Education & Assistance
Navigating the global marketplace can be tricky. Below are resources to assist you in global trade.
Export Costing Worksheet
Many export transactions begin with a request for quotation. Export quotations outline transaction terms between the buyer and seller. Generally included in export quotations are the terms of sale, terms of payment, product description, selling price, and delivery time. For more information and an example of an export quotation click on one of the following links:
Terms of Sale
Incoterms, or International Commercial Terms, were created in 1936 as a set of internationally recognized rules of interpretation for commonly used trade terms. Incoterms® are updated and maintained by the International Chamber of Commerce (ICC). To learn more click on one of the following links:
Foreign Currency Converter
Glossary of Export Terms
For a full list of commonly used export and trade terms, click here.
Free Trade Agreements
Free Trade Agreements (FTAs) allow for the movement of goods and services between foreign markets without tariffs or other trade barriers. The United States currently has 20 free trade agreements in effect. To learn more about FTAs and how they can affect your business click here. To learn how FTAs affect agriculture click here.
In addition to traditional free trade agreements, the United States also engages in Bilateral Investment Treaties (BITs), Trade and Investment Framework Agreements (TIFAs), and regional trade agreements, such as the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (T-TIP). You can learn more about these initiatives by clicking the appropriate links below: