An import is a good brought into a jurisdiction, especially across a national border, from an external source. The party bringing in the good is called an importer. An import in the receiving country is an export from the sending country. Importation and exportation are the defining financial transactions of international trade. In international trade, the importation and exportation of goods are limited by import quotas and mandates from the customs authority. The importing and exporting jurisdictions may impose a tariff (tax) on the goods. In addition, the importation and exportation of goods are subject to trade agreements between the importing and exporting jurisdictions.
Companies import goods and services to supply to the domestic market at a cheaper price and better quality than competing goods manufactured in the domestic market. Companies import products that are not available in the local market. Companies to be competitive maintain supply chain and cut costs and to extend profit margins, importing goods or raw materials is one potential path towards achieving this goal. Importing from offshore sources provides a host of benefits, including lower prices, higher quality goods, and the advantages associated with international trade agreements. While importing is a great idea for many businesses, it’s always important to perform careful research in order to avoid costly mistakes later on down the line.
Comparative advantage, meaning, that the conditions in a foreign market allow for much cheaper production costs, thanks to things like low labor costs, lower tax schemes, etc. We can help you get the products or materials you need at a considerably cheaper rate. Importing is a quick and easy way to cut your costs and boost your profit margins.
Identify, evaluate and assess the products for high-quality for your company and ensure they measure up to the international standards.
Present product samples, paid for by you with some exceptions, to help you analyze and test their suitability and viability to your business interests.
Locate some of the vital resources you may need for your manufacturing process which can only be found in certain parts of the world. This includes everything from raw materials to special technologies.
Every business wants to remain competitive in domestic markets, the answer is often found in our services, because we developed close business relationships with offshore exporters who can supply those certain goods or raw materials from a foreign market that may give your company the ability to manufacture higher-quality products and make more money while doing so. By focusing on attaining the benefits outlined above, and nominating us to serve your company’s interests, we assure with certainty that your company will stay growth-oriented and competitive throughout even the most trying economic times.