Twitter  Facebook  YouTubeJoin Now

Chamber News

Stay informed and discover the latest happenings in Belleville, Ontario with the Belleville Chamber of Commerce 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.

Be Prepared First Aid Traning - 15% off
Parsons Cleaners Member offer - 10% OFF
Jesan Property Maintenance - SAVE 10%
Papa Johns Pizza Member Offer- 25% off
Belleville & District Shrine Club
Superior Propane - Save 5% on fixed price propane
Dinkles & Paulos Restaurants - 10% OFF
Cloud Bookkeeping Services - 10% OFF
Esso Chamber
Allen Insurance - Exclusive Chamber Member Rates
NRG Alternatives - 10% Discount
Body Systems Nutrition - 15% OFF purchases.
Shoppers Drug Mart - Save 20% on Thursdays
RBC - Save on Bank charges
Papa Johns Pizza Member Offer- 25% off
RBC - Save on Bank charges
Cloud Bookkeeping Services - 10% OFF
Shoppers Drug Mart - Save 20% on Thursdays
Be Prepared First Aid Traning - 15% off
Parsons Cleaners Member offer - 10% OFF
NRG Alternatives - 10% Discount
Esso Chamber
Body Systems Nutrition - 15% OFF purchases.
Jesan Property Maintenance - SAVE 10%
Allen Insurance - Exclusive Chamber Member Rates
Dinkles & Paulos Restaurants - 10% OFF
Belleville & District Shrine Club
Superior Propane - Save 5% on fixed price propane
Dinkles & Paulos Restaurants - 10% OFF
Shoppers Drug Mart - Save 20% on Thursdays
Papa Johns Pizza Member Offer- 25% off
Superior Propane - Save 5% on fixed price propane
Cloud Bookkeeping Services - 10% OFF
Be Prepared First Aid Traning - 15% off
Esso Chamber
RBC - Save on Bank charges
Body Systems Nutrition - 15% OFF purchases.
Jesan Property Maintenance - SAVE 10%
NRG Alternatives - 10% Discount
Allen Insurance - Exclusive Chamber Member Rates
Belleville & District Shrine Club
Parsons Cleaners Member offer - 10% OFF