Common Payment Methods in International Trade
There are four commonly used payment methods in international trade, namely Telegraphic Transfer (T/T), Letter of Credit (L/C), Documents against Payment (D/P), and Documents against Acceptance (D/A).
What are the types of import and export trade methods?
The definition of international trade is simple: trade occurring between nations involving goods, services, or technologies. It can be broadly categorized as follows:
Why should enterprises seek import and export agency services?
What certifications are needed for exporting tableware? How to choose reliable agency companies? 2025 latest guide
How to find an import agency company?
Professional import agencies can reduce customers customs clearance risks and, more importantly, optimize import plans to further improve clearance efficiency.
How to fill in the declaration elements in the import and export customs declaration form?
A key link in international trade is import/export customs declaration, which determines whether goods can cross borders smoothly. Today well discuss declaration elements in import/export customs forms to help you navigate this process.
What are the general charging standards for foreign trade import and export agency companies?
The general charging standards for import and export agency companies include service fees, profits, and tax points on tax refunds (uncertainty).
What are the detailed steps for export agency?
The export agency process is not merely about material declaration but involves a stringent and complex review procedure. Only export agency firms with extensive experience can help companies shorten pre-consultation time, save costs, and ensure smooth export operations.
[Export Tax Rebate] What are the tariff policies of the country of destination for imported goods?
Currently, as transit tariffs are no longer used worldwide and export taxes are rarely applied, import tariffs have come into the spotlight. Essentially, this is a case of old wine in a new bottle, where import tariffs replace the previous transit tariffs. Imposing import tariffs often increases the cost of imported goods, raises their market prices, and consequently affects the volume of foreign goods imported.
As the exporter, we not only need to understand the export tax rebate policy, but also need to know the tariff policy of the country of destination for the imported goods. Then the relevant content will be introduced in detail below.
According to the Regulations of the Peoples Republic of China on Import and Export Duties and related regulations, as of January 1, 2023, the import and export tariffs of some commodities have been adjusted.
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