International shippers face the often vexing problem of understanding and estimating duties and taxes. Armed with tools and information, these Customs charges need not be so baffling. Duties and taxes are usually levied by the destination country as a way to protect local markets and to generate country revenue. Those charges are assessed based on the nature of the goods in the shipment. Continue reading
There is a huge opportunity brewing for U.S. small and medium-sized companies to do business with our closest neighbors. The U.S.’ two largest export markets, Canada and Mexico, are buying more “Made-in-USA” goods and services than any other countries in the world. Just consider the numbers: combined exports to both countries reached nearly $600 billion annually at last official count in 2012. But how exactly should businesses approach trade with Mexico and Canada?
The rules and regulations of duties and taxes can be tricky and are constantly changing. But understanding the process and landed costs can save you and your customers from surprises.
In this blog post, we have compiled the most frequently asked questions on duties and taxes to help your business effortlessly navigate through the international trade process.
Without the proper know-how, international shipping can mean stress for business owners. However getting goods through Customs doesn’t have to be hard or traumatic. Fortunately, careful planning and attention to detail can keep product on the move.
Here are the most common causes for import delays.
Companies with an eye on importing and exporting in Latin America are increasingly turning their focus to the rising economic powerhouses of Chile, Peru and Colombia. A recent Bloomberg Businessweek report outlines the state of affairs in the region quite well, noting that a clear economic divide between the Atlantic and Pacific coast nations of South America is taking shape.