Foreign Trade

Foreign Trade

1. CUSTOMS DECLARATION

   • official document that lists and gives details of goods that are being imported or exported when they enter a territory

2. COMMERCIAL TRANSACTIONS BETWEEN COUNTRIES AND OR REGIONS. FINDING INTL MARKETS AND KEEPING THEM, WITH ADECUATE EXCELENT PRODUCTS, TO IMPROVE THE COUNTRIES ECONOMY

3. PROFORMA INVOICE

   • Preliminary bill of sale sent to buyers in advance of a shipment or delivery of goods. The invoice will typically describe the purchased items and other important information

4. OMC/WTO: World trade org: regulations for INTL trade

   • AGROCALIDAD:-Controls the export of animals and plants (cleaning, quality keeping) for production.
     • ECUAPASS:-sistema aduanero ecuatoriano that will allow Foreign Trade Operators to carry out all their import and export customs operations. Register importators and exportators
       • BANCO CENTRAL:-Deals with Token (e-sign) and other docs.
       • SRI: servicio de rentas internas is the institution in charge of managing tax policy
   • SENAE (buen vivir) Servicio Nacional de Aduana del Ecuador: DEALS WITH ORGANIZATIONS THAT MAKE FOREIGN TRADE POSSIBLE

5. INTL TRADE BARRIERS: tarif measures and non tarif

   • INCOTERMS: INTL COMMERCE TERMS. guidelines that help facilitate trade. In essence, they provide a common language
     • PHYTOSANITARY CERTIFICATE: agrocalidad
       • CERTIFICATE OF ORIGIN: to ensure something was made by an specific org at an specific country
         • INTL LOGISTICS: When something enters or leaves a country. There are experts on the field. There is too much info
           • LETTER OF CREDIT: To ensure that you will be able to pay for import, if you don't know the seller/buyer. If you do direct transactions tend to be enough
             • TARIF ITEM: code that identifies a product globally
               • You trace the codes based on their meaning until getting to the product. The system can include many characteristics of products (type, appereance, original country , etc)

6. BALANCE OF TRADE: Records of activities to know difference between the value of a country's exports and the value of a country's imports for a given period.

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