration process. What the Court does not do is decide on the disputes that come before it. Instead, it appoints third parties, called “arbitrators”, who are international jurists of recognized level, who study the case and finally give a verdict that has to be complied with by the parties.

It begins with the presentation of the demand for the initiation of the arbitration process and the notification to the defendant for, later, the answer to the demand takes place. Next, the appointment of the arbitrators is made and their appointment is communicated.

In these phases of international arbitration, in addition to the interested parties, the General Secretariat of the Arbitral Court, the Arbitral Court, and the Arbitral Court (the arbitrators) intervene.

After the provision for expenses has been paid, the Secretary-General delivers the file to the arbitral tribunal. When the arbitral Tribunal receives the file, and once the parties have been heard, the arbitration proceedings are instructed through the “Mission Statement”, a document in which its mission is specified and which must be sent to the arbitral Court within two months. Likewise, it will communicate to the Court the provisional calendar that it intends to follow.

When the arbitral Court receives the “Mission Statement”, it proceeds to approve the decision made by the arbitrators. The process ends with the issuance of the arbitration award or final decision, which cannot be appealed (as is the case with the judgment of a Court of Justice) since there is no “second arbitration instance”. However, before the issuance of the final award, the parties may request any correction or supplement to it.

Advantages of arbitration

Among the main advantages associated with international arbitration as a mechanism for the resolution of commercial disputes, we highlight the following:

  • The simplicity of the dispute resolution procedure.
  • Speed: in general, less time is required than in judicial processes.
  • Flexibility: the parties have the right to choose between a single arbitrator or an arbitral tribunal composed of several arbitrators, depending on the complexity of the dispute.
  • Neutrality: the arbitral Tribunal must constitute a neutral position for the resolution of disputes, being detached from the judicial bodies of the countries of which the parties involved are natural.
  • High technical quality: given the possibility of appointing arbitrators specializing in the subject matter of the dispute, the arbitrators usually have greater availability of time to study the case under dispute, which may result in greater efficiency, as well as robustness and argumentative support of the award.
  • Confidentiality: the parties can opt for absolute confidentiality of the entire arbitration process (as opposed to the general principle of publicity of judicial processes).
  • Default cost: known from the beginning of the process.

After knowing its operation and its advantages, it is not surprising that international arbitration has consolidated itself as a mechanism for extrajudicial dispute resolution in foreign trade operations.

World map with all states and their flags,3d render

Trade blocs in the world

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Trade blocs consist of official pacts executed between nations, which allow those involved to obtain benefits related to international trade.

The members of the trade bloc are those who promote foreign investment, increased skills, as well as commercial exports and imports.

This type of mechanism is found in all parts of the world, from America through Europe and ending in Asia or Africa.

Trade Blocs team a group of countries, with the objective of obtaining economic benefits in International Trade, today we will talk about the main trade blocs in the world.

Types of trade blocs

Usually, trade blocs are classified according to the degree of economic integration reached by their member countries. Thus, one can speak of:

• Economic Complementation Agreements: They hardly imply reciprocal tariff preferences for some of the products made in the countries that sign them.

• Customs Agreements: A single and same customs policy is implemented between the subscribing countries.

• Free Trade Areas: Founded by Free Trade Agreements (FTA), they usually imply the full lifting of tariffs between countries, except for certain protected products, considered “sensitive”.

• Economic Community: They imply the total liberation of trade in factors of production.

• Economic Union: It implies the total and full economic integration, not only in commercial and tariff matters but even in monetary and fiscal matters.

Main trade blocs of the world

  • The European Union (EU): this bloc is formed by countries such as Germany, Ireland, Belgium, Spain, Greece, the Czech Republic up to Latvia, Croatia, France, and many more. This organization was founded in 1945 after the end of the Second World War and seeks to increase commercial and political consolidation between their countries, establish peace and solidarity among brothers.
  • MERCOSUR: Founded in 1991. It seeks to eliminate the barriers that separate nations, increase productive activity, and generate opportunities. The countries that form this organization are Argentina, Paraguay, Uruguay, and Brazil. Venezuela and Bolivia were part, currently, they have been suspended and are in a state of adhesion.
  • The Pacific Alliance: born in 2012 creates strategies to integrate and influence free trade in countries. It promotes and advocates for cultural, academic, and tourism exchanges, as well as research, among others. The countries in charge of this agreement are Peru, Chile, Mexico, and Colombia.
  • North American Free Trade Agreement (NAFTA): Founded in 1988, the countries that are part of are: the United States, Mexico, and Canada. Among the regulations of this agreement are the following: promoting free trade, increasing investment opportunities, ending trade barriers at the border, and consolidating benefits for citizens.
  • ANDEAN PACT: the member countries are: Peru, Ecuador, Colombia, and Bolivia. Associates and observers. It seeks to consolidate, strengthen progress in terms of the quality of human life.
  • The Association of Southeast Asian Nations (ASEAN): It was founded in 1967 by the Philippines, Indonesia, Malaysia, Singapore, and Thailand. There are currently ten member countries of this organization. It maintains international ties, seeks to increase economic growth and state stability.
  • The Southern African Development Community (SADC): the member countries are Angola, Botswana, the Democratic Republic of Congo, Lesotho, Malawi, Madagascar, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Tanzania, Zambia, and Zimbabwe.

Importance of these blocs

Trade blocs arise according to the needs of different nations, no matter how close or far they are. These are agreements and treaties signed and accepted by the members involved, which allow obtaining the benefits of free trade, allowing a greater variety of products to compete in the local market. This will favor the consumer who is likely to have the opportunity to pay lower prices on some goods.

The member countries together have greater negotiating power if they want to sign a trade agreement with another country or trade bloc.

APEC countries join efforts to mitigate effects of Covid-19

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APEC member countries held a virtual meeting in which they agreed to unify efforts to mitigate the effects of Covid-19 and re-boost the economy.

In a joint statement, member countries of the Asia-Pacific Economic Cooperation agreed to work together to mitigate the effects of Covid-19.

The information was released by the Peruvian Minister of Foreign Trade and Tourism, Rocío Barrios, during the First Virtual Meeting of APEC Ministers Responsible for Trade.

In the virtual meeting, the APEC foreign ministers evaluated some initiatives that will be implemented to achieve economic recovery through out the pandemic.

Cooperation and solidarity against Covid-19

During his speech, Rocío Barrio argued that the health and economic crisis that the world is facing requires greater efforts from each of the countries.

She also said that cooperation and solidarity are the best tools to combat the effects of Covid-19.

Another important topic discussed at the meeting was the need to strengthen supply and supply chains.

“I call on the APEC economies to continue to notify the World Trade Organization of the measures related to COVID-19, in order to avoid unnecessary interruptions to global trade,” Barrios said.

Finally, countries also evaluated the use of new technological tools as the beginning of a new era in the global economy.

APEC and member countries

The APEC was founded in November 1989 with the goal of promoting trade and investment liberalization, facilitating business, and promoting economic cooperation among member’s economies.

Currently the member countries are: Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, South Korea, Taipei, Thailand, United States and Vietnam.

Types of Customs Regimes

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If you are interested in entering the world of import or export this article it’s for you, because one of the things that you should consider if you decide to start in international trade are customs regimes.

Before going into detail on the matter of Customs Regimes, it’s important to have in mind that this corresponds to the part of the international legal framework for merchandise marketing. 

And, arises as a need to inspect or control everything that is imported or exported from one country to another, its characteristics depend on each one in particular and are adjusted to the rules that regulate international operations, however, to have better idea let’s define it.

What are Customs Regimes?

According to European Union Regulation 952/2013 of October 2013, Customs Regimes are defined as the set of steps and operations that are carried out related to a specific customs destination, when you want to import or export a specific merchandise.

So we could say, customs regimes are necessary so that the control of goods entering and leaving a country is carried out in accordance with international trade laws, there are basically six types:

  • Definitive Regimes: 

Corresponds to the final calls, it’s divide into import and export.

Definitive import regime: is what happens when foreign goods has the purpose of remain in the country for unlimited time and the general import procedure is carried out.

Definitive export regime: this customs regime consists of the departure of goods from the national territory for an unlimited time. 

  • Temporary Regimes:

It’s when the goods that enter the country remain in it for a limited time and with a specific purpose. Temporarily imported merchandise.

• Tax deposit:

The tax deposit allows individuals to keep their goods stored as long as they need it and as long as the storage contract exist and the service is paid for.

• Transit of goods:

Local: is the transfer of merchandise under fiscal control, from one national customs office to another.

International: it is the transfer of goods under fiscal control, from one international customs to another through our country.

• Preparation, transformation or repair in a fiscal area:

Is the entrance of foreign or national merchandise to a fiscal area, for its transformation, preparation or repair, either to be returned abroad or to be definitively exported.

• Strategic fiscal area

Is the entry of foreign, national or nationalized merchandise to strategic fiscal areas for a limited time, so it can be handled, stored, guarded, exhibited, sold, distributed, transformed or repaired.

If your company requires support, international transport of goods, or if you want to start in international trade, consider hiring qualified staff who knows all the legal regulations required, so that you have good results.