Finance credit proposal - Essay Example

The Seller would have to supply all the documents relating to the shipments of the products. The documents will include as required in accordance with the Supply Contract, to Bank for negotiation under the Letter of Credit opened by RSA Trader pursuant to the provisions of the Facility Agreement UK is one of the most stable countries of the world politically and economically. After being drafted in the Euro, the business organizations of the country enjoy the facilities of the trade without boundaries.

UK has been a dominant member of the EU since 1973. The country has a stable political arena and the Government looks into the matters of the business with importance. The Government facilitates the growth of trade and business. The construction of the EU meant that the Government is accountable for its policies to the people and the organizations of the country. However, the common currency has not been adapted by the country because of the fear of lose of control over the economy. This has been a problem for the country because the Pound Sterling has been unstable during the recession.

(Britain’s relationship with the European Union, n.d; Should Britain join the Euro, 26th June, 2003) Spain is one of the most prominent countries in the continent. The country has several territories which are managed individually. The country has a council of ministers who manages the progress of the country. The individual territories are accountable to the ministers. Prior to the recession, the country was growing in a stable manner. The growth rate prior to the recession stage was 3% per year.

The country suffered during the stages of recession and the growth declined. However, the decline was not that strong during the stage. The economy stabilized in 2009. (Spain, n.d.) The Government of both the countries have encouraged the growth of the business facilities in the country. The tax structure of the countries is reasonable. The