by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is Export Credit Insurance?Export Credit Insurance (ECI) mitigates the payment risk associated with foreign trade. ECI guarantees payment on commodities exported to foreign country and thus protects the exporter against non-payment.How is Export Credit Insurance...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is an Export Trading Company (ETC)?An Export Trading Company is a commercial institution (often a bank) that facilitates and financially supports those firms that are engaged in international trade. The Export Trading Company (ETC) may provide billing,...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Economic Cooperation Organization (ECO)?The Economic Cooperation Organization (ECO) is an intergovernmental regional organization which was established in 1985 by Iran, Pakistan and Turkey. It was preceded by the Regional Cooperation for Development (RCD),...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
Other Economic Development OrganizationsWhat is the Organization for Economic Cooperation and Development (OECD)? The OECD is an international organization of 35 countries with the propose of fostering economic development and international trade. The objective of the...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is The North Atlantic Treaty Organization (NATO)?NATO is a military alliance among 28 member countries. Numerous other countries also participate in NATO programs to promote peace and international dialogue. Member nations agree to provide collective support to...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the United Nations Commission on International Trade Law (UNCITRAL)?UNCITRAL is an affiliate organization to the UN made up of business and legal professionals. This group develops model standards and procedures for dealing with issues affecting international...
