A trade surplus signifies a favorable trade balance, where a nation’s exports exceed its imports. This condition is determined by a simple computation: Trade Surplus = Total Value of Exports − Total Value of Imports When the result is positive, indicating that a nation exports more than it imports, a trade surplus exists. Conversely, when… Read More »
The global economy has had a tough time in the 2020s. In March, most countries were locked down because of COVID-19, messing up the supply chain for two years. When things were getting better, another problem came up with Russia invading Ukraine in February 2022. The European Union and other countries put restrictions on Russia,… Read More »
In the dynamic world of international trade, choosing the right market for your export-import business is a strategic decision that requires careful consideration of various factors. Whether you are a seasoned exporter looking to expand your reach or a newcomer exploring global opportunities, the success of your venture hinges on selecting the right market. In… Read More »
Have you heard of RoDTEP? It’s like a special treat for Indian exporters! RoDTEP, which stands for Remission of Duties or Taxes on Export Products, was introduced by the Indian government to make exporting goods more profitable. The scheme was implemented on January 1, 2021. The main goal of RoDTEP is to help exporters by… Read More »
Whenever you’re dealing with any commercial goods, whether you’re bringing them into a country or sending them out, you have to go through a process called customs clearance. In a nutshell, it’s like getting permission from the government to move your stuff in or out of the country. Now, this customs clearance thing involves a… Read More »