ECGC has released its latest country risk classification, which comes into effect on May 1, 2023. The updated list includes a number of changes, reflecting the current economic and political conditions around the world. One…
Incoterms 2020 Rules, the tenth revision to Incoterms, were introduced by the International Chamber of Commerce in 1923. These updated rules came into effect from 1st January 2020, reflecting changes in market practice, new technologies,…
Iron and steel are the backbone of modern industrialization, and their production and consumption are closely linked to economic growth and development. The global iron and steel industry has undergone significant changes in recent years,…
The airway bill is an important document used in international trade that accompanies goods being shipped via air freight. It is a contract of carriage between the carrier and the shipper that provides details of…
The Agricultural and Processed Food Products Export Development Authority (APEDA) is a key organization in India that aims to develop and promote the export of agricultural and processed food products. Established under the Ministry of…
In international trade, various documents are used to facilitate the movement of goods from one country to another. Two of the essential documents used in this process are the shipping bill and the bill of…
The Chemicals and Allied Products Export Promotion Council, commonly known as Capexil, is a government-recognized organization that was established in 1958 by the Ministry of Commerce and Industry, Government of India. Capexil is responsible for…
Assam, a state in northeastern India, has a diverse economy with a mix of industries, agriculture, and natural resources. However, despite its vast natural and mineral resources, the per capita Gross State Domestic Product (GSDP)…
Introduction International trade involves complex processes and various risks for buyers and sellers. To ensure clarity and consistency in trade transactions, the International Chamber of Commerce (ICC) developed a set of standardized trade terms called…
The first-ever ‘SCO B2B Conference and Expo on Traditional Medicine’ held under the SCO initiative concluded successfully on March 3, 2023, in Guwahati, Assam, generating an incremental trade interest of over ₹590 crores. The conference…