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Raymond Yang

Raymond Yang

Lawyer
7 Followers

Computers' import

How to import computer parts from China?
From United States of America
To China
Nov 27
2020
1
answer
Raymond Y.
Nov 27, 2020

If you plan on expanding your tech business’s market to China, or you want to reduce overhead costs by purchasing parts, you’ll need to understand what goes into importing electronics from China. Specifically, computer parts require some special care and some know-how of importing.

In the past few years, China has revamped some of its industrial policies and has become a substantial computer hardware producer on a global scale. It’s important to understand these policies in order to work with a Chinese supplier. Luckily, these policies are not very difficult to be compliant with. Some business owners are wary of importing electronics from China because of Chinese and U.S. regulations, which have been less than ideal for foreign businesses in the past. However, simply understanding how to work with these regulations can make the process fruitful.

To start, you should always look for suppliers that are 100% compliant with Chinese and U.S. import and manufacturing laws. This can be difficult, as many suppliers may not invest money into certifications and compliance for different markets.

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Tax ID process

How long does the tax ID process take, and is there a quicker way to get one? I'm anxious to open a checking account right away, and my bank won't let me open one without an ID number.
From United Kingdom
To Austria
Nov 17
2020
1
answer
Raymond Y.
Nov 17, 2020

Most IRS offices will issue the number by mail within two to three weeks after they receive your Form SS-4. If you can't wait that long, you can call the IRS and get a tax ID number assigned to you over the telephone. It helps to have a completed Form SS-4 in front of you, because the agent will ask you many of the same questions.

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Export Organizations & Services

What organizations and government services are available to help me export?
From Australia
To Argentina
Oct 28
2020
1
answer
Raymond Y.
Oct 28, 2020

Below is a listing of general and specialized export service links.

  • The Trade Compliance Center (TCC) of the International Trade Administration and the U.S. Commercial Service
    For more specialized assistance, please review the following agencies:
  • U.S. Department of Agriculture(USDA) - Administers programs that support exports of agricultural products, including initiatives to combat unfair competition.
  • Country Directories of International Contacts (CDIC) - Provides the names and contact information for importers, agents, trade associations, and government agencies on a country-by-country basis. Available on the NTDB.
  • Customized Market Research (CMR) - Provides a research service to firms with specific information on marketing and conducting foreign business in order to determine marketability, key competitors, possible partners, etc.
  • International Trade Administration (ITA) - Commerce Department office that specializes in the facilitation of trade by product or industrial sector.
  • Market Access and Compliance (MAC) - MAC officers help U.S. businesses to overcome barriers to trade and investment.
    My Export.com is an exporter referral service that connects exporters to the global marketplace
  • Small Business Administration (SBA) - Provides a full range of export assistance services to small businesses just entering the international export market.
  • U.S. Trade and Development Agency (TDA) - Helps U.S. businesses obtain grants on a transaction-specific basis for foreign development projects.
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Sight Letter of Credit & Usance Letter of Credit

What is the difference between a Sight Letter of Credit and a Usance Letter of Credit?
From Belgium
To Belarus
Oct 14
2020
1
answer
Raymond Y.
Oct 14, 2020

Sight Letters of Credit indicate that the drafts drawn are due upon presentation of the shipping documents. ICC rules allow International Trade Finance and your company 7 business days to review the documents for discrepancies before accepting or rejecting the documents. Upon acceptance, International Trade Finance makes payment to the Letter of Credit beneficiary according to the instructions on the draft. If the documents are rejected, International Trade Finance advises the beneficiary’s bank of the rejection and waits for instructions on how to dispose of the documents. The goods cannot be released if the documents are rejected.Usance Letters of Credit allow a specified number of days from the Bill of Lading date or from the presentation of the documents, before the draft matures. Again, ICC rules allow International Trade Finance and your company 7 business days to review the documents for discrepancies before accepting or rejecting the documents. Upon acceptance, International Trade Finance advises the beneficiary’s bank of the maturity date and makes payment to the Letter of Credit beneficiary accordingly. If rejected, International Trade Finance advises the beneficiary’s bank of the rejection and waits for instructions on how to dispose of the documents. The goods cannot be released if the documents are rejected.

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Food export to the EU

Does food exported to the EU have to come from an EU-authorized establishment?
From Armenia
To Azerbaijan
Oct 06
2020
1
answer
Raymond Y.
Oct 06, 2020

For food of animal origin – yes, in most cases.
For food of non-animal origin – not necessarily. In many cases, the exporting business must simply be known to the importer and accepted as a supplier of food into the EU.

For food containing plants or plant products covered by EU plant-health rules – no, but exporters must obtain a phytosanitary certificate issued by the national authorities in their country.

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