Rank: Member Groups: Member
Joined: 11/18/2007 Posts: 22 Points: -372
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As world economy and market are down-turn, China is likely the only country who can recover quickest than the other countries. The Chinese government has encouraged pushing up the demand in the local market as export market are still sluggish. They will also have to keep the GDP growth at 8% level minimum. Compared to other countries, e.g. US and European countries, are still trying to stop the declining economy and the financial industry, China has apparently become a very strong economical entity. Recently, Chinese has voiced out the new policies of buying US bonds and the attitudes on currency rate of RMB again USD. So China is the next after Unite State.
Export to China has been hot in recent years. How to start and carry on? Here are some tips and procedures. There are 3 major ways whereby one can export the goods to China: • Distribute your goods directly • Establish a joint venture • Find a qualified agent or distributor with a vast sales network
Before exporting your goods into China or choosing a Chinese partner, it is advised for you to conduct the market research and due diligence. Companies should be mindful of possible problems in export rights, regulations and intellectual property rights protection. If the company decides to distribute the goods directly, then it will have to be aware of the distribution rights and understand the licensing process in China. The flow of export is as:
1. Filing and registration of foreign trade operators 2. Appointment of foreign trade cooperation as import-export agent 3. Foreign-invested Commercial Enterprises handles own export not required to apply 4. Customs registration. Customs registration is not required if agent is appointed to complete customs declaration 5. Application for export quotas and licenses prior to customs declaration. It is applicable to commodities subject to quota and licensing control 6. Signing of foreign trade contract 7. Completion of foreign exchange formalities 8. Application for inspection of export. Commodities subject to inspection and quarantine 9. Customs formalities (customs declaration, tariff payment, inspection and delivery) 10. Verification and cancellation formalities
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