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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.

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