Go International will help companies import goods in the following way
Help plan your import objectives
Before you start importing, it’s a good idea to be clear about what you are trying to achieve. You might be looking at China to find a cheaper source of supplies, or to import products that aren’t yet available in the UK to sell to your customers and ideally importing should fit in with your overall business strategy.
Identify legitimate and reliable suppliers
We will help check the supplier is creditworthy and can meet your quality standards and we can assess product quality and check that the goods you buy are suitable and whether the supplier outsources any work to subcontractors.
Help with Culture
Especially in China we help you understand the culture of the Chinese market to establish a successful relationship with your suppliers. Mandarin (the official language in China) is becoming an increasingly important language. It is spoken by over one billion people worldwide, outnumbering any other language. Making an effort to learn a few short phrases can help to establish mutual confidence.
Negotiate the right deal
Go International will help you understand your own strengths and weaknesses, and what your supplier’s priorities are, helps you negotiate the best deal. We know from our experience that the Chinese believe that prospective business partners should build a relationship and, if successful, commercial transactions will follow. The objective of developing close relationships is to build what the Chinese call guanxi (pronounced gwan shee), which are essentially social or business connections based on mutual interest and benefit.
Reduce risk by having a clear contract
It is important to have a clear contract setting out exactly what payment and delivery terms you have agreed. Using internationally agreed Incoterms (International Commercial Terms) helps reduce the risk of delivery problems or misunderstandings. We will help with the contract to ensuring it covers what payment is required, when and in what currency, and what payment method will be used.
Choose which method of transportation you are going to use
When making your choice as to how you are going to import, we will help to decide whether to handle logistics by yourself, or outsource the work to a freight forwarder
Declare your imports to HMRC
Imports from outside the European Union (EU) into the UK must be declared to HM Revenue & Customs (HMRC). This is usually done using the Single Administrative Document (SAD), also known as form C88.
Trade Tariff & Commodity Codes & Import Licenses
You may need an import licence to import goods into the UK. and It is important that as a trader you know whether you have to pay import VAT and duty on your goods before they can be cleared for entry into the UK. Imports may be liable to import duty, depending on the classification of the goods and where they come from.
Go International will guide you through the labyrinth of Import requirements.