Prior to Covid-19, most cross-border trade payment methods relied on one known factor – risk profiles of the importer and exporter. An exporter wants to be paid in a timely manner and the importer wants to receive his/her goods promptly and in good condition. These simple requirements were easy to manage. To be sure, relative bargaining […]
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Entries by chigbu
The Export-Import (Exim) Bank of the United States has temporarily withdrawn all financing support for exports of “critical medical equipment” and supplies needed to fight the coronavirus. This restriction is effective from April 15, 2020 until September 30, 2020. The exclusion order applies to all its loans, loan guarantees, and insurance products covering the following […]
On April 13, the FDA published a new list of approved manufacturers. Specifically, the list shows “Authorized Imported, Non-NIOSH Approved Respirators Manufacturers in China”. https://www.fda.gov/media/136663/download. This new authorization builds on or expands on the FDA Emergency Use Authorization letter of April 3. https://www.fda.gov/media/136664/download. These new approvals is a welcome development because of the price-gauging that has been […]