How To Import From China To Australia - Buying Wholesale From China
Many things have changed within Australia in 25 years
. It has become one of China's biggest trading partners. Importing from China is regarded as a good business venture for some capitalists as it assures maximum profitability. Information on how to import from China to Australia is now a sought after item. Although it is becoming easier to import from China, you have to understand and consider a number of things such as the local rules and the overall Chinese business philosophy in order to achieve long-term business success.The Right Supplier
It all begins with finding the right person to work with.
You might ask: How do you find suppliers?
Trade shows are always good venues to meet people in the importation business. This will give you the opportunity to meet the supplier personally. Such events are time bound so make sure to attend whenever there is one available. One of its advantages is that you can evaluate the quality of the products that are being displayed by the suppliers. It is also important to know that the particular supplier is an authorized reseller. To check, call the owner of the brand.
The Art of Negotiation
Clarify your payment terms. A 30% down payment and 70% completion of payment seems like a fair deal. A letter of credit will also be accepted. In addition, the shipment terms must also be discussed beforehand.
Landed Cost and How You to Calculate It
Before you even place an order with a certain supplier, it is important to have a good estimate of the landed cost. The landed cost is basically the total cost of the product upon arrival. Moreover, be aware that there might be hidden costs along the way. To prevent surprises or hidden costs, you should do a test order.
Be Aware of Australian Import Regulations
Australia is well-known for its beautiful natural resources and in order to preserve this, they have strict regulations regarding imported plants, animals and food. Vehicles are pretty much affected by these strict import policies. Firearms, weapons, and narcotics are also included as restricted items.
You also have to be aware about Australias dual tariff system (i.e. delineating general and preferential duty rates). Their tariff rates depend on what country the imported products came from. Preferential rates are typically lower and are given to developing countries such as Pacific island countries, New Zealand and Canada while the rest of the world is subject to delineating general rates, which is usually about 5% higher than the preferential rates.
Importing Your Goods and Getting Clearance
There are several documents needed to gain customs clearance. Proper registration (transshipment, home consumption, warehousing or removal to another location) should be done to your items.
After complying with the customs clearance, you can then claim the goods and start selling.
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