| THE EQUITRADE FOUNDATION
Funds will be raised from various sources and institutions for the following applications:
- Provide start up capital for new or existing business in a developing nation to initiate, or grow international trade for that Company in that nation
- Provide resources and share learning / skills / know how / technology on how to develop international trade
- Lobby institutions to help facilitate international trade
- Share values and cultures between different nations and companies
LICENCE FEES FOR THE EQUITRADE MARK
- The licence fee will be based on percentage of net sales value for all products and will be subject to VAT at the standard rate.
- Generally, the Foundation will accept a calculation of licence fees based on the net invoiced sales of the licensee. However, in cases where licensees sell a significant proportion of their output through third party wholesalers, an adjustment may be made to bring the actual licence fee paid into line with that paid on similar products carrying the EQUITRADE Mark.
- EXCLUDES products given as samples, or lost/damaged and must be accounted for in the quarterly monitoring reports
BECOMING A LICENSEE
- Must prove that products are exported from a company operating in a Developing Nation
- A Developing Nation is defined as:
- Require Annual Accounts from the Company or Company Registration Number and Detail from Developing Nation.
- Must prove that Fund transactions are made with Company in the Developing Nation.
- Must prove that the Company pays local taxes.
- Company must prove that it implements a training and education program for its human capital.
- Company must provide evidence of it Environmental Policy and Practices.
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