18/02/2014
From international business intern to EDC Account Manager
Less than a year ago, an excited Megan Malone was selected to be an EDC-FITT intern. She had just graduated from Algonquin College’s FITT-accredited International…
International Trade Finance
07/01/2014
How taxation, customs and VAT regulations in the EU can impact your export business
Business has gone global. That’s hardly news anymore. But for the first time in history, the world marketplace is open all day, every day, unrestricted…
13/12/2013
The 3 kinds of risk in international trade finance
Trading internationally involves risks beyond the normal risks of doing business in domestic markets. Late or non-delivery of goods, foreign exchange and country risk offer…
10/12/2013
Line of credit improves cash flow and creates international business opportunities for automobile importer
Until recently, neither Ahmed Awnie Abdulateef nor anyone at his company had ever heard of a commercial line of credit. The concept simply doesn’t exist in their home country of Iraq.
30/08/2013
Considering all the costs of international trade
The biggest mistake you can make in international trade is jumping in head first without having done your homework. And while engaging in global business can be rewarding and lucrative, having a lack of understanding of all the factors and costs involved can lead to problems that are both stressful and expensive.
21/06/2013
Another FITTskills grad scores an internship with the EDC’s Small Business Solutions team
Megan Malone received the good news that she was selected to be this year’s EDC–FITT intern while on a micro-enterprise development internship in Rwanda. “I…
06/06/2013
Trade finance as a competitive advantage
The ability (typically, but not exclusively) for exporters to offer “terms,” or a financing package, to importers to close the sale is increasingly common in…