Introduce various basic foreign trade knowledge to you.
Export cost accounting is a systematic analysis of all costs of foreign trade enterprises to determine appropriate quotations and assess risks. This process involves the calculation of direct and indirect costs, logistics, taxes, customs fees, and other related expenses, which helps enterprises formulate export strategies and achieve profitability.
The following are eight common foreign trade payment methods: T/T Telegraphic Transfer, L/C Letter of Credit, D/P Documents against Payment, D/A Documents against Acceptance, O/A Open Account Payment, Escrow Service Confirmed Payment, Paypal Online Payment, Western Union Express Remittance.
March 25, 2025 00:33
[Export Tax Rebate] What are the tariff policies of the country of destination for imported goods?
Golden Tax Phase IV is a reform project of the State Taxation Administration of China, mainly aiming at the optimization and modernization of the tax collection and management process. The benefits of Golden Tax Phase IV for foreign - trade enterprises are as follows in 5 aspects:
In the first four months of 2024, the overall exports of Chinese clothing and home textile products were stable. The export volume of knitted and woven clothing increased while the price decreased. Exports to Europe and the United States stabilized, and emerging markets grew rapidly. The industry faces the pressure of shipping costs and tariffs.
Restrictions on exports to Russia may vary depending on national policies and laws. Generally, restrictions on exports to Russia include the following:
Import inspection is a prerequisite for cargo customs clearance. Currently, import inspection consists of three main parts: 1. Declaration; 2. Sampling; 3. Inspection.
FCA stands for Free Carrier. Translated into Chinese, this term means delivered to carrier. Typically, the exporter delivers the goods to a specified location, where a designated carrier, appointed by the importer, will collect them.
FOB is the abbreviation of Free On Board, also known as free on board and delivery on board. Usually, when the goods cross the ships rail at the designated port of shipment, the exporter has fulfilled its delivery obligation.
EXW, short for EX Works, is called Ex - Works (named place). Usually, the exporter has fulfilled its obligation to deliver the goods when it places the goods at its business premises or other designated places (factory, warehouse) for the importer to take delivery.
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