Over $24 trillion worth of goods are exported globally each year, but for export businesses, this trade comes with its fair share of risks. Collecting debts across borders is especially challenging, as each country presents a distinct legal, political, economic, and cultural landscape. Some countries have brief debt recovery periods, while in others, pressuring debtors to pay can lead to a prolonged and difficult process. Additionally, language barriers and cultural differences between exporters and international buyers can further complicate the debt recovery process. For the Top 5 Best Practices for Exporters and more click here. https://www.allianz-trade.com/en_global/news-insights/expert-voices/export-debt-recovery.html
