Posts tagged Transaction
The Tariff Story You're Not Hearing: 4 Surprising Truths About the 2025 Trade War
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Temporary Tariff on Restricted Goods in Mexico
U.S. and India Exclusive Trade Partnership: A New Endeavor

The U.S. Ambassador to India - Harsh Shringla - released just yesterday (January 8, 2020) that the United States and India are in talks about an exclusive trade agreement. The agreement would grant business owners of both nations preferential market access. Shringla, the now-former ambassador is set to take on his role as India's next foreign secretary later on this month.

His comments state that there has been success in bridging the gap during the latest trade talks for new trade packages. The current conversations are setting a stage for a much bigger bilateral trade agreement.

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Bank Guarantee VS Letter Of Credit

For example, a letter of credit could be used in the delivery of goods or the completion of a service. The seller may request that the buyer obtain a letter of credit before the transaction occurs. The buyer purchases the letter of credit from a bank and forwards it to the seller's bank. This letter substitutes the bank's credit for that of its client, ensuring correct and timely payment.

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