Simplified Trade Finance
The uniqueness of each region and country influences the local dialect. This is true even among English-speaking countries. We all know how a lorry in the UK is called a truck in the US. However, the International Chamber of Commerce (ICC) has made sure that no such ambiguity exists when it comes to business. With this in mind, it came up with ‘international commercial terms’, also known as Incoterms.
Trade finance is the financial assistance provided in the field of international trade and commerce through the use of various financial products. A plethora of financial products fall under the ambit of international trade finance, each of which is designed to ease the conduct of business among importers and exporters around the world. Read This guide to understand types of Trade Finance and how it helps with working capital.
Apparel Export Promotion Council (AEPC) is the official organisation recognised by the government for promoting the export of apparels. AEPC was formed with the intention of promoting and supporting Indian apparel exporters and to facilitate the establishment and growth of their business. Read this guide to learn more about how an apparel exporter can register with AEPC and avail benefits under its subsidy schemes as an AEPC RCMC holder.
The Marine Products Export Development Authority (MPEDA) was formed with the aim of expanding and sustaining the commercial prospects of marine products for both domestic and overseas markets. This guide will take you through how you can become MPEDA's member by applying for its RCMC online and what are the benefits which you can avail by registering with MPEDA as an exporter of marine products.
Exports lead to an inflow of foreign exchange, hence they improve a nation's economic position. To promote exports, the Export Oriented Units (EOU) Scheme was announced in 1981. The scheme has several benefits which an Export Oriented Business Unit can avail. Read this guide to understand what is meant by an "Export Oriented Unit" and its benefits for an Exporter.