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Development Trend of “INCOTERMS”

Miao Guo-xin;Jilin University of Finance and Economics;  
"INCOTERMS"refers to International Rules for the Interpretation of Trade Terms,which is indeed binding on the insurance of normal trade. It results from multilateral mechanism. With the expansion of international trade,multilateral cooperation has become a remarkable feature in the changes and development of international trade terms. Rules-based multilateral mechanism,electronic transaction,security of transaction which customers pay more attention to will be highlighted in the development of international terms in future. All the countries should put greater effort to promote the internationalization and standardization of trade terms in order to improve the entire trading trade term system.
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