Entries by Megan MacKeown
Data Overload: Data Centers, AI, and Global Trade
The objects that we live and interact with are becoming smarter by the day.
North American Free Trade Agreement (NAFTA)
The North American Free Trade Agreement is a pact between Canada, Mexico, and the USA to promote economic integration and reduce trade barriers among member countries.
Letter of Credit (LC)
A letter of credit is a financial document issued by a bank on behalf of a buyer, guaranteeing payment to the seller upon the satisfactory completion of the specified terms and conditions of the trade transaction.
Free Trade Agreement
A free trade agreement is a treaty between two or more countries that facilitates the exchange of goods and services by reducing or eliminating tariffs, quotas, and other trade barriers.
Foreign Trade Zone (FTZ)
A foreign trade zone is a designated area within a country’s borders where goods can be stored, processed, and traded with certain benefits, such as duty exemption or deferral, to promote international trade and economic activity.
Export Transaction (ET)
Export transaction refers to the sale and transfer of goods or services from a seller located in one country to a buyer located in a foreign country, typically involving international trade and crossing national borders.
Customs Broker (CB)
A customs broker is a licensed professional or firm specialized in facilitating and expediting the clearance of goods through customs on behalf of importers and exporters, ensuring compliance with customs regulations and requirements.
TecEx Tariff Tracker
US tariffs are reshaping global trade, making optimized compliance and proactive strategies crucial to seamless trade. Track the latest updates with our free tool.
