Exporting to China: What You Need to Know

Описание: With one of the largest global economies, China is a tempting market for many U.S. exporters, but recent geopolitical tensions have added a layer of complexity. So should U.S. exporters still consider breaking into the Chinese market? There’s no one-size-fits-all answer to this question, but in this video, we’ll explain many of the considerations.

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The Challenges
Exporting to China is difficult for many reasons, including:

—Unpredictability, which was demonstrated during the COVID-19 pandemic.
—Increasing costs to operate with the country.
—Deciphering the many (often conflicting) Chinese rules and regulations can be frustrating in the least and, at worst, cause issues that force an exporter to stop trade to the country completely.
—A government-led emphasis on self-reliance is creating uncertainty for foreign businesses.
—It continues to be a challenging environment for Intellectual Property protection.

The Opportunities

While those risks loom large, the potential rewards may as well.

—China’s status as a global manufacturing powerhouse is a huge driver of growth and potential.
—China’s rapidly aging population, shrinking labor force and falling return on capital can open opportunities for American exporters.
—American products continue to be viewed favorably by Chinese consumers.

Export Assistance

These are some of the places where you can get in-country, trusted assistance if you encounter difficulties exporting to China:

—The U.S. Commercial Service
—District Export Councils
—Trade Missions sponsored by state and local trade offices
—The International Trade Administration
—The U.S.-Canada Chambers of Commerce

Export Document Requirements for China

—A Bill of lading
—Commercial invoice
—Packing List
—Sales contract
—Proforma invoice
—Certificate of origin signed by a local chamber of commerce and a
Customs declaration

Depending on the Incoterms 2020 trade term you choose to use, you’ll probably also need an insurance policy, and you will be required to file your electronic export information through AES if the value of your shipment is more than $2,500 per Schedule B code.

There are also some more specialized documents that MAY be required:
—An import quota certificate for general commodities.
—An import license.
—An inspection certificate issued by the General Administration of Quality Supervision, Inspection, and Quarantine (AQSIQ) or its local bureau and
—Other safety or quality licenses.

The Chinese importer will gather the documents necessary for importing goods and provide them to Chinese Customs agents.

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00:00 Introduction
01:06 The Challenges of Exporting to China
01:45 The Opportunities of Exporting to China
02:12 Export Assistance for Exporting to China
02:43 Export Document Requirements for China
03:54 Export Compliance Issues with Exporting to China
04:11 Product Classification
04:59 Export License Determination
05:23 Restricted Party Screening
05:31 Export Documentation and Compliance Software

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