Importing goods from China is a multi-step process that requires an importer’s remarkable thoroughness and responsibility. Lack of the necessary knowledge can result in enormous financial losses. Thus, before you start importing, you must know all its steps to prepare for it correctly. What to pay particular attention to when importing goods from China?
China is the largest manufacturer of steel in the world. The country is responsible for about half of its entire global production, breaking its own records in this industry. In February 2021, Chinese steel production raised 4.1% compared to the previous year, reaching 150.2 million tons. Importing steel from China might be a good idea for a business. However, one must take a few key factors into account. We discuss the most crucial issues associated with importing steel from China.
China is one of the global leaders in exporting jewelry. Chinese suppliers offer a wide variety of jewelry articles, providing a great choice for different consumers. What’s more, the demand for accessories that complement everyday look remains high. That’s why the import of these items is popular among international importers. We present all you need to know about importing jewelry to the US.
Thanks to the commonness of online B2B services, trading with China is getting easier. However, it results in entrepreneurs thinking that it is enough to order goods via the internet without going through any additional formalities. Unfortunately, when importing from China, we can come across many pitfalls. Therefore, one should always remember about protection measures such as partner verification or a commercial contract. In case of any problems with a contractor or goods, the contract with a Chinese supplier will allow us to assert our rights.
Commercial invoice undoubtedly plays a crucial role in import as well as the export of goods. It constitutes the basis of posting transactions, calculating tariffs, or in accounting. Moreover, the Chinese invoice is one of the documents that are indispensable at customs while importing. In the process of trading with China, in most cases a pro forma invoice is not accepted.
