Trade Agreements: Why Are They Important?
Trade Agreements: Why Are They Important?

When imports enter a country they normally have a tariff or a tax. So for example: when you are purchasing an item from France it’s more expensive because of a duty that the importer had to pay for it to come in. When a Trade Agreement is negotiated there is an elimination of that tax then the import comes in freely and the item may be less expensive than one you could purchase in the United States. If too many of those items are coming in then there may be concerns that there needs to be protection of that industry.

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Business, Business News, Foreign Trade, Foreign Policy, International Business, International LawTEIL Firms, LLCFree Trade Zone, Free-Trade-Zone, Free Trade, Foreign Trade, Foreign Trade Zones, Foreign Policy, International Trade Agreement, Trade Agreement, Agreement, Bi-Lateral Agreement, The Central American-Dominican Republic Free Trade Agreement, Trump, Trade, International Trade, Fair Trade, Global Trade, Global, Global Economy, World, The Trans-Pacific Partnership, Multi-Lateral Agreement, Multilateral Trade Agreement, Multilateral Agreement, Unilateral Agreement, Bi-Lateral Trade Agreement, Bilateral Trade AgreementsComment
International Negotiations: Cultural Nuance
International Negotiations: Cultural Nuance

When I think of how to begin the negotiation of a contract in a different culture, I first want to make sure that I know something about the culture. Generally, how 85% of the people act, think, and behave. "What is important to them? " I ask myself. Inevitably, I read about the culture, the history, talk to people who have done business in the culture and most definitely go to visit the place when possible.

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Business, International Business, OutsourcingTEIL Firms, LLCNegotiation, Corporate Culture, International Business, International, Global Trade, Global, World, CommunicationComment
NAFTA: Could It Be Lost?
NAFTA: Could It Be Lost?

In order to decrease fears of US litigation, or any long drawn out litigation, for that matter, NAFTA has "dispute resolution panels." These panels look at whether or not the NAFTA countries participant is being treated fairly. Under President Trump, the US has claimed that "US court's sovereignty is eroded." He would do away with the panel altogether. Canada and Mexico want to keep them of course.

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International Business, International Law, PoliticsTEIL Firms, LLCNAFTA, Canada, Mexico, Free-Trade-Zone, Free Trade, Free Trade Zone, Workforce, International Trade, International Trade Agreement, Resolution, Politics, Foreign Policy, Foreign Trade, Foreign Trade Zones, Fair TradeComment
Cuban Sanctions: What You Need To Know
Cuban Sanctions: What You Need To Know

The Sanctions, under President Obama, the first U.S. President to visit since the embargo, authorized specific licenses for travel conditions and other transactions directly related to attendance or professional meetings in Cuba. This did not change the sanctions, but simply softened them. With a change of policy came diplomatic travel which included increase in tourist industries; with U.S. businesses going in and Cuban entrepreneurs opening up their homes for restaurants and cars for joyrides.

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International Business, International Law, PoliticsTEIL Firms, LLCInternational Law, Cuba, International Business, Global Trade, Global, Sanctions, Trade, Trump, International Trade, Politics, Travel, United States, WorldComment
Case Value: Money For Your Pain
Case Value: Money For Your Pain

Not only do we want to know what your damages are, but we also what to know what evidence you have that we will use to prove your case.

In a discrimination case we want to know if you were injured, either mentally, psychologically, emotionally, or physically. We look for proof: did you go see a doctor and was there a bill. Was there retaliation? Did you lose your job or work overtime? What are your current wages, what should they have been, and do you have the taxes and pay stubs to prove it?

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Valuation, LitigationTEIL Firms, LLCDamages, Case, Case Value, Valuation, Case Valuation, Legal Fault, Personal Injury, Contract, Contract Law, Defamation, Descrimination, FeesComment
Cuba: Women In Business
Cuba: Women In Business

Part of the reason why travel to Cuba is so expensive now that the travel and trade bans have been modified is that the embargo that was placed in the year 1961, is still very much codified in U.S. legislation. As a result, there are a number of regulatory restrictions in place that are projected to take several more years to dismantle. While these regulations are in place, all business people interested in doing business in Cuba have to carefully side-step the minefield of restrictions – which can be a slight deterrent to commerce.

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Foreign Policy, Foreign Trade, Women, Opinion Pieces, International Business, Business, Business NewsTEIL Firms, LLCWomen, Women In Business, Cuba, International Business, International, International Trade, International Trade Agreement, International Law, Global Trade, Global, Global Economy, WorldComment
Bank Guarantee VS Letter Of Credit
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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Transaction, Market, Business, Business NewsTEIL Firms, LLCBank, Bank Guarantee, Letter of Credit, Credit, PayPal, Transaction, Finances, Business Practice, Best PracticesComment
Safer International Shopping
Safer International Shopping

Commercial letters of credit have been used for centuries to enhance payment in international trade. It is a contractual agreement between banks, known as the issuing bank, on behalf of one of its customers, authorizing another bank, known as the advising or confirming bank, to make payment to the beneficiary.

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International Business, MarketTEIL Firms, LLCInternational Buying, International Law, International Business, Travel, Commercial, Letter of Credit, Bank, Bank Guarantee, Beneficiary, CreditComment