What Is Inward Processing and What Are the Benefits?
Inward processing refers to importing goods into the EU, processing these, and hereafter exporting these out of the EU. One common inward processing example is when a product is imported for repair or maintenance and is later exported to be returned to its owner.
Incoterms Explained: Ex Works (EXW)
When goods are bought or sold "Ex Works" (EXW) it means that the Seller is making the goods available at their factory or warehouse. The buyer is then free to come and pick up the goods. Ex Works places full responsibility for cost and risk with the buyer, as the buyer has to arrange everything.
Trade Deals Around the World: October Edition 2020
Trade Deals Around the World is our monthly recurring update, which gives you a quick and easy overview of what has been happening in the many trade deal negotiations going on around the world.
Whether it is an effect of the pandemic or something else, we don’t know for sure. It has been relatively quiet on the trade deal front. Main players in this month’s edition are Japan, the United Kingdom, and the European Union of course.