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Try to learn about various terms of trade, delivery and international payments if you want to do business in import and export from China to Dominican Republic.

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what Are The Points To Consider While Starting Import & Export Business


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    Presentation Transcript
    1. Tips To Consider While Starting Import & Export Business

    2. Import and Export Business is a business that can be done in any part of the world. It is one of the most profitable businesses to start. • Dominican Republic is a country that mainly export and imports goods almost everything that we use whether finished goods, semi finished goods or unfinished goods that make up to 90% of our daily needs from China. • There are many items that you can import and export from China to Dominican Republic.

    3. If you want to start your import business from china then you have to consider few things • Establish a Corporate International Image You need to build your credibility to gain global success. Presenting yourself internationally as a reliable businessperson is important even if you only run a small company.

    4. Know your trade partner It is crucial to conduct a background check on potential partners before doing business with them. You should also verify the contact information given to you by your potential partners. Be suspicious of any company or trader who only gives an e-mail address and a cell phone number but hesitant to provide a telephone number and a physical address.

    5. Avoid shipping risks If you are an importer, demand a pre-shipment inspection to ensure the quality of the products that you are buying. You can include this to your trade contract or condition to payment. • Be suspicious of extremely generous offers If an offer is too good to be true, it probably is. If a potential partner offers an exceptionally high or low price than the regular rates, they might be attempts to defraud.

    6. Understand export and import regulations Try to learn about various terms of trade, delivery and international payments as well as International Trade Etiquette. However, if you are an exporter, here are a few things you should keep in mind –

    7. Get in Contact with Buying Agents • Make Yourself Visible In the Market as Much As You Can • Business Connections Is the Key • Advertise Your Products with Proper Planning • Contact your country's taxation department • Find out about licensing requirements

    8. Participate in the local Boards of Trades Soto Import is among the world's top company in Dominican Republic in terms of exports and attracts investors from different parts of the world.