Chinese banquests: 10 etiquette rules

Chinese Banquest

Work and social life tend to remain separate in the West, whereas much of a Chinese person’s social life will be used to further personal and business relationships. In China, some three-quarters of business deals are sealed outside of working hours. Tea houses, Karaoke bars and restaurants can all be locations where discussions and deals are made. Read More »

Keys to doing business in Angola

business in Angola

by Rafael de León* Angola has become one of the most interesting countries to do business in sub-Saharan Africa. Only 12 years ago, on February 22, 2002 , the assassination of Jonas Savimbi (Leader of UNITA, main opposition party) put an end to 27 years of civil war in Angola , ensuring the long-awaited peace and leaving a country in ... Read More »

Export Documentation: Top 10 Export and Import Documents

Export documentation lies at the heart of all international trade transactions. In provides exporters and importers with an accounting record; shipping and logistics companies with instructions of what to do with freight information; and banks with instructions and accounting tools for collecting payments. Export documents are more complex than those used for domestic sales due to the special characteristics of ... Read More »

What is a Memorandum of Understanding?

A Memorandum of Understanding between companies is a document like a contract but not binding on the parties, except when confidentiality and non-competition agreements are included. It is essentially a collection of key points of an agreement between two parties that are negotiating a contract; in this respect, a Memorandum of Understanding is simply the agreement signed prior to the ... Read More »

Transport Documents: CMR, Bill of Lading, Air Waybill

Transport documents lie at the heart of international trade transactions. These documents are issued by the shipping line, airline, international trucking company, railroad, freight forwarder or logistics company. To the shipping company and freight forwarder transport documents provide an accounting record of the transaction, instructions on where and how to ship the goods and a statement giving instructions for handling ... Read More »

International trade information: Top 10 websites

  The Internet is the main tool to obtain information on international trade. There is a huge amount of information online including: international trade statistics, country information, market research, business directories, model documents and international contracts, etc. Below we offer a selection of the 10 most relevant websites for businesses and professionals involved in international trade. This selection is based ... Read More »

Keys to doing business in the Baltic countries

By José María Rodriguez Clemente* The Baltic Countries were not just the first European economies to recover from the crisis of 2009 (their GDP began to grow already in the 3rd quarter of that year), but they also lead the ranking of growth in the European Union now.  Moreover, they are still net beneficiaries of the structural funds assigned for the ... Read More »

Distribution in China: How to Write a Contract

Distribution in China requires foreign companies to sign a distribution contract with a Chinese company and is commonly considered the most appropriate way when the foreign company does not want to appoint agents in China to act on its behalf. An agency relationship usually requires more understanding and trust between the foreign company and its Chinese partners since, pursuant to ... Read More »

Emirates Doing Business Guide

The United Arab Emirates (UAE) is in the Middle East, bordering the Gulf of Oman and the Arabian Gulf, between Oman and Saudi Arabia. The UAE has an open economy with a high per capita come and a sizable annual trade surplus. With Abu Dhabi and Dubai as its dual financial centers, the UAE has long commanded economic superiority in ... Read More »

Essential tips for working abroad

Living and working abroad is a romantic fantasy the majority of people think is beyond them. Wrong! Anybody with the right frame of mind and personality can do it – you just need to look for the right opportunities that suit your skills, knowledge, interests, circumstances or qualifications. There are many different reasons why you might want to work overseas ... Read More »