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The USA and five Central American Nations — Guatemala, El Salvador, Honduras, Costa Rica, and Nicaragua — and the Dominican Republic have developed a consensus to sign a free trade agreement named CAFTA. A Brief Background North America already has a success story of mutual… Read More »Dominican Republic-Central American Free Trade Agreement (CAFTA-DR)
Duty and tariff are the terms used for levies imposed by the Governments on imports and exports. Both terms are often mingled up. These are used interchangeably. The truth however is that there are minor differences. The layman perhaps is not much concerned about the… Read More »Duties vs. Tariffs
The markets are ever getting sophisticated and complicated with every passing day. The Covid-19 has aggressively affected competitiveness. The procurement departments are under stress to meet expectations as regards delivery and cost-saving. The companies are always searching the avenues for improvements to ensure efficient procurement.… Read More »The Importance of Procurement KPIs
Manufacturing traditionally was an activity of producing goods, storing them in warehouses, and supplying them to distributors. The distributors then are responsible for supply to retailers through whole-sellers. It means that manufacturing essentially has to be a mass-production activity taken as a large scale industrial… Read More »Why On-Demand Manufacturing?
It is the second time that the Pantone Color Institute has announced two colors of the year: One is PANTONE® 17-5104 Ultimate Gray, a color bringing to mind the famous 50 shades of Gray. The other one is PANTONE 13-0647 Illuminating, a bright yellow that sends a… Read More »Pantone Colors of the Year for 2021
A new emerging Regional Comprehensive Economic Partnership (RCEP) consists of 10 members of the Association of Southeast Asian Countries (ASEAN), including South Korea, China, Japan, Australia, and New Zealand. The RECP is the largest trading bloc in the world, covering about 30% of the world’s… Read More »RCEP: The Largest Trading Bloc
the worst trade deal ever made Above are the comments made by President Donald Trump about NAFTA, during the presidential campaign of 2016. Such was the value of the agreement in the eyes of then “would be president” of the US, the most prominent… Read More »Understanding USMCA – A shift from NAFTA