Year: 2023

Blog

Product Classification in International Trade: Understanding the Basics

International trade involves the exchange of goods and services across national borders. Product classification is an essential aspect of international trade as it helps identify and categorize products for the purpose of determining tariffs, taxes, and regulatory requirements. In this blog post, we will explore the different product classification systems, and how product classification works[...]
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Blog

The Future of Exporting: Must-Know Digital Trends for 2023

Digitalization has had a significant impact on the global economy, with many industries undergoing a digital transformation. The field of export has not been left behind, with businesses leveraging digital technologies to enhance their operations and increase efficiency. In this article, we will explore the current state of digitalization in the export industry and the[...]
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News

Türkiye’s Exports Break Monthly Record in March with $23.6 Billion

According to the announcement by the Turkish Minister of Trade, Mehmet Muş, Türkiye’s export performance reached an all-time high in March 2023. The country’s export figures rose by 4.4% to $23.6 billion, setting a new record for monthly exports. This remarkable increase has been attributed to the steady recovery of the global economy, which positively[...]
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Blog

What is the Carriage Paid To (CPT)?

Carriage Paid To (CPT) is an international trade term that defines the seller’s obligations and responsibilities for delivering goods to a buyer at an agreed destination. It is one of the most commonly used Incoterms in global commerce. It is often used when goods need to be transported by multiple modes of transportation. Understanding CPT[...]
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What is Free Trade Agreement (FTA)?

Free Trade Agreements (FTA) are one of the most important factors driving economic interactions in today’s world. Free trade agreements (FTAs) are international agreements between two or more countries that aim to promote free trade and remove trade barriers such as tariffs, quotas, and other restrictions. FTAs are designed to boost economic growth by increasing[...]
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News

Tomato Exports Surge to 54 Countries from Türkiye

According to the information provided by the Southeastern Anatolia Exporters’ Association, tomato exports from Türkiye surged in 2022. Tomato exports increased by approximately 4% compared to 2021, reaching $377 million 418 thousand. In 2022, Türkiye exported 526,703 tonnes of tomatoes to 54 countries. These countries include Romania, Ukraine, Bulgaria, Germany, England, Czechia, Switzerland, Spain, Kazakhstan,[...]
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