Received an e-mail this morning from an organization requested solely “for recommendation” about importing their particular product from China into america and the EU.
My response was as follows:
My recommendation is in case you are not paying prematurely, you do some mixture of the next:
Chinese language Firm Reputational Studies: It is best to have a due diligence report accomplished on every firm to which you’ll be sending cash, earlier than you ship the cash. You’ll find out about our due diligence experiences right here.
NNN Agreements. Relying on the specifics of your product and your corporation, you seemingly will want an NNN Agreement. These defend towards your Chinese language manufacturing disclosing your confidential data, utilizing your data or your product, and going on to your clients.
Manufacturing Agreements. With out this, you’re susceptible to points like poor product high quality, late deliveries, and paying for one thing and getting nothing in any respect. You possibly can learn extra about these right here.
China Emblems. In case your product entails branding, it’s important to guard your logos in China, even when your whole product gross sales are exterior China. See Manufacturing in China: Trademark Registration Ought to be the First Factor You Do.
Tariffs: It’s important you perceive the tariffs and duties related to importing your explicit product into the US and the EU, and that you just discover methods for doubtlessly decreasing (and even eliminating) these tariffs and duties.
When you’ve got any further questions, please don’t hesitate to achieve again out.