28/06/2022
3 solutions to manage your company’s risk management and mitigation
While there are many risks inherent in international trade finance, there are also numerous solutions available to exporters and importers to manage and mitigate risks….
FITT Team
The Forum for International Trade Training (FITT) is the standards, certification and training body dedicated to providing international business training, resources and professional certification to individuals and businesses. Created by business for business, FITT’s international business training solutions are the standard of excellence for global trade professionals around the world.
23/06/2022
FITT celebrates 30-year anniversary with $30,000 contribution to the Canadian business community
The Forum for International Trade Training (FITT) is thrilled to be celebrating its 30th anniversary this year. However, this milestone comes at a time when businesses are still reeling from a global pandemic and finding a “new normal”. With the “great resignation” and a labour market also in flux, there is a critical need for upskilling as employees switch jobs and employers struggle to fill them. To help during these times, FITT is contributing a total of $30,000 in international business training for employees of companies that are seeking to expand their global footprint in 2022.
22/06/2022
A primer on e-commerce and why your business should be there
Technology, especially the Internet, has transformed how business is conducted in both domestic and international markets. In 2011, the number of digital buyers worldwide…
02/06/2022
Pros and cons of using subcontracting as a market entry strategy
Subcontracting is a transfer-related market entry strategy. Here are the pros and cons of adapting a subcontracting strategy.
12/05/2022
Quick read: The Service-Product Relationship
Provided on a global scale, product-related services generate billions in international trade revenue. It is important to understand the relationship between services and products when developing products.
13/04/2022
Identify and mitigate the 4 types of financial risk: commercial risk, foreign currency risk, country risk, and bank risk
Trade finance instruments and practices are designed to assist importers and exporters with effective mitigation techniques for all types of financial risk. The risks, which can be mitigated through appropriately structured trade finance instruments or services, include: commercial risk, foreign currency risk, country risk, and bank risk.
16/03/2022
What should be on every bill of lading
When trading goods across international borders, the period of transit has a high level of risk and a high cost of liability should anything happen to a shipment of goods. That’s why transport documents like a bill of lading are so crucial, acting as a contract and a receipt for the goods delivered to the carrier for shipment.
11/03/2022
CITP Spotlight: Christine Qin Yang, International Relations Officer, Nova Scotia Department of Intergovernmental Affairs
Christine Quin Yang identified an opportunity to engage her unique skills and cultural knowledge to build bridges between Nova Scotia and its global partners. So, one year later, while Nova Scotia – China engagement was blooming, she joined the Nova Scotia Department of Intergovernmental Affairs as an International Relations Officer with a focus on China.
02/03/2022
CITP Spotlight: Rahim Mohtaram, Supply Chain Management Program Coordinator, triOS College
In 2001, As a student in the Customs Clearance bachelors’ program, Rahim Mohtaram began his journey in international trade with an internship in the most…
01/03/2022
The 11 political risks that could sink your imports and exports
Even when conditions indicate that a potential market might be suitable, certain political and legal issues—such as import restrictions or lack of copyright protection—could make…