In the European Union, import means acquiring goods and services outside of the EU and placing them on its market or using in this region. Importing process is complex, so the correct estimate of costs can be challenging. Below we present what makes up the cost of importing from China.Continue reading
The last days have been tough for both Chinese factories and whole production chains, and citizens—problems with the electricity supply appeared in the country, engendering temporary power cuts and even long-lasting blackouts. As a result, it caused slowing down the work in factories or even the complete discontinuation of production. If this situation lasts for a more extended period, it will significantly impede trade with China. Why have power outages in China appeared? What should importers do?Continue reading
China, known as the world’s largest exporter of goods, does not lack factories producing roughly every type of furniture at competitive prices. As the demand for furniture increases, importers are willing to search for suppliers that offer high-quality products for relatively low prices. However, importers in the United States should pay particular attention to issues such as duty rates or safety regulations. In this article, we give some tips on how to excel in importing furniture from China to the US.Continue reading
Among all goods imported from China, a large part is taken up by the import of seasonal products, manufactured on the occasion of holidays or various types of events. Despite the great interest, many people do not acknowledge the large number of risks resulting from importing such items. Before starting the import, it is worth familiarizing yourself with the possible dangers and knowing how to protect your business.Continue reading
The coronavirus epidemic is a source of concern and many doubts, for example in terms of transport and shipping. Many wonder what impact on shipments from Aliexpress coronavirus might have. We already know that parcels arriving from China are safe and do not contain the virus. Another issue is their shipping to other countries. According to our knowledge, since the situation in China has stabilized, more and more deliveries from this country reach the customers.Continue reading
International Incoterms commercial rules set the terms of sale and purchase. International Chamber of Commerce introduces modifications every decade to clarify ambiguities and adapt the rules to changes in international trade. Currently, the Incoterms 2010 rules are in force, but the proposals for Incoterms 2020 changes have already been presented. ICC will announce the set of new rules at the end of 2019. On January 1, 2020 they will come into force. Knowledge of them is crucial when placing an order and signing a contract with a Chinese partner. We describe the planned changes so that you can prepare for the introduction of Incoterms 2020.
Guest post by Maciej Brzozowski representative of Port of Hamburg
One of the megatrends in economy of the last few years is outsourcing and concentrating on a key competences by the companies, while leaving less relevant matters to the proven business partners. It concerns not only the producers considering the “make or buy” problem, but also trading and service companies. Even the army uses outside companies for facility security service. In case of import from China, the thing we easily hand over China is organization of shipment to the country, because who would be better at it, if not the company operating in a region that’s called the world’s factory.