Recent Trends in Cross-Border Trade Transactions

Notwithstanding the growth of international trade at an astounding rate over the last 20 years, it has been affected in a big way by the recent financial crisis. The credit crunch and shortage of trade financing funds affect both exports and imports even to the point of stoppage. It goes without saying that the number of cross-border trade transactions involving Ukrainian companies or commodities recently fell greatly. Moreover, the chances that suppliers are faced with Ukrainian customers that are, or may be, dealing with financial difficulties are growing. As the number of such customers is increasing, the number of concerns for foreign suppliers has also expanded. For these reasons, the question of how to advocate the interests of a foreign supplier or seller without making a transaction too expensive is becoming more critical to every transaction.