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Artificial Intelligence (AI) and International Trade: How To Use It

The widespread use of artificial intelligence (AI) in the most competitive companies is transforming foreign trade operations by automating various aspects of export and import operations. Thus, for example, Artificial Intelligence makes it possible to: Automate repetitive tasks, such as document processing, inventory management or shipment tracking. Optimize logistics processes, improving delivery times and increasing efficiency in the supply chain. Analyze and evaluate suppliers based on performance, quality, pricing and other key factors. Read More »

International Trade Documents Templates Used for Exporting and Importing

International trade documents templates, either for exporting or importing, are a really important aspect of foreign trade operations, as the wrong or not complete preparation or even the absence of some of them can prevent goods from travelling correctly and passing customs and tax controls at borders, both in the country of origin and, above all, in the country of ... Read More »

Buying agents: functions, commission and contract

Buying agents –also known as purchasing agents– are increasingly used in foreign trade operations: exports and imports. Buying agents are responsible for buying supplies, products, materials and services at the lowest possible price while maintaining a high level of quality. Buying agents must be skilled in assessing current market conditions as they directly affect supply and demand for services and ... Read More »

What is an export business plan?

EXPORT BUSINESS PLAN

The purpose of the Export Business Plan is to prepare companies, specially middle and small, to enter the international marketplace or to better organize their existing international business activity. The Plan will serve as a step-by-step guide to lead the company through the process of exporting products and services to international markets. The purpose of the Plan is to address ... 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 trading company?

Trading companies  are specialists that cover all export and import operations and procedures. A trading company buy products in one country and sold them in different countries where it has its own distribution network. This kind of companies mostly work with high production volumes of products such as raw materials, chemicals, generic pharmaceuticals, etc. The activities of a trading company ... Read More »

How to Use International Trade Statistics

When a company decides to sell (export) or buy (import) its products in international markets is essential to know the statistics of international trade of that product that can be obtained freely on The Internet and in a few minutes. This information is really useful to design the international marketing strategies and negotiate operations. In this article we always refer ... Read More »