For Shoshan Trading it is very important that our users, clients and partners know the terms on the export of products as an approach to international trade.
The information about the product export process allows the investor to have a better overview when making decisions.
Exports are a fundamental part of the business internationalization of companies, since it allows them to take their products to any part of the world, through this activity companies can enhance their business, market and expand their brand.
What is the export of products?
They are the set of goods and services sold by a country in foreign territory for its use. Along with imports, they are an essential accounting tool for each country.
These operations are regulated by a series of controls and legal provisions that act as a contextual framework for commercial relations between territories.
The export of products can be carried out by different routes according to the distance and country in which it is located and is destined: its transport can be for land, truck, car, sea or a plane.
Benefits of exporting products:
• It promotes the production process of the country of origin of the merchandise.
• Provides an opportunity for business expansion globally.
• It favors the offer of services and products to a greater number of users.
• It driving the increase in income and customer portfolios of companies, among others.
What is the entity in charge of executing the product export operation?
The physical entity and governmental body mainly in charge of this procedure is customs, so a merchandise must leave a certain customs office in a certain nation or economic block and must enter a similar one in the receiving country.
It is important to mention that these transactions between several states usually present a significant degree of difficulty at the legal and fiscal level, since they vary significantly from one country to another.
The 8 countries with the highest volume of exports worldwide are:
China, the United States, Germany, Japan, France, The Netherlands, South Korea and Italy.
There are several aspects that must be evaluated before exporting the product, for example:
• Know the customs laws of the countries where you will export.
• Accurate information on packaging, labeling, documentation and health.
• Have the means of transport to carry out exports.
• Maintain alliances and agreements with other companies in the destination country.
Whether it is a company or a natural person, everyone must support a series of requirements to export anywhere.
It should also be taken into account that, the procedure for the export of products varies according to the region or country to which it is destined, it is not the same to export to a member country of the European Union as to an Asian country.
However, there are a number of requirements that hardly vary:
• Pro-forma invoice: it is a provisional invoice, with data on the quantity of merchandise, insurance, transport costs of the operation.
• Commercial invoice: It is the document where all the information of the sale is.
• Packling list: corresponds to the list of products of the transport companies that provide information on the merchandise.
• Single Administrative Export Document: it is a mandatory document where all the merchandise to be exported is declared.
• Transport documents: it serves to prove the state in which the merchandise has been received in the destination territory.
• Certificate of origin: this document is issued by the Chambers of Commerce and certifies the origin of the merchandise.
Now that you know some aspects about the export of products, it is important to keep in mind that before executing any operation for your company or business, you must have qualified personnel with perfect command of all the regulations in international trade that can guarantee the effectiveness of the transaction.
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