Key Duties of Importers in Global Trade Explained

Key Duties of Importers in Global Trade Explained

Importers bear customs responsibilities in international trade, including document preparation, product classification, and tariff payment, as well as compliance with laws and regulations. This crucial role ensures business compliance and effective operations, particularly in the complex environment of international markets.

Panamas Shipping Industry Warns of Port Oligopoly Threat

Panamas Shipping Industry Warns of Port Oligopoly Threat

Ricardo Lins, president of the Panama National Maritime Authority, urges the country to avoid oligopoly in port management. He emphasizes the need for transparent regulations to attract new shipping companies and investments, strengthen market competition, and ensure long-term development.

08/04/2025 Logistics
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Global Flower Industry Grows Amid Rising Demand Sustainability Push

Global Flower Industry Grows Amid Rising Demand Sustainability Push

The global flower market is booming, with emerging markets on the rise. Social responsibility and environmental sustainability are increasingly important. Emerging markets like Kenya are reshaping the global flower trade through technological advancements and fair trade practices. They are actively exploring greener supply chain solutions to meet the demands of younger consumers for sustainable products. The industry is adapting to prioritize ethical sourcing and reduced environmental impact, making sustainability a key driver of innovation and market growth in the flower sector.