home.social

#globaltrade — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #globaltrade, aggregated by home.social.

  1. "Over the past four years, #centralbanks have accumulated an annual average of 1,000 tonnes of #gold, up significantly from the 500 tonnes average over the preceding decade, according to the World Gold Council."
    ______
    Why are #European countries moving their gold out of North America?

    bbc.com/news/articles/cvgyn8q8

    #geopolitics #centralbank #globalfinance #banks #reservebank #GlobalTensions #globaltrade #europe #currency

  2. 🚨 In Global Trade, Data > Goods! 🚨
    ​Focusing on the product data (not just the product) is crucial for import/export success.
    ​Why? Data defines cost, speed, and risk:

    - ​HS Code selection determines duties & taxes.
    - ​Classification impacts logistics costs & customs clearance.

    ​A small data error can cause expensive delays/penalties.

    ​Correct, structured info ensures smooth cross-border flow. Don't underestimate it!
    #TradeData #importexport #HsCode #GlobalTrade #procurement #supplychain