Introduce various basic foreign trade knowledge to you.
Export cost accounting is a systematic analysis of all costs of foreign trade enterprises to determine appropriate quotations and assess risks. This process involves the calculation of direct and indirect costs, logistics, taxes, customs fees, and other related expenses, which helps enterprises formulate export strategies and achieve profitability.
The following are eight common foreign trade payment methods: T/T Telegraphic Transfer, L/C Letter of Credit, D/P Documents against Payment, D/A Documents against Acceptance, O/A Open Account Payment, Escrow Service Confirmed Payment, Paypal Online Payment, Western Union Express Remittance.
Telegraphic Transfer (T/T) is now a relatively common foreign trade payment collection method. Payment is made through bank transfer. The remitting bank, in accordance with the requirements of the remitter and the instructions of the foreign remitting bank, settles a certain amount of money to the payee.
The definition of international trade is simple: trade occurring between nations involving goods, services, or technologies. It can be broadly categorized as follows:
Currently, as transit tariffs are no longer used worldwide and export taxes are rarely applied, import tariffs have come into the spotlight. Essentially, this is a case of old wine in a new bottle, where import tariffs replace the previous transit tariffs. Imposing import tariffs often increases the cost of imported goods, raises their market prices, and consequently affects the volume of foreign goods imported.
According to the Regulations of the Peoples Republic of China on Import and Export Duties and related regulations, as of January 1, 2023, the import and export tariffs of some commodities have been adjusted.
Export enterprises should pay special attention to declaration procedures when handling export tax rebates and maintain strict time management to avoid losses.
Foreign trade enterprises should determine the corresponding price according to the enterprise and market conditions, and then adopt an appropriate pricing method to conclude a transaction. The following are the four major foreign trade quotation methods summarized by Zhongshen International Trades foreign trade import business.
For small and medium - sized motor product manufacturers, exporting to Europe is not only a challenge but also an opportunity. This article details the background, purpose, and specific implementation methods of the European unified certification work, deeply analyzes EU technical regulations, and elaborates on the conformity assessment procedures and processes of CE certification.
The customer provides us with packaging details, and we can provide the bill of lading consignee. Overseas goods can be shipped directly to Hong Kong by sea or air. We will send a truck to pick up the goods and put them into our bonded warehouse.
What should you do if exported goods encounter buyer returns or require repackaging or replacement due to packaging quality issues?
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