Stephanie Duong

If you want to have a long-cooperation period with the manufacturer, you need to sign a contract with them which is prepared according to Chinese laws and let your consulting company do the last inspections for you to make sure quality of the product matches with the previous ones.

The EU has a trade agreement with South Korea, enabling preferential trade. However, for shipments over 6000 Euros, normally a EUR1 would be issued to certify the goods meet the rules of origin. However South Korea does not accept the EUR1 form. For preferential trade with South Korea, then Approved Exporter Status is required to enable preferential import duty. To apply for this, you need to complete a C1454 form and once approved you would use your Approved Exporter Number for your customer to benefit from preferential.

You need to know the specifications of your product very well. Product can be very simple for you but Chinese manufacturers might ask a lot of detail in order to put a project together. If it’s your first business experience with China, you have to visit the factory by yourself or let your consultant do it for you, so you can choose the right manufacturer. The next step is the inspection of the goods during the producing process and make sure the quality is your standard, amount and packaging is right. Payment issue usually shapes itself according to your contract terms with the factory but most of them prefer 30

Only certain commodities are liable for export tax. Export taxes range from zero to 45 percent. Many goods are also subject to VAT. In addition, the Law on SCT stipulates that exporters who purchase SCT tax-liable goods for export, but instead sell the products domestically, are liable for SCT. The export tax rates applicable to exported goods are specified for each item in the Export Tariff. Whenever there is an update in the tax tariff, the Ministry of Finance will issue new Circulars which will either replace or supplement the previous ones. The VAT on exported goods is zero percent.