The Secret of foreign trade pricing strategy: How to ensure profits and competitiveness?
27 June 2024
Pricing in foreign trade transactions involves multiple considerations, aiming to both secure company profits and ensure market competitiveness. The following are some pricing strategies to help foreign trade enterprises avoid losses in transactions. I. Quote FOB or EXW prices to mitigate the uncertainty of ocean freight fluctuations. I. FOB (Free On Board) Price: Quoting FOB price means the goods...
Art without Boundaries: A complete guide to the declaration of the import and export of paintings!
7 June 2024
In this busy world, paintings bring us peace of mind and pleasure of beauty in their unique way. Whether it’s the masterpieces of famous artists displayed in museums or contemporary frescoes displayed in galleries, paintings carry spiritual values that transcend material values. However, when these art treasures cross national borders, they need to follow a series of regulations and procedures.
Detailed explanation of water heater import and export process and customs requirements
March 25, 2024
In this era that emphasizes quality of life, owning a safe and environmentally friendly water heater is undoubtedly an important pursuit of modern lifestyles. Have you ever wondered how these daily necessities smoothly pass through customs when we enjoy the warmth brought by water heaters in winter? Below, we will introduce the import and export process of water heaters. I. Customs Codes and Tax Rates ...
my country's goods trade grew 8.7% in the first two months, with a wider trade surplus
March 8, 2024
According to customs statistics, in the first two months of 2024, Chinas total import and export value of goods trade reached 6.61 trillion RMB (approximately 930.86 billion USD), representing a year-on-year increase of 8.7%. This growth data demonstrates the recovery and expansion of Chinas trade dynamism, which is particularly significant in the context of global economic recovery. During this period, Chinas total exports amounted to 3.75 trillion...
Master the key to importing and exporting to Türkiye: foreign exchange collection, customs policies and precautions
December 13, 2023
For companies engaged in international trade, understanding the specific requirements and regulations of the target market is key to success. Turkey, a country across Eurasia, its unique geographical location and cultural background makes it an important target market for many foreign trade companies. However, the process of importing and exporting Turkey is not just a matter of currency collection, but also a lot of customs policy and export details are needed.
Chinas steel exports increased by 34.8% in October
15 November 2023
Recently, data released by the General Administration of Customs of China showed that Chinas steel exports were strong in the ten months prior to 2023, up from 34.8% to 7473.2 million tons. This growth momentum has caused widespread attention in the market, especially in the context of the complex international political and economic situation.
How to deal with contract traps in international trade?
7 November 2023
In international trade, contracts serve not only as the foundation of transactions but also as the legal safeguard ensuring their smooth execution. Potential pitfalls within contract terms require careful attention to prevent unfavorable positions in trade disputes. I. Contract Dispute Case Analysis In early 2022, Export Company A faced a 10% deduction from the buyer due to an error in the contracts weight description. This...
Expected weakness in global trade in the second half of the year: possible risks to the supply chain
10 July 2023
During the first half of the year, the United Nations Conference on Trade and Development (UNCTAD) and the World Trade Organization (WTO) released a report on global trade in the second half of 2023. While the global supply chain is gradually returning to normal, the shortages and delays in non-essential consumer goods have improved, and the volume and value of global commodity trade in the first quarter has also been reversed.
Import and Export Trade Process and Logistics Operations?
March 29, 2023
The import and export trade process refers to the entire process from the time an importer purchases goods to the time the goods are transported to their destination and delivered. This process includes overseas procurement, transportation, customs clearance, logistics, distribution, and delivery. Below is a brief overview of the import and export trade process and logistics operations: Overseas Procurement Importers obtain product information through various channels...
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