Finding and developing new international export markets for your products can result in increased sales, business expansion and improved overall profits. Importing product will provide an alternative price offering to branded products and help companies develop imported Own Label, Own Brand and OEM product ranges from low-cost countries. As a result, exporting and importing has become an essential part of day-to-day operations for businesses. Trading internationally is very complex - however, with the help and appropriate training from EBIT Management Consultant, it can be easier. Trade compliance embraces the terms and conditions of doing international business between two or more countries, including contracts, payments, classification of goods, documentation, trade risk assessment, shipping, duty and tax payments and business practice reviews.
Trade compliance is also a process of understanding and adhering to the laws and regulations controlling the export and import of goods, products, information and technology between two or more countries. In addition, trade compliance covers many different trade agreements between countries which can reduce import or export costs. We can implement proactive customs planning strategies which will potentially reduce duty payment and possibly enable duty drawback or refunds.
When you work with us, we are able to assist your business in a number of ways. Firstly, we can audit your international processes and procedures to ensure they are fully compliant, while identifying any business risks to you. Secondly, we can document a full end-to-end compliance program for your business. Once you have compliance audits and compliance programs in place, we can assist your company in obtaining customs recognition, thereby avoiding the normal customs delays within your international supply chain.