It is increasingly clear that free trade, in all its forms is good for everyone. Ever since David Ricardo introduced the concept of comparative advantage as the ultimate argument against the mercantilist policies that had dominated until then. Simply put, in cases where one party has an absolute advantage in the production of a particular good, both parties should produce what they are best at and then trade with each other.
Ukraine’s manufacturing sector suffers war losses, but most industries keep optimism about the future. However, manufacturers that secure the basic human needs (food, clothing, and shoes) demonstrate the best production and recovery results.
Georgia’s goal should not be to fool Russian consumers to sell them Georgian low–quality products, but to improve their quality, so that we can find more demanding, but reliable, customers.
The global trade Britain mastered greatly influenced our world today. Just think of the literary heroes everyone grew up with as a child. Not because they were compulsory in school but because they are culturally ubiquitous.
The COVID-19 pandemic has exposed both the strength and fragility of international trade links. Like other countries, Ukraine has appeared at the crossroad of two trends. On the one hand, in response to panic, Ukraine had imposed several protective measures.
You have probably noticed that the world “globalization” evokes passions and even protests. “The rich become richer and the poor are poorer!” shout some of protesters. “Globalization causes the loss of national culture and identity,” is shouted by others. But is globalization really dangerous? Does it need to be slowed down or regulated?
Ukrainian exporting and importing businesses have recently got the much-awaited opportunity to register as Authorized Economic Operators (AEOs). This status will make them trusted companies in the country’s Customs Office’s eyes and considerably facilitate their cross-border trade.
The fifth annual survey of Ukrainian exporters and importers1 marks growing optimism among companies regarding the already achieved AA impact, while their future assessments are marred by uncertainty.
Oman started 2020 off on the right foot when it comes to economic freedom. A new Foreign Capital Investment Law (FCIL) came into force to visibly lower barriers to foreign investment in the Sultanate. The crucial change is that 100% foreign ownership is now possible in Oman.