Twitter  Facebook  YouTubeNewsletter Sign UpJoin Now

Chamber News

Back to News
5 Minutes for Business The Nuts & Bolts of International Trade

It is easy to think international trade is all about convoluted acronyms that describe trade agreements that take a long time to negotiate. A sampling of the ones you have probably heard about recently include CPTPP, CETA and CUSMA.

Indeed, the trade world is not short of acronyms, but here is another crucial one for businesses to know called Incoterms®, which stands for International Commercial Terms.

Updated every 10 years, Incoterms® are developed by the International Chamber of Commerce to act as a common set of rules between exporters and importers in the course of international trade in goods. The reason they are used by buyers and sellers is that they provide a mutual understanding of who bears the costs and responsibilities at various stages of international trade transactions. Not using the appropriate Incoterms®, or at least the one you thought you were using, greatly affects a company’s bottom line. For this reason, we have partnered with Forum for International Trade Training to help Canadian businesses get up to speed on these new rules with a series of training sessions.

Read this month’s 5 Minutes for Business to learn more about how your business can navigate this acronym-saturated, but crucial, world.

Chamber Members SAVE on products and services. Check out these Member 2 Member Offers.

Grand & Toy - Cost-saving solutions
Allen Insurance - Exclusive Chamber Member Rates
Cloud Bookkeeping Services - 10% OFF
Quinte Siding - 10% OFF
Parsons Cleaners Member offer - 10% OFF
RBC - Save on Bank charges
Stirling Festival Theatre - Group Discounts available to members
Shoppers Drug Mart - Save 20% on Thursdays
Jesan Property Maintenance - SAVE 10%
Superior Propane - Save 5% on fixed price propane
Group Benefit Plan for Chamber Members
Friendly Fires - 10% OFF
Esso Chamber
St. John Ambulance - Discount on training
Body Systems Nutrition - 15% OFF purchases.
Papa Johns Pizza Member Offer- 25% off
OSM Website design - SAVE on services.
Dinkles & Paulos Restaurants - 10% OFF
Grand & Toy - Members can save up to 85%
Constant Contact Chamber Member Offer
NRG Alternatives - 10% Discount
Belleville & District Shrine Club
Be Prepared First Aid Traning - 15% off
Dinkles & Paulos Restaurants - 10% OFF
OSM Website design - SAVE on services.
Group Benefit Plan for Chamber Members
Shoppers Drug Mart - Save 20% on Thursdays
Grand & Toy - Members can save up to 85%
Cloud Bookkeeping Services - 10% OFF
Papa Johns Pizza Member Offer- 25% off
Quinte Siding - 10% OFF
Allen Insurance - Exclusive Chamber Member Rates
Friendly Fires - 10% OFF
RBC - Save on Bank charges
NRG Alternatives - 10% Discount
Constant Contact Chamber Member Offer
Be Prepared First Aid Traning - 15% off
Grand & Toy - Cost-saving solutions
Stirling Festival Theatre - Group Discounts available to members
Jesan Property Maintenance - SAVE 10%
Belleville & District Shrine Club
Esso Chamber
St. John Ambulance - Discount on training
Parsons Cleaners Member offer - 10% OFF
Superior Propane - Save 5% on fixed price propane
Body Systems Nutrition - 15% OFF purchases.
Be Prepared First Aid Traning - 15% off
Grand & Toy - Members can save up to 85%
Shoppers Drug Mart - Save 20% on Thursdays
Body Systems Nutrition - 15% OFF purchases.
OSM Website design - SAVE on services.
Group Benefit Plan for Chamber Members
Grand & Toy - Cost-saving solutions
Esso Chamber
Superior Propane - Save 5% on fixed price propane
Stirling Festival Theatre - Group Discounts available to members
Papa Johns Pizza Member Offer- 25% off
Constant Contact Chamber Member Offer
Dinkles & Paulos Restaurants - 10% OFF
RBC - Save on Bank charges
NRG Alternatives - 10% Discount
Parsons Cleaners Member offer - 10% OFF
St. John Ambulance - Discount on training
Jesan Property Maintenance - SAVE 10%
Cloud Bookkeeping Services - 10% OFF
Friendly Fires - 10% OFF
Allen Insurance - Exclusive Chamber Member Rates
Quinte Siding - 10% OFF
Belleville & District Shrine Club