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

You may find it necessary to provide a quote in a foreign currency. For current currency exchange rates and conversions try the currency converters at either Oanda or Xe.

Glossary Export of 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:

Missouri Small Business & Technology Development Center

Internal Revenue Service Webinars for Small Business