Embargoes and sanctions are powerful tools that governments and international organizations use to influence or punish nations without resorting to armed conflict. Though the terms are sometimes used interchangeably, they describe different approaches with shared goals: to change behavior, uphold global norms, and protect national interests. An embargo is like a total blackout. One nation,… Continue reading Embargo and Sanction: What They Mean and Who They Affect
Tag: trade regulations
Understanding Incoterms: A Guide to International Trade Rules
When businesses buy and sell goods internationally, they need clear rules to define who is responsible for transportation, insurance, customs duties, and potential risks. This is where Incoterms (International Commercial Terms) come in. These standardized trade terms, established by the International Chamber of Commerce (ICC), help buyers and sellers avoid confusion by clearly outlining their… Continue reading Understanding Incoterms: A Guide to International Trade Rules
