Chinese manufacturing has dominated over the rest of the world for decades. Therefore, China is known as the world’s factory. The largest wholesale market is located in China. It is in Yiwu, a county-level city near Hangzhou. Yiwu’s wholesale markets are packed with products. Below are the wholesale markets in Yiwu, what they offer, and how to get to Yiwu.
It is never too early to start preparing for the Chinese New Year. Although it is celebrated mostly in Asian countries, importers feel its impact on global trade each year. Chinese New Year, also known as the Spring Festival, is the only opportunity for many Chinese workers to return home and reunite with their families. Mass migrations cause many hindrances, such as the temporary shutdown of factories, transport delays, etc. See what you need to prepare so that the Chinese New Year does not surprise you when you import from China.
Alibaba is a directory of suppliers, an online platform created to search factories and trading companies in China and other countries around the world. The site has also become one of the largest Chinese financial companies through the Alipay payment system. Due to the huge number of customers, Alibaba offers a wide range of payment methods, from credit cards to PayPal and letter of credit. If the seller does not ship the products within the agreed time or fails to meet all quality requirements, Alibaba Trade Assurance allows the buyer to apply for a refund.
The number of European customers on Chinese AliExpress is growing continuously. That’s why we would like to introduce you to how to do your shopping on AliExpress safely and where to put your attention not to be deceived. Unlike the Alibaba.com website, which is directed mainly to importers, trading companies, and wholesalers, on AliExpress, there are no stereotypical Chinese frauds like changing a bank account number or a non-existent company in China. However, this does not mean that buying through AliExpress is completely safe.
When importing products, you can encounter various abbreviations such as CI, B/L, HS, or CN. The first two refer to documents and the latter to customs codes. An HS code can be found in the Harmonized System, and a CN code is based on it. What is the CN code, and how is it different from the HS code?
In the last couple of years, owners of both small and big businesses have been increasingly interested in importing products from China. Good value for money with those products encourages more and more people to earn a living this way, and success stories undoubtedly only motivate them to do so. Before anything, though, you should consider what is worth importing from China to make your business most profitable.
Buying products from Chinese vendors via websites such as Alibaba always involves some risk. You do not contact the seller directly, and what is more, you can rely only on photos when it comes to the appearance of products. In order to lower the transaction risk, it is worthwhile to familiarize yourself with the Alibaba Trade Assurance service. It is the free-of-charge buyer protection offered by Alibaba.com. On its basis, buyers are entitled to refunds if shipments are delayed or the goods do not meet the specified requirements.
When importing goods from outside of the European Union, including China, you should check the customs tariffs. The TARIC system might be of great help in doing so. In this article, we explain step by step how to use the TARIC system and what information in addition to the duty rates can be found there.
TARIC, which is the Integrated Tariff of the European Communities, is a system operated by the Directorate-General for Taxation and Customs Union. It integrates all the legal provisions of the European Union Member States that are related to customs tariffs for industrial and agricultural articles.
TARIC can be very helpful when you decide to import or export goods. Although the rates are constantly changing, you can easily find the current ones in the system.
Suppose the samples you have received from the supplier meet your expectations, and you plan to place a large order. After signing the contract with the supplier, it is time to transfer the funds. There are several methods of transferring money; one of them is a T/T payment. It is often used when the contractor is from China. What is a T/T payment, and what is the risk of this method?
Import from China is quite a complicated process; novice importers have to ensure they take care of many things. Starting from finding the right supplier in China, verifying the company, signing the contract, getting to know the EU standards like CE certification, organizing transport, and finally carrying out customs clearance in the destination country. These are just some of the importer’s obligations. In the following guide, “Import from China to the EU step by step,” you get to know how to import goods from China to Europe from A to Z.
