India broke into the top 10 list of agricultural produce exporters in 2019 with a sizeable share in the export of rice, cotton, soya beans and meat, according to a World Trade Organization (WTO) report on the trends in world agricultural trade in the past 25 years. In 2019, Mexico and India, with 3.4% and 3.1% share in global Agri… Read More »India breaks into the top 10 list of Agri produce exporters
Even in the middle of the COVID-19 crisis the global market for the baby care product has been projected at US $11.7B in the year 2020 and is estimated to rise at a revised size of US $15.2B by the year 2027 with a growing CAGR of 3.9% throughout the analysis period between 2020-2027. BABYCARE INDUSTRY IN USA Excerpts from… Read More »BABY PRODUCTS E-COMMERCE MARKETS TRENDS AND POTENTIAL: USA
Today, our topic of discussion is the Export Promotion Council. So, what exactly is EPC? Export promotion councils are basically government-initiated authorities or government-aided authorities established to promote and support export from India in a particular product or service. Today under the aegis of the Ministry of Commerce there are more than 30 Export Promotion Councils (List of Export Promotion… Read More »Export Promotion Councils of India – Benefits, Government Support.
Incoterm are terms for selling to which buyers and sellers agree before trading goods and services in International Trade. The chambers of commerce issue these terms, accepted by government and authorities all over the world. It is very important to be updated with Incoterms for exporters and importers because they keep changing and they determine many aspects of trading the… Read More »All you need to know about INCOTERMS or INTERNATIONAL COMMERCIAL TERMS
Are you a small business owner who deals in artificial jewellery in India? Are you looking forward to selling your items abroad via exports but do not know if it will be profitable? The USA is the first country you should think of to start with since it has a suitable market to sell in. You can collaborate with various… Read More »Artificial Jewellery E-commerce business in the US: Market trends and Potential
As an exporter doing international trade, it has become very crucial to determine and understand the overall financial health of a foreign buyer that you are trying to do business with. The primary concern should be whether the buyer will honour their commitment. One way to assess this is by making use of financial credit checks by obtaining credit reports.… Read More »How to do credit checks for foreign buyers for assessing payment risks and authenticity?
Over the last year and a half, Coronavirus (COVID-19) Pandemic has severely affected the global economy requiring government support and central bank-led liquidity infusion to limit the adverse impact. It has harmed small business on both the production and consumption sides of the market, causing a vicious spiral. Illnesses, quarantines, and a resultant lack of mobility have led to severe… Read More »Importance of Credit Insurance and Buyer creditworthiness in International Trade: –
In an import-export business, there are many documents and regulatory filing for a lot of things, customs, duties, etc. The terminology is complex and often requires the advice and services of experts. As it’s an international activity, it involves compliance with not one but regulations of two countries. There is a need to monitor every movement of the goods until… Read More »EXIM Documentation: Terminology and Significance
How important is selling through Online Channels and eCommerce Marketplaces? Over the years, the world’s population has been increasing on the internet and gives enough reason to market products and services online. Moreover, the Covid-19 pandemic has immensely pushed various businesses over the world to have their space on eCommerce platforms. Over the next decade, for most businesses – be… Read More »Should I consider selling products abroad via eCommerce Platforms?
EDPMS stands for Export Data Processing and Monitoring System and IDPMS stands for Import Data Processing and Monitoring System. It is an online import-export software in India initiated by RBI in 2014 to monitor all the transactions between the bank and the exporters to maintain transparency and authenticity in the export-import business. The main advantage behind this initiative is to… Read More »EDPMS / IDPMS explained; India Export and Import Regulations.