Can Shanghai Port conduct entrepot trade? Come and find out!
Solved#Entrepot trade#
I'd like to know if Shanghai Port can handle entrepot trade? Our company has a batch of goods originally planned for direct shipment to the destination country, but now considering some factors, we want to operate through entrepot trade. I'm not sure about Shanghai Port's policies in this regard, whether it has the necessary conditions and facilities to support entrepot trade. If possible, how complex is the specific process?
Professional consultant answers
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
Shanghai Port can indeed conduct entrepot trade. As one of the world's major ports, Shanghai Port boasts comprehensive infrastructure, including advanced cargo handling equipment and extensive storage space, which can meet the needs of temporary storage and transshipment in entrepot trade.
In terms of policies, Shanghai has a series of measures favorable to entrepot trade, such as policies related to the Free Trade Zone, which simplify customs clearance procedures and enhance trade facilitation.
Regarding the specific process, first, after the goods arrive at Shanghai Port, they need to be declared for storage in the bonded zone. Then, the new destination country and buyer are determined, followed by the relevant export procedures. Although the process involves declarations and other steps, with the support of trade facilitation policies, the overall operation is not overly complex. Companies can entrust professional logistics or trade agencies like Zhongshitong to assist with the procedures.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Entrepot trade is possible. Shanghai Port's superior geographical location makes it a key shipping hub, facilitating cargo distribution and transshipment. Moreover, its supporting services are mature, such as customs declaration and inspection, which are very convenient.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Shanghai Port can handle entrepot trade. Its high level of informatization allows for easy tracking of cargo information, enabling companies to monitor cargo status in real time, which is beneficial for entrepot trade.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Of course. Shanghai Port has abundant shipping route resources, making it easy to find suitable routes for cargo destined for any country or region.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
Shanghai Port can conduct entrepot trade. The well-developed logistics industry around the port can provide diverse logistics solutions to meet various needs of entrepot trade.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
It can. Shanghai Port's efficient port services enable quick processing of inbound and outbound entrepot trade cargo, reducing the time goods spend in the port.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Shanghai Port supports entrepot trade. The bonded zones within the port offer benefits like tax-free storage for transshipped goods, reducing costs for companies.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
Entrepot trade is feasible. Shanghai's well-developed financial services provide strong support for settlements and other aspects involved in entrepot trade.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Shanghai Port can engage in entrepot trade. With many professionals available, it can provide expert guidance to companies during the entrepot trade process.