Today's Topic International Trade and the New silk road Summary Actors Incoterms Tariff rate range Payment methods Packaging Transportation Shipping costs How the New silk road influenced international trade? -Global infrastructure project -Improve connectivity and promote economic growth between Asia, Europe, and Africa -Risk of political instability, corruption, and security threats -Supply chain structure involves over 60 countries Actors Commonly used incoterms -FOB (Free on Board) -CIF (Cost, Insurance, and Freight) -DAP (Delivered at Place) Tariff rate range Type of product Origin and destination of shipment Distance travelled For major transactions, such as those involving infrastructure projects or international trade, bank transfers are a typical way to make payments. Letters of credit Commonly used payment methods Digital payment methods Cryptocurrencies A. Packaging requirements C. B. Durability D. Efficiency Protection E. Compliance Labeling Transportation modes Rail, Road Sea Air How has the New Silk Road influenced shipping costs? - Transit times - Infrastructure costs - Transport costs + Competition + Regional connectivity Thank You! Created by Rania Nehali, Chloé Fitzgerald, Baryan Regragui, Bastien Tartu, Antoine Mayer, Fleur Algoud References https://www.tandfonline.com/doi/full/10.1080/24761028.2019.1580407 https://www.tandfonline.com/doi/full/10.1080/14765284.2017.1347473 https://www.tandfonline.com/doi/abs/10.1080/10803920.2015.1056682 https://www.cfr.org/backgrounder/chinas-massive-belt-and-road-initiative https://www.weforum.org/agenda/2017/06/china-new-silk-road-explainer/ https://blocnotesdeleco.banque-france.fr/en/blog-entry/new-silk-roadopportunities-and-challenges-europe https://www.theguardian.com/books/2019/may/11/new-silk-roads-peter-frankopanreview https://geopolitique.eu/en/articles/understanding-the-new-silk-roads-of-energy/
