CARM: What all importers need to know about CARM

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How cultural differences affect international business transactions

     Chinese New Year 2017

Business practices can vary from country to country, depending on the nation’s culture, religion, education, economics, environment, politics and social norms. For example, you should know:

  • In Italy, production facilities often close down for the entire month of August
  • In Hong Kong, it is very common to work on Saturdays
  • Chinese New Year is observed in February or March
  • U.S. Independence Day falls on July 4th, while Canada Day is celebrated on July 1st
  • Canadian Thanksgiving is celebrated in October; in the U.S. it is celebrated in November .

Quick Tip #47
When taking control of your shipment is good business

Selecting the right Incoterm will allow you to get the most from your contract of sale during negotiations.

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