Firms Use Trade Terms to Mitigate Tariff Risks Gain Edge

Firms Use Trade Terms to Mitigate Tariff Risks Gain Edge

This article explores how to effectively utilize international trade terms (Incoterms® 2020) to manage tariff risks in international trade. It analyzes the allocation of responsibilities under various terms and provides practical recommendations to cope with tariff fluctuations, thereby enhancing the competitiveness of businesses in the global market.

Global Firms Adopt Trade Terms to Reduce Tariff Risks

Global Firms Adopt Trade Terms to Reduce Tariff Risks

This guide explores how to effectively manage tariff risks using the International Commercial Terms (Incoterms® 2020). The article analyzes the significance of these rules amidst tariff fluctuations, clarifies the distribution of responsibilities under different terms, and offers practical advice on how to adapt to policy changes, aiming to help businesses optimize their cross-border transactions.

VAT Promotes Fair Trade in Global Commerce

VAT Promotes Fair Trade in Global Commerce

This article explores how Value Added Tax (VAT) serves as a facilitator of fair competition in international trade, distinguishing it from tariffs. VAT achieves tax neutrality through a multi-stage payment mechanism, providing equal opportunities for all businesses, ensuring that goods are taxed in the consuming country rather than the producing country, thereby promoting growth in international trade.

ATA Carnet Simplifies International Trade for Businesses

ATA Carnet Simplifies International Trade for Businesses

The ATA Carnet serves as a duty-free passport for international trade, allowing businesses to temporarily import goods into over 80 countries and regions without customs duties. By simplifying customs procedures, it helps companies reduce costs and enhance cross-border business efficiency, making it a vital tool for promoting international trade.

CBP Bills Essential Guide for US Importers

CBP Bills Essential Guide for US Importers

This article details the significance of the CBP invoice from the U.S. Customs and Border Protection, covering additional duties and other fees. It introduces the new version of the CBP invoice and electronic inquiry methods, explaining its impact on importers and customs brokers. The article emphasizes the importance of timely financial management for smooth transactions.

China Implements New Customs Rules for Sub5000 Yuan Imports

China Implements New Customs Rules for Sub5000 Yuan Imports

The article analyzes China's international express customs declaration policies, emphasizing simplified declaration rules for goods valued below 5,000 yuan and the situations that do not meet the criteria. Additionally, it highlights the differences in express customs declaration practices across various countries, reminding merchants to pay attention to compliance.

Six Highrisk Goods Frequently Seized by Global Customs

Six Highrisk Goods Frequently Seized by Global Customs

This article reveals six types of goods in international logistics that are prone to customs seizure, including sensitive items, high-value products, counterfeit goods, used items, goods with unclear declaration information, and products requiring specific certifications. Understanding this information helps to avoid logistical risks and ensures smooth customs clearance.