The Simplified Trade Regime Just Got Complicated-Small Business

©iStock/znm

"The global pandemic has had a severe negative impact on communities that are heavily dependent on informal cross-border trade, exacerbating, particularly, the challenges faced by women traders," reads the report.

Peter Mathuki, CEO of the East African Business Council (EABC), told The New Times that lockdowns affected women cross border traders especially those who trade under the Simplified Trade Regime (STR).

"Most of these women trade by means of motorcycles, bicycles, and even on foot. These means of transportation aren't allowed to cross the borders," Mathuki said.

The STR is an arrangement implemented by countries to formalize and improve the performance of informal cross border traders and enable them to benefit from regional preferential treatment when importing or exporting goods within the region.

To learn more read how cross-border traders need urgent policy action.

from The Global Small Business Blog https://ift.tt/2OPh27b
The Simplified Trade Regime Just Got Complicated-Small Business

Comments

Rethinking Export Controls in a New Era-Small Business

©iStock/gorodenkoff "Export controls can be a formidable tool to protect technological advantage and to deter illiberal and dangerous use of technologies," says Martijn Rasser. Used properly for their intended purpose—to affect the military potential of a foreign country, to advance major foreign policy objectives, or to fulfill international obligations—export controls can bolster U.S. national security.(1) (1.) U.S. House of Representatives, Export Control Reform Act of 2018, H.R. 5040, 115th Congress, https://www.congress.gov/bill/115th-congress/house-bill/5040/text. Rasser says to revamp export controls for this new era—a global strategic competition with technology at its core—U.S. policymakers should focus on three tenets for implementation. Work with allies. Raise the threshold. Reframe the goal. Read the entire (and very thorough) commentary: Rethinking Export Controls: Unintended Consequences and the New Technological Landscape. from The Glob

Today in Global Small Business: How SMEs Are Unlocking Global Growth-Small Business

©iStock/chombosan What's affecting me, my clients, my colleagues and other global small business owners: How SMEs are unlocking global growth -- brought to you by American Express and Oxford Economics. Familiarize yourself with e-commerce company noon . The world's biggest arms importers since 1950 ( infographic ). Learn why international payments capabilities is an underrated component of expansion. Trade tensions threaten global trade outlook according to OECD . Pay a visit to Women Entrepreneurs GROW Global (WEGG) , a 501(c)(3) nonprofit organization where women are learning how to expand their business internationally. Attend the next WEGGinar™, Wednesday, May 9 at 11:00 a.m. Central Time: Building Your Global Brand Through Podcasting and presented by Kathrin Bussman, Ph.D., founder and principal, Verbaccino. Kathrin will give us an earful on how to approach podcasting as a content-marketing effort and how to put one one. It’s FREE of charge, thanks

PayPal Extends Its Global Reach by Buying iZettle-Small Business

©iStock/Panya_sealim Holy cow! PayPal has reached a deal to buy iZettle , Europe’s answer to the mobile payments company Square, for about $2.2 billion. PayPal’s chief executive, Dan Schulman, says, "Small businesses are the engine of the global economy and we are continuing to expand our platform to help them compete and win online, in-store and via mobile." The deal is considered the company’s biggest takeover — and would underscore the arms race in the world of payments, especially as digital and mobile transactions are increasingly being adopted across the world. Read more about PayPal agreeing to the $2.2 billion deal for European payments start-up iZettle . from The Global Small Business Blog https://ift.tt/2KwZ3Lh PayPal Extends Its Global Reach by Buying iZettle-Small Business

Small Business

Search This Blog