Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Experts have said cutting red tape in international trade will do more to boost the global economy than reducing tariffs. Trade facilitation refers to a broad range of reforms that aim to streamline the movement of goods and services across national borders.
According to a 2009 report from the OECD, about two-thirds of the benefits of a global trade facilitation deal would go to developing countries.
A subsequent study found that wide-ranging trade facilitation reforms would lower the costs of trade by 14.5% in low-income countries, compared with 10% in the rich OECD countries.
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