Staten Island, New York (PRWEB) December 31, 2012
Just last week Canadian Minister of International Trade summed up many of the accomplishments of the largest trade-expansion effort in Canadian history. The Pro-Trade approach that was taken since the beginning of 2012 has seen some very large steps towards increasing trade between Canada and Latin American countries. Latin American Cargo (LAC) has always believed trade should be easy and simple for companies, and feels efforts to simplify trade are some of the most important steps. This is why LAC appreciates the use of Incoterms in the shipping business, and wishes to see more such innovations in the future.
One important step towards a more integrated trading system between Canada and Latin America comes from gaining Observer status with the Pacific Alliance. The Pacific Alliance is a group of four quickly growing Latin American economies, Chile, Mexico, Peru, and Colombia, which are benefiting from free trade agreements made with Canada.
Free trade simplifies the ability for companies to ship, truck, and freight goods across the world. Latin American Cargo has produced a video outlining the importance of Incoterms for companies dealing with shipping between countries and their role in simplifying international trade as well. This is their way of helping in that process, by giving clients the knowledge needed for the best possible transport of their goods. Incoterms are short, letter based codes that identify common contractual sales practices, defining things like who pays what in a specific transaction.
Another major development since the beginning of 2012 has been the Canada-Panama Economic Growth and Prosperity Act receiving royal assent. This would make free trade even more of a defining feature between these two nations and eliminate around 90 percent of all tariffs on goods exported to Panama.
All things considered the year 2012 has been a valuable one for Canada in developing tighter trade relations with Latin America. Likewise, countries like Mexico have seen increased interest from abroad and have seen themselves grow in reputation and economic success.
About Latin American Cargo
Latin American Cargo (LAC) is a shipping and freighting company specializing in shipments going to and from different areas in Latin America. Recently gaining NVOCC status in the USA, LAC has expanded its abilities to serve customers who need to ship their goods from Canada and the US territories to Latin America. LAC is experienced with air, sea and ground transport, and its Mexfreight division, short for Mexican Freight, handles almost exclusively the transport to and from Mexico and acts primarily as a road transportation service.